Air Arabia, the only listed airline in the United Arab Emirates, will begin flights on May 6 from a new hub in the sheikdom of Ras Al Khaimah after local carrier RAK Airways suspended operations earlier this year.
Du, the telecommunications provider majority-held by United Arab Emirates state-linked companies, said it secured $1.17 billion of loan facilities to lower its cost of borrowing by as much as $9 million over five years.
Dubai Financial Market PJSC , the only Gulf Arab stock market to sell shares to the public, had a 96 percent plunge in first-quarter profit as trading volumes declined amid political unrest in the Middle East.
Centurion Investment, an Abu Dhabi- based investment company, is planning an initial public offering of healthcare-provider CosmeSurge & Emirates Hospital Clinics, two people with knowledge of the matter said.
Dubai Financial Market PJSC, the only publicly traded Gulf Arab bourse, said it returned to profit in 2012 as trading volume in the Persian Gulf business hub rebounded and the measure rallied the most in the region.