Edition:
India

Saeed Azhar

Abu Dhabi's Mubadala in talks on $1 billion stake in Reliance's Jio Platforms: sources

28 May 2020

NEW DELHI/DUBAI/HONG KONG Abu Dhabi state fund Mubadala is in talks with Reliance Industries about investing around $1 billion in the Indian conglomerate's Jio platforms, three sources told Reuters.

NMC founder owes over $250 million to Bank of Baroda - court document

19 May 2020

DUBAI/MUMBAI Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his companies and an Indian court has barred him and his wife from selling or transferring some properties while it hears the case, a court document showed.

Airport services company dnata turns to layoffs and unpaid leave - sources

18 May 2020

DUBAI Emirates Group's airport services subsidiary dnata is laying off some employees and has placed thousands of others on unpaid leave after a large drop in business during the coronavirus pandemic, industry and company sources said.

First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold: sources

17 May 2020

DUBAI First Abu Dhabi Bank (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon's Bank Audi due to difficult market conditions, two sources told Reuters.

First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold -sources

17 May 2020

DUBAI, May 17 First Abu Dhabi Bank (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon's Bank Audi due to difficult market conditions, two sources told Reuters. FAB, the United Arab Emirates' biggest lender, communicated the request a few days ago to Bank Audi, sources with direct knowledge of the matter told Reuters, declining to be identified due to commercial sensitivities.

Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook

16 May 2020

DUBAI/BENGALURU Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly $10 billion in U.S.-listed stocks.

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.

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