An International Monetary Fund (IMF) mission, led by Mr. Zeine Zeidane, visited the United Arab Emirates (UAE) from May 24 to June 4, 2015 for the annual Article IV discussions. The consultation will conclude with the preparation of a report…
Category: UAE
Mouchel appoints UAE delivery director
International infrastructure and business services group Mouchel has appointed Leighton Greenland to lead the operational delivery of projects and client relationships for the UAE. “This is an exciting time for Mouchel in the Middle East and we are delighted that Leighton…
JLL’s seven top tips for the UAE real estate market in 2015
JLL’s seven top tips for the UAE real estate market in 2015 are: 1 the Dubai residential bubble deflates Dubai residential prices to decline marginally in 2015 Abu Dhabi to see stable sale prices but continued growth in rentals There…
UAE’s built assets worth $1 trillion
The UAE’s built assets are worth $1 trillion, a figure that is more than 22 per cent higher than Singapore’s, according to a report released by local real estate firm The H Holding Enterprise. This finding is based on the…
Fitch Ratings affirms AA rating for Abu Dhabi
Fitch Ratings announced on 16 August that it has affirmed Abu Dhabi’s long-term foreign and local currency Issuer Default Ratings (IDR) at AA with a stable outlook. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds…
UAE wants aid for Egypt following El-Sisi election
UAE Foreign Affairs Minister Sheikh Abdullah bin Zayed al-Nahyan yesterday called for Egypt to receive international support following the victory of Abdel Fattah El -Sisi in last week’s Egyptian presidential elections. “We want to have partners from around the world…
Fitch holds Ras al-Khaimah’s rating at A/AA
Fitch Ratings this morning affirmed Ras al-Khaimah’s long-term foreign and local currency Issuer Default Rating (IDR) at A with stable outlooks. The short-term foreign currency IDR has also been affirmed at F1. The country ceiling has been affirmed at AA+,…