south asia
The Rise And Fall Of Dubai's Abraaj Group
Middle East Business News - Published date: .
They were managing $14bn in assets but the star players behind The Abraaj Group, Arif Naqvi and Mustafa Abdel-Wadood, ar... Read more
Third Senior Abraaj Executive Said To Have Been Arrested
Middle East Business News - Published date: .
Sev Vettivetpillai, a former Abraaj managing partner, has reportedly been arrested for extradition to the US and is due ... Read more
Kuwait-backed Firm Buys 50% Stake In UK Shopping Mall
Middle East Business News - Published date: .
Cale Street Investments, a firm backed by the Kuwait Investment Office, has announced a 50/50 joint venture for the Intu... Read more
Saudi Mining Giant Says To Make First International Acquisition
Middle East Business News - Published date: .
Ma'aden says deal for an 85% stake in the Mauritius-based Meridian Group is due to be completed by September Read more
Bahrain's Investcorp Inks Commercial Property Deal In Frankfurt
Middle East Business News - Published date: .
The acquisition is Investcorp's third real estate investment in Germany in the past 12 months Read more
Mohamed Salah Calls For Change In Treatment Of Women In Muslim World
Sports and Eneterainment - Published date: .
Egyptian football star Mohamed Salah said while his attitudes towards gender equality had evolved over the years, he wan... Read more
Emirates NBD Sees UAE Rate Climb Reversing On Tax Giveaway
Middle East Business News - Published date: .
The government probably held as much as $11bn in bank deposits following the introduction of a 5% value-added tax in ear... Read more
Finablr's $200m IPO To Be Completed By Mid-May
Middle East Business News - Published date: .
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more
Dubai's Emirates NBD CFO Subramanian To Leave After 9 Years
Middle East Business News - Published date: .
Surya Subramanian expressed a 'desire to return to Singapore to pursue family interests' Read more
Dubai's Emirates NBD Reports Increased Profits On Loan Growth, Forex
Middle East Business News - Published date: .
Emirates NBD said economic activity in 2019 to be underpinned by higher oil production as well as increased government s... Read more
Dubai's Biggest Bank Celebrates Listing Of $1bn Bond
Middle East Business News - Published date: .
Senior banker rings the market-opening bell at Nasdaq Dubai to celebrate the listing of a $1bn conventional bond Read more
Dubai Regulator In Contact With US Counterpart About Abraaj Case
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
The fund has helped over 11,000 prisoners from over 50 countries since it was established in 2009 Read more
Tiger Woods' Masters Win A Major Boost For The Brands Still With Him
Sports and Eneterainment - Published date: .
Tiger Woods generated more than $23.6m in exposure for various corporate partners during the final-round telecast, when ... Read more
Dubai's W Motors May Launch Own Formula E Team By 2020
Sports and Eneterainment - Published date: .
W Motors CEO Ralph Debbas said Formula E is 'more exciting' than 'monotonous' Formula 1 Read more
First Abu Dhabi Bank's Foreign-ownership Change Lifts Abu Dhabi Stocks
Middle East Business News - Published date: .
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
Middle East Business News - Published date: .
Dubai Islamic Bank was reported last month to be considering buying Noor Bank Read more