Investec Bank has signed a deal to purchase four A380 superjumbo jets operated by Emirates before leasing them back to the Dubai-based carrier. The London-based bank will pay a total of USD $1 billion for the double-decker aircrafts, two of which are new and owned by Emirates. Investec, which already finances single-aisle and smaller twin-aisle aircrafts, plans to own the A380s for 12 years before selling them on the secondary market.
UAE, South Korea formally sign CEPA agreement
The UAE and South Korea formally signed a Comprehensive Economic Partnership Agreement (CEPA) on Wednesday, aiming to expand trade and enhance cooperation in a wide array of areas from energy to supply chains.
UAE-Korea business forum shines spotlight on high-growth sectors
The UAE-Korea Business and Investment Forum was held in Seoul on Tuesday, on the sidelines of President His Highness Sheikh Mohamed bin Zayed Al Nahyan's official visit to South Korea.
Alef Education to raise up to $515 million in stock market float
Alef Education Holding plc has announced the price range for the sale of its shares and the start of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
UAE roads best in region, says World Economic Forum
The UAE ranked first among Arab countries and fifth globally for the quality of its roads, according to the Travel and Tourism Development Index 2024 issued by the World Economic Forum.
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