Dubai Regulator In Contact With US Counterpart About Abraaj Case
Abraaj founder Arif Naqvi and former managing partner Mustafa Abdel-Wadood were arrested on US charges last week for all... Read more
Abu Dhabi's Privinvest Seeks Compensation From Mozambique Over Hidden Debts
Privinvest and its subsidiaries were the only suppliers for $2 billion of maritime projects for which Mozambique raised ... Read more
Kuwait's Jazeera Airways To Distribute $23m Dividend To Shareholders
With the 2018 dividend, the airline has returned a total of KD84 million in cash to shareholders in the last five years Read more
Saudi Aramco Unit Inks $1.25bn Deal For Hyundai Oilbank Stake
Saudi Aramco says that a subsidiary will buy a 17% stake in South Korea's Hyundai Oilbank Read more
UAE-based Faraj Fund To Help 100 Inmates During Ramadan
The fund has helped over 11,000 prisoners from over 50 countries since it was established in 2009 Read more
First Abu Dhabi Bank's Foreign-ownership Change Lifts Abu Dhabi Stocks
First Abu Dhabi Bank's raised cap for foreigners could trigger passive inflows of about $730 million from investors Read more
Dubai Islamic Bank On The Lookout For Potential Acquisitions
Dubai Islamic Bank was reported last month to be considering buying Noor Bank Read more
Former Abraaj Exec Held In Same New York Jail As Mexico's 'El Chapo' Guzman
Mustafa Abdel-Wadood was apprehended at a New York hotel last week Read more
Saudi Arabia's PIF Said To Seek Bridge Loan Of Up To $8bn
The Public Investment Fund is said to have begun talks with banks to raise a loan expected to be between $5bn and $8bn Read more
Lebanon Said To Plan $2bn Eurobond Issue
Lebanon is planning to cut its budget-deficit-to-GDP ratio from 11% to 9%, according to a top government economic advise... Read more
Dubai's Damac Secures $229m Financing For Luxury London Project
Three banks provide funds for Damac Tower at Nine Elms, the first in Europe to be designed in partnership with Versace H... Read more
Abraaj CEO Charged With Fraud In US After Dubai Firm's Collapse
Arif Naqvi, the founder and ex-CEO of Abraaj, was arrested Wednesday in the UK and is awaiting possible extradition to t... Read more
Uber Files Documents For IPO After Careem Deal
Uber's valuation in its latest private investment round was more than $70 billion Read more
Saudi Aramco's $12bn Bond Deal Fizzles As Sell-off Continues
Offering sinks for a second straight day, marking a quick sell-off that calls into question the depth of the deal's $100... Read more
Trendy Makeover For Saudi Arabia's Delayed Banking Hub
The King Abdullah Financial District is being revamped to blend business with residential and lifestyle destinations Read more