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Posts filtered by tags: Abu Dhabi[x]


 

EIG-led consortium closes $12.4 bln Aramco pipelines deal | Reuters

EIG-led consortium closes $12.4 bln Aramco pipelines deal | Reuters U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's (2222.SE) pipelines business for $12.4 billion.EIG said the co-investment process for the deal attracted a global group of investors from China, Saudi Arabia, Korea, the United Arab Emirates and the United States.It included Abu Dhabi's Mubadala Investment Company, Silk Road Fund, Hassana and Sam...
Tags: Travel, United States, United Arab Emirates, Abu Dhabi, Reuters, Aramco, Reuters U S, EIG, Rupert Neil Bumfrey, EIG Global Energy Partners, China Saudi Arabia Korea, Mubadala Investment Company Silk Road Fund Hassana, Samsung Asset Management


Creditors to Sell $463 Million of Air Berlin and Alitalia Claims - Bloomberg

Creditors to Sell $463 Million of Air Berlin and Alitalia Claims - Bloomberg A group of creditors that bought Etihad Airways PJSC-linked bonds are preparing to auction $463 million of claims against insolvent airlines Alitalia and Air Berlin to recover some of their investment.The trustee of bonds issued by EA Partners I and II -- two special purpose entities set up by the Abu Dhabi-based carrier -- hired Barclays Bank Plc to arrange the sale, according to a statement. Potential buyers will be...
Tags: Travel, India, Abu Dhabi, Etihad, Alitalia, Jet Airways, Goldman Sachs Group Inc, Barclays Bank PLC, Air Berlin, Air Seychelles, Rupert Neil Bumfrey, Etihad Airways PJSC, Lars Windhorst, EA Partners, Alitalia Claims Bloomberg, Air Berlin Alitalia


Bahrain's Batelco Telecom Considers #Saudi Dual Listing - Bloomberg

Bahrain's Batelco Telecom Considers Saudi Dual Listing - Bloomberg Bahrain’s biggest telecommunications firm is planning to become the first company to have a dual listing of shares on Saudi Arabia’s stock exchange, according to people familiar with the matter.Bahrain Telecommunications Co., also known as Batelco, has hired the investment arm of Samba Financial Group as an adviser on the deal, the people said, asking not to be identified as the information is private. No decision has been made...
Tags: Travel, Saudi Arabia, Bloomberg, Dubai, Abu Dhabi, Bahrain, Gulf, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Samba Financial Group, Khalid Al Hussan, Samba Capital, Batelco, Batelco Telecom, Bloomberg Bahrain, Bahrain Telecommunications Co


MIDEAST STOCKS #Dubai bourse gains, major Gulf markets fall | Reuters

MIDEAST STOCKS Dubai bourse gains, major Gulf markets fall | Reuters Most major stock markets in the Gulf ended lower on Thursday, although the Dubai index was boosted by gains in financial shares.Dubai's main share index (.DMFGI) finished 0.8% higher, buoyed by a 1.8% rise in Emirates NBD Bank (ENBD.DU) and a 0.8% increase in sharia-compliant lender Dubai Islamic Bank (DISB.DU).The United Arab Emirates (UAE) central bank raised its key overnight interest rate by 5 basis points on Thursday...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Uae, Gulf, Reuters, U S Federal Reserve, United Arab Emirates UAE, Qatar National Bank, Tasi, Rupert Neil Bumfrey, ADCB, Gulf Egypt, First Abu Dhabi Bank, Bank of America Securities


MIDEAST STOCKS Major Gulf indexes mixed, #Saudi market gains | Reuters

MIDEAST STOCKS Major Gulf indexes mixed, Saudi market gains | Reuters Major Gulf stock markets were mixed in early trade on Thursday with the Saudi index supported by gains in financial shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 0.2% gain in Al Rajhi Bank (1120.SE) and 0.8% rise in Riyad Bank (1010.SE).Goldman Sachs raised its expectations for Saudi Arabian growth this year and in 2022 amid rising oil prices and an increase in oil output by the kingdom.Dubai's mai...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Commercial Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Al Rajhi Bank, Qatar National Bank QNBK, Abu Dhabi Commercial Bank ADCB ADCB, Dubai Investments DINV


MIDEAST STOCKS Most major Gulf bourses in red; financials aid #Saudi | Reuters

MIDEAST STOCKS Most major Gulf bourses in red; financials aid Saudi | Reuters Most major stock markets in the Gulf ended lower on Wednesday, with the Dubai index leading the losses, while financial shares bolstered the Saudi bourse.Dubai's main share index (.DFMGI) declined 1%, with sharia-compliant lender Dubai Islamic Bank (DISB.DU) and blue-chip developer Emaar Properties (EMAR.DU) both losing 1.4%.Elsewhere, DAMAC Properties (DAMAC.DU) retreated 1.5%.Last week, United Arab Emirates prop...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Riyad Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Hussain Sajwani, Gulf Egypt, DFMGI


