Companies


CFO Says He Left Dubai-based Private Equity Firm Abraaj

Middle East Business News - Published date: .

Two other executives also preparing to leave - sources Read more

Indias Telco, Aircel, Files For Bankruptcy Cover Over $7.7b Dues

Middle East Business News - Published date: .

Mobile carrier Aircel Ltd owes about Rs150 billion to secured financial creditors and the rest to operational unsecured ... Read more

Abu Dhabi Development Holding Company Declared A Public Shareholding Company.

Middle East Business News - Published date: .

The company will be tasked with following up and guiding service development companies in Abu Dhabi Read more

Audit Conference To Focus On Digitisation Challenges

Middle East Business News - Published date: .

Event to be held in Middle East for first time in May Read more

Geely Chairman Not Planning More Automotive Deals — Bild Am Sonntag

Middle East Business News - Published date: .

Li has led a major acquisition push globally since 2010, when he took over Swedish car brand Volvo from Ford Motor Co in... Read more

EU Aims To Tax Internet Giants At Two To Six Per Cent: France

Middle East Business News - Published date: .

The European Commission has said it will present by end March an overhaul of its tax rules Read more

Enoc Awards Contract For New Fuel Pipeline

Middle East Business News - Published date: .

Pipeline to link Enoc terminals with Al Maktoum International Airport Read more

Jumeirah To Operate Al Wathba Desert Resort

Middle East Business News - Published date: .

Partners with the Abu Dhabi United Hospitality to develop the luxury destination Read more

On Guns, Businesses Bite The Bullet Before The Politicians

Middle East Business News - Published date: .

Still, business leaders are not exactly leading the charge for stricter gun laws Read more

UPS Sues EU For $2.1b After Botched Veto Of TNT Bid

Middle East Business News - Published date: .

UPS is asking the EU’s General Court to award it compensation plus interest and taxes it would pay on any windfall pay... Read more

General Electric Revamps Board As CEO Asks Investors To Look Past Troubles

Middle East Business News - Published date: .

GE is rethinking its structure, cutting costs and enhancing management accountability Read more

Saudi Arabia Prepares To Auction Detained Billionaires Real Estate, Cars — Sources

Middle East Business News - Published date: .

Saad Group defaulted on debts in 2009 Read more

Apollos Dubai Partnership For Middle East Deals Is Said To End

Middle East Business News - Published date: .

US-based Apollo is ending its venture with Frontier Management Group, which looked to source regional deals for the US f... Read more

Adnoc Distribution Reports Dh1.8b In Profit In 2017

Middle East Business News - Published date: .

Company in strong showing as it releases its fourth-quarter and full-year results Read more

LG Focuses On AI Rather Than Flagship Launch

Middle East Business News - Published date: .

V30S is an upgraded version of last year’s model Read more

Bahrains Alba On Track To Complete Debt Financing For Smelter Expansion -official

Middle East Business News - Published date: .

With Line 6, Alba will become the world’s largest single aluminium smelter complex Read more

Regus Opens New Business Centre At World Trade Centre

Middle East Business News - Published date: .

The company says it’s the first business centre to cater to offshore and onshore firms Read more

Abraajs Naqvi Cedes Control Of Funds Division In Reshuffle

Middle East Business News - Published date: .

Naqvi, 57, will remain CEO of Abraaj Holdings and retain a non-executive role on the fund division’s investment commit... Read more

New US Tax Law Brings Buffetts Firm $29b

Middle East Business News - Published date: .

The new law, greatly touted by President Donald Trump, lowered the tax rate paid by US corporations from 35% to 21% Read more

Dubai Islamic Bank Boosts Emirate's Sukuk Listings To Over $53bn

Middle East Business News - Published date: .

Largest Islamic bank in the UAE celebrates the listing of a $1bn sukuk on Nasdaq Dubai Read more