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Nation

Ggico reports Dh54m profit for first half
Gulf General Investment Co, or Ggico, reported a sixth consecutive profitable quarter, reflecting a strong recovery of the company.
No decision yet on Emaar malls unit IPO
Emaar Properties said on Thursday it had not yet taken a decision on the timing of an initial public offering (IPO) of its malls business, which was expected later this year.
ABC upsizes loan facility to $750 million
Bahrainís Arab Banking Corp (ABC) on Thursday signed to obtain a $750 million, three-year loan facility from a group of banks, expanding the facility from an originally planned $500 million.
Pure Gold expands into Europe with opening of ĎAriannaí in Paris
Pure Gold Group has expanded its international footprint with the opening of its luxury multi-brand jewellery boutique Arianna in Paris.
Dubai firms ready 
for Gujarat tie-up
Organisations had agreed to sign a memorandum of understanding (MoU) to collaborate in the development and promotion of the Gujarat International Finance Tec-City
Aafaq and Menacorp bring Islamic finance to the UAE markets
The agreement was signed between Shaikh Faisal bin Saud Al Qasimi, managing director of aafaq ó Islamic Finance Company, and Fathi Ben Grira, chief executive of Menacorp.
THOE, Seawings tie-up to promote tourism
Kleindienst Group, a leading UAE based real estate agent and developer, has announced that its flagship The Heart of Europe, or (THOE) project on Dubaiís The World has partnered with Seawings, the Middle Eastís popular seaplane tour operator.
European property developer Preatoni sets up UAE division
The company aims to expand its portfolio of residential and commercial complexes through this dedicated arm, which will play an instrumental role in generating further demand for Preatoniís current and future projects.
Strength in non-financial corporates behind bulk of the GCC debt pick-up
The UAE bond issues dominated, accounting for $8 billion of this, while Saudi issues made up the rest, NBK said in its latest Economic Update.
DIFC Investments planning sukuk issue
DIFC Investments, the investment arm of the company running Dubaiís financial free zone, is planning to issue sukuk, four bankers told IFR.
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