ADCB Investor Seeks to Exit Lender With $300 Million Share Sale - Bloomberg

An investor in Abu Dhabi’s second-biggest bank is seeking to exit the lender by selling shares worth as much as $304 million.The accelerated book-build offering of 164 million shares in Abu Dhabi Commercial Bank PJSC has indicative interest in excess of the size of the deal, according to terms. The seller wasn’t identified in the termsheet.The shares are being offered at a discount of as much as 8.3% to Wednesday closing price.Details: Share on offer: 164m shares Price range: 6.5 dirhams to 6.8...
Tags: Travel, Abu Dhabi, Rupert Neil Bumfrey, ADCB, Abu Dhabi Investment Council, Abu Dhabi Commercial Bank PJSC


#AbuDhabi's ADQ invests in Indian learning startup Byju's -exec | Reuters

Abu Dhabi's ADQ invests in Indian learning startup Byju's -exec | Reuters Abu Dhabi's state holding company ADQ has invested in India's online tutoring firm Byju's, which has emerged as one of the country's most valuable startups."We met Byju in 2020 and were floored by his story. Honored to now be a part of it!," said Mayank Singhal, head of venture capital and technology at ADQ said in a Linkedin post.ADQ has not commented on how much it has invested in the startup. Byju's declined to commen...
Tags: Travel, India, Linkedin, Abu Dhabi, Reuters, Reuters Abu Dhabi, Rupert Neil Bumfrey, Byju, India s Economic Times, Mayank Singhal, ADQ


Air Arabia #AbuDhabi to grow fleet to 20 jets by 2025, CEO says | The National

Air Arabia Abu Dhabi to grow fleet to 20 jets by 2025, CEO says | The National Air Arabia Abu Dhabi plans to expand its fleet to 20 Airbus aircraft over the next five years amid optimism about future growth once air travel restrictions ease, its group chief executive said.The airline, which currently operates three Airbus A320s in the UAE capital, also expects annual passenger traffic to initially grow 20 to 25 per cent over the same period, Adel Ali told The National on Tuesday."With the cave...
Tags: Travel, Airbus, Abu Dhabi, Etihad, Uae, Ali, Alexandria, The National, Etihad Airways, Air Arabia, Rupert Neil Bumfrey, Adel Ali, Air Arabia Abu Dhabi, National Air Arabia Abu Dhabi, Abu Dhabi International Airport The UAE


Mubadala Health takes 60% stake in UEMedical in push for regional expansion | The National

Mubadala Health takes 60% stake in UEMedical in push for regional expansion | The National Mubadala Health, the healthcare unit of Abu Dhabi’s sovereign investment fund Mubadala Investment Company, is acquiring a majority stake in United Eastern Medical Services (UEMedical), as it expands its portfolio of healthcare assets beyond the UAE.The 60 per cent stake bought from Saudi Arabia’s Jadwa Investment and UAE-based United Eastern Group will add multiple hospitals and clinics that are owned an...
Tags: Travel, Saudi Arabia, GCC, Abu Dhabi, Uae, Rupert Neil Bumfrey, Mubadala Investment Company, Jadwa Investment, United Eastern Medical Services, Mubadala Health, National Mubadala Health, United Eastern Group, Hasan Jasem Al Nowais, Moorfields Eye Hospital Abu Dhabi, Al Meswak Dental Group


Mideast Stocks: Major Gulf bourses subdued in early trade | ZAWYA MENA Edition

Mideast Stocks: Major Gulf bourses subdued in early trade | ZAWYA MENA Edition Major stock markets in the Gulf were in negative territory early on Wednesday, with property shares weighing on the Dubai index.Dubai's main share index lost 0.5%, with blue-chip developer Emaar Properties dropping 1% and DAMAC Properties falling 0.8%.Last week, United Arab Emirates property tycoon Hussain Sajwani made an offer to buy out minority shareholders in DAMAC, which he has run for nearly two decades. The a...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Hussain Sajwani, Masraf Al Rayan, Major Gulf, Qatar Financial Markets Authority, Sulaiman Al Habib Medical Services, First Abu Dhabi Bank Abu Dhabi


DP World Said to Weigh Sale of Stake in Jebel Ali Free Zone - Bloomberg

DP World Said to Weigh Sale of Stake in Jebel Ali Free Zone - Bloomberg DP World is considering offering international investors a chance to buy into the Jebel Ali Free Zone, a prized asset that helped transform Dubai into a hub of global trade, as it looks for ways to cut its debt pile.The Dubai-based port operator is working with advisers to gauge interest in the sprawling industrial park, according to people familiar with the matter. DP World is considering options including selling a stake...
Tags: Travel, Europe, London, Saudi Arabia, Chile, Dubai, Abu Dhabi, State, Antwerp, DP World, Chen, Bloomberg Intelligence, Rupert Neil Bumfrey, Jebel Ali Free Zone, Sharon Chen, Puertos y Logistica


