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.
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.
Abu Dhabi and Dubai completed due diligence on a potential merger of the two bourses in the United Arab Emirates, bringing the combination a step closer, according to two people familiar with the matter.
Gulf Finance House EC climbed to the highest in more than 22 months after the investment company said it signed an agreement with a group of British investors to sell 75 percent of its stake in Leeds United Plc.
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.
Deyaar Development PJSC, the second- largest publicly traded property company in Dubai, gained to the highest in more than five years on growing investor confidence in the emirate’s real estate recovery.