Edition:
India

Davide Barbuscia

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

29 May 2020

LONDON/DUBAI Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over $10 billion, two sources told Reuters.

UPDATE 4-Egypt sells $5 billion in three tranches of bonds - document

21 May 2020

DUBAI, May 21 Egypt sold $5 billion in bonds in three tranches on Thursday with maturities of four, 12 and 30 years, a document showed, as the country grapples with the economic fall-out of the novel coronavirus.

Exclusive: Etihad bondholders put airline on notice with debt revamp - sources

21 May 2020

DUBAI Owners of $1.2 billion in debt issued by Etihad and other airlines it partly owned have given the struggling Abu Dhabi carrier an ultimatum to agree to a restructuring or potentially face legal action, two sources close to the situation said.

UPDATE 3-Abu Dhabi sells $3 billion in bonds with April re-opening

19 May 2020

DUBAI, May 19 Abu Dhabi sold $3 billion in bonds on Tuesday with a tap of dollar bonds issued last month, a document showed, as governments in the Gulf seek extra cash amid the coronavirus pandemic and a slump in oil prices.

Exclusive: Abu Dhabi in talks with Dubai for support through state fund Mubadala - sources

16 May 2020

DUBAI/LONDON The governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai's economy by linking up assets in the two emirates, with Abu Dhabi's state fund Mubadala likely to play a key role in any deal, three sources familiar with the matter said.

EXCLUSIVE-Abu Dhabi in talks with Dubai for support through state fund Mubadala - sources

15 May 2020

DUBAI/LONDON, May 15 The governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai's economy by linking up assets in the two emirates, with Abu Dhabi's state fund Mubadala likely to play a key role in any deal, three sources familiar with the matter said.

Ashmore shows interest in deal to run NMC hospitals - sources

15 May 2020

DUBAI Emerging markets-focused investment manager Ashmore Group has shown interest in a contract to operate troubled NMC Health's chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters.

UPDATE 1-Ashmore shows interest in deal to run NMC hospitals - sources

15 May 2020

DUBAI, May 15 Emerging markets-focused investment manager Ashmore Group has shown interest in a contract to operate troubled NMC Health's chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters.

Iran risks political backlash by riding stock market rally

14 May 2020

DUBAI Iran is taking advantage of a stock market boom to boost state revenues by selling stakes in state companies, but risks political repercussions if those buying shares get burned.

Exclusive: Saudi Binladin seeks adviser for financial overhaul of Mecca complex

14 May 2020

DUBAI Binladin International Holding Group, Saudi Arabia's biggest construction company, is seeking an adviser to cut costs as well as restructure the debt of a Mecca skyscraper complex, sources familiar with the matter said and a document showed.

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