Edition:
United Kingdom

Stanley Carvalho

UAE, keen to maintain safe-haven image, tempers tanker attack response

17 May 2019

DUBAI The United Arab Emirates, though a prominent foe of Iran in the Middle East's power struggles, has tempered its reaction to attacks on oil tankers off its coast in an effort to protect its reputation as a safe and stable business hub.

UAE's Finablr cuts IPO price in volatile markets

14 May 2019

ABU DHABI/LONDON United Arab Emirates-based Finablr had to cut the price on its initial public offering as the payments and foreign exchange company faced weak investor demand in jittery markets which also rocked ride-hailing app Uber's Wall Street debut.

REFILE-UAE's Aldar Properties Q1 profit drops, plans $749 mln capex in 2019

14 May 2019

ABU DHABI,May 14 Aldar Properties, the largest property developer in Abu Dhabi, plans capital expenditure of 2.75 billion dirhams ($749 million) in 2019, its chief financial officer said after the company reported a 17.3% drop in first-quarter profit.

UAE's Utico submits binding offer to invest in Singapore's Hyflux: CEO

13 May 2019

ABU DHABI Utico FZC has submitted a binding offer to invest S$400 million ($294 million) in Singapore's indebted water treatment firm Hyflux Ltd, the chief executive of the United Arab Emirates-based utility said on Sunday.

Etihad submits bid for India's Jet, eyes minority stake

10 May 2019

ABU DHABI/MUMBAI/NEW DELHI Middle Eastern carrier Etihad Airways has submitted a bid for a stake in India's Jet Airways, the unit of State Bank of India (SBI) overseeing the sale of the stricken airline said on Friday.

Etihad interested in re-investing in India's Jet subject to conditions

10 May 2019

ABU DHABI Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday.

RPT-Australia's Macquarie Capital downsizes in the Gulf -sources

09 May 2019

ABU DHABI/SYDNEY, May 9 Macquarie is scaling back in the Middle East by downsizing its operations in the United Arab Emirates, three sources familiar with the matter said and is giving up an operating licence in Saudi Arabia.

Australia's Macquarie Capital downsizes in the Gulf: sources

08 May 2019

ABU DHABI/SYDNEY Macquarie is scaling back in the Middle East by downsizing its operations in the United Arab Emirates, three sources familiar with the matter said and is giving up an operating license in Saudi Arabia.

Australia's Macquarie Capital downsizes in the Gulf -sources

08 May 2019

ABU DHABI/SYDNEY, May 8 Macquarie is scaling back in the Middle East by downsizing its operations in the United Arab Emirates, three sources familiar with the matter said and is giving up an operating licence in Saudi Arabia.

Abu Dhabi's Gulf Capital, Waha Capital hold merger talks: sources

08 May 2019

DUBAI/ABU DHABI Abu Dhabi investment firms Gulf Capital and Waha Capital have held exploratory discussions regarding a merger, three sources familiar with the matter told Reuters.

World News