United Arab Emirates

Serbia to borrow $1 billion from the United Arab Emirates

BELGRADE - The Serbian government intends to ask the Fund for the development of Abu Dhabi for a loan of about a 1 billion US dollars for budget support, with an interest rate of 2.25 percent per year.

The maturity period of the loan is 10 years, including a grace period of five years, while the repayment period is five years.

Dubai starts building the tallest tower in the world

Dubai said on Monday that it had started building what would be the world’s tallest tower, another record for the city that is already home to the highest skyscraper – the Burj Khalifa.The Tower at Dubai Creek Harbour – a joint venture between Emaar Properties and Dubai Holding, the investment vehicle of the emirate’s ruler, Sheikh Mohammed bin Rashid al-Maktoum – will be completed in 2020, Dub

Bulgaria, Takes Steps to Boost Contacts with UAE in Economy, Trade

A draft agreement with the United Arab Emirates has been approved that allow for for economic and technical cooperation as a basis for future negotiations, the Bulgarian cabinet has said.

Under the document adopted Tuesday, the countries will work to promote the role of small and medium enterprises in economic relations.

Canadian Tycoon Sells Montenegrin Superyacht Marina

The management of Porto Montenegro and the Investment Corporation of Dubai, ICD, which is controlled by the Emirati government, are expected to officially announce the unexpected sale of the superyacht marina on Friday.

Adriatic Marines, which manages the marina, would not comment on the sale, which has been widely rumoured over the past two days in the Montenegrin media.