DFM rises as Nakheel reaches deal with creditors DUBAI - Dubai shares on Wednesday advanced the most in four weeks as Nakheel PJSC said it reached an accord with 91 per cent of its trade creditors to alter terms on debt payments.
HSBC UAE Lowers Salary Floor for Consumer Loans DUBAI - HSBC Holdings Plc cut the minimum monthly salary required for personal and auto loans in the UAE by half to Dh10,000 ($2,720), in a possible sign credit is easing in the second-biggest Arab economy.
ADX drops on earnings speculation DUBAI - Abu Dhabi stocks retreated the most in almost three weeks paced by Emirates Telecommunications on speculation fourth-quarter earnings may disappoint.
Dubai House Prices to Fall in Fourth Quarter DUBAI - Dubai house prices will start to fall in the fourth quarter, ending a housing boom that pushed prices up by 43 per cent in the first three months of the year, Colliers International said.
Global Investment House Plunges after Hiring HSBC to Rework Debt DUBAI - Global Investment House KSCC, Kuwait's biggest investment bank, declined to the lowest in more than four years after appointing HSBC Holdings Plc to help renegotiate loans owed to foreign lenders, sparking concern of a default.
Jordan, China agree to $1.25b shale-fired power plant DUBAI - Companies from China, Jordan and the UAE signed a $1.25 billion agreement to build a shale oil-fired 900-megawatt power plant in Jordan, Petra reported.
du in talks on fixed-line services with regulator DUBAI - Emirates Integrated Telecommunications Co., known as Du, is in talks with the United Arab Emirates' telecoms regulator and competitor Emirates Telecommunications Corp., or Etisalat, about providing fixed-line services across the country.
Costs for developers in Dubai to rise NEW YORK - Dubai real-estate developers will be barred from using homebuyer deposits to guarantee loans for future projects, driving up development costs, lawyers said.
KKR Seeks Investments in Saudi Arabia DUBAI - KKR & Co., the leveraged buyout firm run by Henry Kravis and George Roberts, is studying possible investments in Saudi Arabia as it prepares to expand in the Middle East.
Dubai Islamic Bank pays Dh374.7m to Tamweel DUBAI - Dubai Islamic Bank PJSC paid Dh374.7 million ($102 million) to buy a controlling stake in Tamweel PJSC as the United Arab Emirates' biggest Islamic lender sought to boost mortgage financing in Dubai.
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