Edition:
India

Hadeel Al Sayegh

Banks scramble to re-pitch for Aramco IPO roles: sources

02 Jul 2019

LONDON/DUBAI Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021.

Etihad hires former Aer Lingus executive as new CFO

17 Jun 2019

DUBAI Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline said on Monday.

UPDATE 1-Goldman was top broker in Saudi market in May as foreign interest surged

10 Jun 2019

DUBAI, June 10 Goldman Sachs was the Saudi market's top broker by trading volumes and value in May, stock exchange data showed, as foreign banks benefited from a surge of international money into the kingdom.

Abu Dhabi's airports, ports and power firms moved to new holding company

29 May 2019

DUBAI/ABU DHABI, May 29 Abu Dhabi is creating a new holding company for seven state-owned firms with operations ranging from airports to power supply to make it easier for them to raise debt and improve services, three sources told Reuters.

Saudi Arabia's Napco National plans float, picks Saudi Fransi to advise-sources

27 May 2019

DUBAI/RIYADH, May 27 Saudi Arabia-based home disposables manufacturer Napco National is planning a potential public share sale and has hired the investment banking arm of Banque Saudi Fransi to advise on the deal, sources told Reuters.

Dubai's Emaar Properties hires advisors for sale of district cooling unit - sources

26 May 2019

DUBAI Dubai's Emaar Properties has hired advisors including Standard Chartered for the sale of its district cooling business, sources familiar with the situation told Reuters, as part of a broader plan to offload non-core activities.

UPDATE 2-Mall operator Arabian Centres shares drop below IPO price

22 May 2019

* Saudi Arabia's main index up more than 10 pct this year (Updates share price, adds CEO quotes, adds TV)

Appetite for Saudi Arabia tested by latest jumbo loan

21 May 2019

DUBAI Saudi Arabia's Public Investment Fund (PIF) has attracted only tepid interest in plans for its latest multibillion-dollar debt sale, banking sources say, suggesting the kingdom is losing its appeal for some lenders.

Oman hires banks for bond issue, deal could raise $2 billion – sources

20 May 2019

DUBAI, May 20 Oman has hired a group of international banks including HSBC and Standard Chartered for a planned bond issue which could go up to $2 billion in size, sources familiar with the matter said.

Exxon evacuates foreign staff from Iraqi oilfield

18 May 2019

BASRA, Iraq/DUBAI Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday.

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