Edition:
United Kingdom

Stanley Carvalho

Abu Dhabi's Al Hilal Bank cuts 160 jobs ahead of three-way merger -sources

24 Mar 2019

DUBAI/ABU DHABI, March 24 Abu Dhabi's Al Hilal Bank has made about 160 people redundant ahead of a three-way merger with Abu Dhabi Commercial Bank and Union National Bank,, three sources familiar with the matter told Reuters.

Abu Dhabi aims to lure start-ups with investment in new technology hub

24 Mar 2019

ABU DHABI Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy.

Abu Dhabi aims to lure start-ups with investment in new technology hub

24 Mar 2019

ABU DHABI, March 24 Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy.

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

14 Mar 2019

DUBAI/ABU DHABI Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

14 Mar 2019

DUBAI/ABU DHABI, March 14 Abu Dhabi state investor Mubadala has suspended any new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

Exclusive: Carlyle in final talks to clinch $3.4 billion deal for Cepsa stake - sources

05 Mar 2019

MADRID/LONDON/ABU DHABI Private equity firm Carlyle Group is ahead of other contenders to buy a 30 percent stake in Spain's Cepsa for up to 3 billion euros (2.6 billion pounds), just four months after owner Mubadala shelved a listing of the energy company, three sources familiar with the matter told Reuters.

Jet Airways founder agrees to step down, sources say; shares rise

01 Mar 2019

NEW DELHI Jet Airways' founder Naresh Goyal has agreed to step down as chairman of the airline's board, two sources with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped Indian carrier struggles to finalize a rescue deal.

UPDATE 1-Emirates Steel expects 2019 slowdown in regional construction

26 Feb 2019

ABU DHABI, Feb 26 Emirates Steel, the largest steel producer in the United Arab Emirates, expects a slowdown in regional construction in 2019 and rising iron ore prices, its chief executive said on Tuesday.

UAE's ADNOC seals $4 billion pipeline infrastructure deal with KKR, BlackRock

24 Feb 2019

ABU DHABI Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company said on Sunday.

UAE signs $5.5 billion in military contracts as Yemen war heightens scrutiny

21 Feb 2019

ABU DHABI The United Arab Emirates awarded 20 billion dirhams worth ($5.5 billion) of military procurement contracts during a defense show this week, at a time when arms sales to the country are under scrutiny due to its role in Yemen's devastating war.

World News