The agreement aims to promote and facilitate trade, investment and other opportunities between Dubai and Australia, said a DIFC statement.
The award ceremony was held in Abu Dhabi, alongside the Arab Investment Summit, which brought together leaders and experts from across the region and the world to meet and discuss investment opportunities in the Arab region.
Holders of the Islamic bonds agreed to extend the maturity to June 2018, with a two-year grace period for the principal repayment amount in 2012 and 2013, the lender said in an e- mailed statement.
The event is being held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain, mandated by the Ministerial Committee for Planning and Development of the Gulf Cooperation Council (GCC)
The MoU was signed by Mr Chris Eccles, Director General, Department of Premier and Cabinet, and Abdulla Mohammed Al Awar, Chief Executive Officer of DIFC Authority
Their need for diversification, increased yield in the current low interest rate environment, increasing sophistication, together with the fact that they are uniquely placed to deploy long term capital, makes them well placed to continue and increase thei
DIFC Investments (DIFCI), the investment arm of the company running Dubai's financial free zone, has likely sold software company SmartStream Technologies, resulting in a $68.8 million impairment provision, JP Morgan said in a research note.
Only around one-third of outperformance from skill should go to hedge fund managers in the form of fees, with the rest going to the investor according to new research from Towers Watson, the global professional services company.
As a first step towards creating the REIT, National Bank of Abu Dhabi states in a news release from Dubai that it is setting up a fund and partnering with Gulf Investment Corp. of Kuwait to find properties in the UAE.
Commenting on the agreement, Mr. Fuad Taqi, Deputy General Manager, Commercial Banking of KHCB said, "We are very pleased to be working with the Meydan Group.
In an interview with Zawya Dow Jones, Vitalo said the longer term outlook for bond issuance in the region was good as European banks-traditionally large lenders to the Middle East-struggle with a crippling debt crisis, forcing local companies to look at a
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