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Dubai’s biggest private healthcare provider, Emirates Healthcare Limited (EHL), has been taken over by the Mediclinic International, a South African firm, after buying out minority shareholders. Mediclinic International is South Africa’s second biggest private healthcare operator. It now owns 46.93% Read more
According to a Reuters report, the void left by European financial institutions in UAE’s loan market is being filled by the local banks and they are reaping the fruits despite the conditions entitled to such a venture in the country. Read more
Reports have emerged that the Gulf countries, namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman, have been showing keen interest in bolstering their defense artilleries with the latest Lockheed Martin Corp missile defense system. According to Read more
The United Arab Emirates is planning to build a $ 2.9 billion midfield terminal at Abu Dhabi International Airport to keep up with rapidly growing number of travelers and air traffic. The new terminal, to be operational in 2017, will Read more
Reports from the lead arrangers claim that four banks have been chosen by the largest lender by market value in the United Arab Emirates, the National Bank of Abu Dhabi (NBAD), to issue benchmark-sized bonds which could price within a Read more
The United Arab Emirates has concluded an agreement with Australia regarding their ambitions to have a nuclear plant that will function under a civilian nuclear programme. The agreement aims at facilitating the cooperation between the two countries for the possible Read more
The Qatari government has purchased 24 Swiss-made PC-21 military training planes for its newly created air force academy looking forward to provide world-class training for young pilots. The deal worth over $600 million includes advanced ground-based training tools, logistical support Read more
The UAE has announced that it will be the first and foremost country to have an Arab city which will be involved in manufacturing commercial airplane in a business venture. The project will be undertaken by its aerospace company Mubadala, Read more
The United Arab Emirates on Sunday launched a new offshore oil export terminal in Fujairah on the Gulf of Oman that will process up to 75 per cent of the Gulf country’s exports. The terminal has eight crude oil storage Read more
The United Arab Emirates has handed a 90-day notice to Barclays following its role in a scandal in England. Barclays is obliged to leave the rate-setting panel for interbank lending because the notice is mandatory. Barclays has of late manifested Read more