A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
“It’s fair to say that our expectation is that our companies will continue, appreciate in value, over the next several years, so why sell now?” Chief Investment Officer David Smoot said on the sidelines of an Abu Dhabi conference on private equity.
The private equity arm of Dubai Holding is undergoing a debt restructuring. He added that even 2011 would be too early to sell any European assets: “Now is not the right time,” he said.
DIC’s assets include UK hotel chain Travelodge, Doncasters and European aluminium maker Almatis Holdings BV. “We see 2011 as a time when we will return to growth,” Smoot said.
Meanwhile, Bloomberg newswire quoted him as saying that Dubai International Capital LLC plans to restructure its business by the end of the year. “Our goal is to be out of the restructuring business by the end of the year and back into the growth phase,” Smoot said. — haseeb@khaleejtimes.com
A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
Authority said the exercise will involve movement of military vehicles and urged residents to stay away from designated areas
'I am proud of you. This is going to be historic,' the former first lady told Harris in a live video call
The application will be operational from Thursday, August 1
Prices for affordable apartments in popular areas have witnessed a rise of up to eight per cent compared to the second half of 2023
Residents have been warned not to approach the area
The number of arrests in days of violence in the country passed the 2,500 mark in an AFP tally
This new store in Fujairah is the second of its kind in the UAE, following the successful launch of the small store concept in Al Wahda Mall in 2020