Tag: UAE
Emirates NBD May Save Up to $700 Million in Turkey Deal
(Bloomberg) -- Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and...
Gulf Capital JV in Talks to Sell Abu Dhabi Mall to Mubadala
(Bloomberg) -- Abu Dhabi-based private equity firm Gulf Capital PJSC is in talks to sell a mall to Mubadala Investment Co. and is raising a...
Abu Dhabi Partners With Microsoft, SoftBank to Start Tech Hub
(Bloomberg) -- Abu Dhabi is teaming up with companies such as Microsoft Corp. and SoftBank Group Corp. to open a technology startup center as the...
Shuaa in Talks With Abu Dhabi Firm Amid Gulf Merger Wave
(Bloomberg) -- Dubai’s Shuaa Capital started talks for a potential combination with an Abu Dhabi entity, joining a stream of mergers in the Gulf’s...
GEMS Is Said to Bid for Top Saudi School Chain
(Bloomberg) -- GEMS Education, the Dubai-based school operator backed by Blackstone Group LP, is in advanced talks to invest in Saudi Arabia’s Maarif for...
Abu Dhabi Is Said to Revive Sale of 1MDB Tarnished Falcon Assets
(Bloomberg) -- Abu Dhabi’s Mubadala Development Co. is reviving plans to sell Falcon Private Bank in Switzerland as it seeks to distance itself from the...
UAE Plans to Ease Citizens’ Debt Burden as Economy Slows
The United Arab Emirates started a program that aims to reduce the debt burden of its citizens as the oil-rich Gulf country grapples with...
Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal
An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from...
Dubai’s IMG Said to Weigh Sale of Largest Indoor Theme Park
The owner of the world’s largest indoor theme park in Dubai is exploring options for the business, including a possible sale, according to people...
What are Analysts saying about Dubai’s Aramex?
(Bloomberg) -- Aramex gained the most in more than four years after a unit of Australian Postal Corp. sold its stake in Middle Eastern...