Edition:
India

Saeed Azhar

Nvidia deal for Arm will drive computing power growth -SoftBank's Son

22 Oct 2020

TOKYO/DUBAI SoftBank Group Corp CEO Masayoshi Son said on Thursday the sale of chip designer Arm to Nvidia Corp will drive growth in computing power, in his first public comments since the $40 billion deal was announced in September.

Emirates NBD third-quarter profit dives 69% as COVID-19 lifts bad debt charges

20 Oct 2020

DUBAI Dubai's biggest bank Emirates NBD posted on Tuesday a 69% slump in quarterly profit, as bad debt charges rose due to the COVID-19 crisis, while earnings suffered in comparison with last year, when they were swelled by an asset sale.

Oman, in talks for Gulf aid, plans three-part bond sale

19 Oct 2020

DUBAI Oman is planning its first international bond sale of the year and has started discussions with some Gulf countries for financial support, documents showed on Monday, as it seeks to shore up its fragile finances.

Businessman Shetty seeks India probe of NMC, Finablr ex-CEOs over $6 billion scandal

12 Oct 2020

MUMBAI/DUBAI Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group.

Exclusive: Saudi PIF in talks to buy stake in UAE supermarket chain Lulu - sources

07 Oct 2020

DUBAI Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early discussions to buy a stake in supermarket chain Lulu Group International, two sources familiar with the matter told Reuters.

Exclusive: Saudi PIF in talks to buy stake in UAE supermarket chain Lulu - sources

07 Oct 2020

DUBAI Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early discussions to buy a stake in supermarket chain Lulu Group International, two sources familiar with the matter told Reuters.

Oman to target $3-$4 billion with upcoming bond sale - sources

22 Sep 2020

DUBAI, Sept 22 Oman plans to issue U.S. dollar-denominated bonds soon, targeting $3 billion to $4 billion with the deal, two sources said, as the Gulf state seeks to bolster finances badly hit by a slump in oil prices.

Indian court issues second arrest warrant for GP Global bunker tanker - document

16 Sep 2020

SINGAPORE/MUMBAI/DUBAI An Indian court has issued a second arrest warrant for a marine refuelling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager, court documents showed.

Exclusive: Saudi Arabia's STC asks banks to pitch for subsidiary IPO: sources

15 Sep 2020

DUBAI Saudi Telecom Co (STC) has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters.

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