Edition:
United Kingdom

Hadeel Al Sayegh

Dubai's Arabtec hires Moelis for debt restructuring: sources

01 Nov 2018

DUBAI Dubai's Arabtec Holding has hired New York-based investment bank Moelis & Co to work on a new debt-restructuring plan for the construction company, three sources told Reuters.

Dubai theme park operator working with Moelis & Co on debt restructuring: sources

01 Nov 2018

DUBAI Ilyas & Mustafa Galadari Group (IMG), the Dubai-based operator of the world's largest indoor theme park, has hired Moelis & Co to advise it on a debt-restructuring, four banking sources told Reuters.

RPT-Abu Dhabi National Hotels in talks to buy Emaar's hotel assets -sources

01 Nov 2018

DUBAI, Oct 31 Abu Dhabi National Hotels (ADNH) is in talks to buy some hotel buildings from Dubai's Emaar Properties, two sources familiar with the matter said, as Emaar increasingly focuses on its core businesses.

Abu Dhabi National Hotels in talks to buy Emaar's hotel assets -sources

31 Oct 2018

DUBAI, Oct 31 Abu Dhabi National Hotels (ADNH) is in talks to buy some hotel buildings from Dubai's Emaar Properties, two sources familiar with the matter said, as Emaar increasingly focuses on its core businesses.

Kuwait bourse seeks to create VC platform to finance startups-CEO

31 Oct 2018

* CEO expects liquidity to grow by 10 to 15 percent next year

Qatar's Doha Bank cuts UAE exposure with asset swaps -sources

29 Oct 2018

DUBAI/ABU DHABI, Oct 29 Qatar's Doha Bank has cut its exposure to the United Arab Emirates though an asset swap with UAE banks amid strained relations between the two countries, four sources said.

First Abu Dhabi Bank to start commercial banking in Saudi this year

22 Oct 2018

DUBAI First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates by assets, said on Monday it will launch commercial banking operations in Saudi Arabia by the end of this year.

Saudi conference boycott over Khashoggi shows political threat to economy

20 Oct 2018

DUBAI A Western boycott of a major business conference in Riyadh next week suggests rising political risks in Saudi Arabia could harm its ambitions to attract foreign capital and diversify its economy away from oil.

MIDEAST STOCKS-Saudi stocks fall amid investor concerns over Khashoggi fallout

14 Oct 2018

DUBAI, Oct 14 Saudi Arabia's shares plunged as much as 7 percent on Sunday as investors worried about deteriorating relations with the international community after the disappearance of Saudi journalist Jamal Khashoggi.

Moelis' advisory mandate on ADNOC business review ends this year: sources

10 Oct 2018

DUBAI U.S. investment bank Moelis' mandate to advise the Abu Dhabi National Oil Company (ADNOC) on strategy and investment opportunities across the oil giant's businesses will end this year, sources familiar with the matter said.

World News