Edition:
United Kingdom

Stanley Carvalho

UAE’s Emirates Steel refinances $650 million of debt with new loan, sukuk – sources

11 Dec 2018

ABU DHABI, Dec 11 Emirates Steel, the largest steel producer in the United Arab Emirates, has refinanced $650 million of debt with a new loan and sukuk or Islamic bond, sources close to the transaction told Reuters.

Abu Dhabi meets bond investors in non-deal roadshow, sources say

06 Dec 2018

ABU DHABI/DUBAI, Dec 6 Abu Dhabi held meetings with international bond investors in a so-called non-deal roadshow before a potential bond issue next year, sources familiar with the matter said, as a recent drop in oil prices might prompt Gulf countries to borrow soon.

Etihad in rescue talks with bankers for India's Jet Airways: sources

05 Dec 2018

NEW DELHI/ABU DHABI Jet Airways Ltd and second-largest shareholder Etihad Airways have been holding rescue talks with bankers of the indebted Indian carrier, three people aware of the matter told Reuters on Wednesday.

Italy's drone ambitions crash-land as Piaggio Aero loses only client

30 Nov 2018

MILAN/ABU DHABI Europe's only commercial maker of military drones, Italy-based Piaggio Aerospace, has lost its sole customer after going into bankruptcy in a setback for Italian ambitions to challenge U.S. and Israeli firms in a fast growing industry.

UAE’s rail project back on track with financing sealed

27 Nov 2018

ABU DHABI Etihad Rail, the developer and operator of the United Arab Emirates’ national rail network, said on Tuesday the government has agreed financing for phase two of the project which was put on hold in 2016.

UAE frees Briton sentenced to life as spy after pardon

26 Nov 2018

ABU DHABI/DUBAI The United Arab Emirates on Monday pardoned and released a British academic jailed for life on spying charges, granting a request for clemency after showing a video of him purportedly confessing to membership of the UK's MI6 intelligence service. | Video

Aston Martin to more than double production by 2025: CEO

25 Nov 2018

ABU DHABI Luxury carmaker Aston Martin , has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive said on Sunday.

Aston Martin cancelled engine plans after F1 change of mind

25 Nov 2018

ABU DHABI Aston Martin lost interest in making a Formula One engine after the sport changed its mind about new rules from 2021, chief executive Andy Palmer said on Sunday.

UAE lender UNB hires JPMorgan for merger talks: sources

25 Nov 2018

ABU DHABI/DUBAI Abu Dhabi lender Union National Bank (UNB) has hired JPMorgan to advise on its merger talks with Abu Dhabi Commercial Bank (ADCB) , three sources familiar with the move said.

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