MIDEAST STOCKS Major stock markets in the Gulf end mixed | Reuters

MIDEAST STOCKS Major stock markets in the Gulf end mixed | Reuters Major stock markets in the Gulf ended mixed on Tuesday, with financial shares weighing on the Saudi index and property stocks bolstering Dubai.Saudi Arabia's benchmark index (.TASI) dropped 0.8%, weighed down by a 2.1% decline in Al Rajhi Bank (1120.SE) and a 2.3% slide in Saudi Telecom Company (7010.SE).The kingdom's inflation rate rose for the second consecutive month in May, climbing to 5.7% from 5.3% in April, again refl...
Tags: Travel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Dubai Saudi Arabia, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, Hussain Sajwani, Al Rajhi Bank


Analysis: DAMAC delisting plan piles pressure on shrinking Dubai market | Reuters

Analysis: DAMAC delisting plan piles pressure on shrinking Dubai market | Reuters Dubai’s stock market is set for another delisting, raising a question mark over the future of one of the Gulf’s major exchanges, which was launched two decades ago.A $595 million bid to take DAMAC Properties (DAMAC.DU) private by the firm’s founder Hussain Sajwani is the latest blow to the exchange, even as the Gulf city state’s property market showed signs of life in the first quarter."It is not that Dubai is b...
Tags: Travel, London, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Emaar Properties, Dubai Financial Market DFM, Arabtec, Rupert Neil Bumfrey, Hussain Sajwani, Reuters Dubai, DFM, Nasdaq Dubai, Reuters Analysts


MIDEAST STOCKS Major Gulf bourses ease in early trade as financial shares drag | Reuters

Major stock markets in the Gulf were subdued in early trade on Tuesday, mostly hurt by losses in financial shares in the absence of fresh factors to trade on.Saudi Arabia's benchmark index (.TASI) fell 0.4%, with Al Rajhi Bank (1120.SE) losing 0.9%, while Saudi Arabian Mining Company (1211.SE) retreated 1.2%.The kingdom's inflation rate rose for the second consecutive month, climbing to 5.7% in May from 5.3% in April, again reflecting a tripling of value-added tax to 15% last year, official data...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Hussain Sajwani, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Qatar National Bank QNBK, Emirates NBD Bank ENBD


MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters

MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters Major stock markets in the Gulf ended higher on Monday, as investors eye economic recovery and rising oil prices which gained on an improved outlook for worldwide fuel demand. Brent was up 64 cents, or 0.9%, at $73.34 a barrel by 1246 GMT, its highest since May 2019. "GCC economies tend to heavily depend on oil price movements and should see solid support thanks to rising crude prices. This effect will be ob...
Tags: Travel, France, Saudi Arabia, Qatar, Egypt, GCC, Dubai, Abu Dhabi, Cairo, Gulf, Reuters, Reuters Major, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI


#Dubai Conglomerate’s Venture Said to Buy Palm’s Cooling Provider - Bloomberg

Dubai Conglomerate’s Venture Said to Buy Palm’s Cooling Provider - Bloomberg Dubai state developer Nakheel sold its business that supplies chilled air to such local landmarks as artificial palm-shaped islands, according to people familiar with the matter.Emirates Central Cooling Systems Corp, a joint venture between a unit of Dubai Holding and a state-owned utility, has acquired Nakheel’s cooling operations, the people said. The assets are worth around 1 billion dirhams ($272 million), they sa...
Tags: Travel, Bloomberg, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Dubai Electricity and Water Authority, Nakheel, Dubai Holding, TECOM GROUP, Rupert Neil Bumfrey, Aldar Properties PJSC, Tabreed, Emaar Properties PJSC Dubai, Bloomberg Dubai, Dubai Conglomerate


MIDEAST STOCKS Gulf markets make gains on oil, economic recovery | Reuters

MIDEAST STOCKS Gulf markets make gains on oil, economic recovery | Reuters Major Gulf stock markets rose on Monday, lifted by optimism about economic recovery and oil prices which gained on an improved outlook for worldwide fuel demand.Oil prices are a key catalyst for the Gulf region's financial markets and Brent crude was up 76 cents, or 1.1%, at $73.43 a barrel at 0734 GMT, its highest level since May 2019. .Saudi Arabia's benchmark index (.TASI) gained 0.6%, with Al Rajhi Bank (1120.SE) ri...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Emaar Properties EMAR DU, COVID, Emirates NBD Bank ENBD


#AbuDhabi’s ADQ Said in Talks to Invest $500 Million in Flipkart - Bloomberg

Abu Dhabi’s ADQ Said in Talks to Invest $500 Million in Flipkart - Bloomberg Abu Dhabi sovereign fund ADQ is in talks to invest about $500 million in India’s Flipkart, according to people familiar with the matter, as the Walmart Inc.-backed e-commerce firm raises funds ahead of a potential initial public offering next year.The oil-rich emirate’s newest state investment company is discussing an injection of funds that would value Flipkart between $35 billion and $40 billion, the people said, as...
Tags: Travel, Ipo, Singapore, India, Middle East, Abu Dhabi, Flipkart, SoftBank Group Corp, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Mubadala Investment Co, Walmart Inc, GIC Pte, Flipkart Bloomberg, Abu Dhabi Development Holding Co


MIDEAST STOCKS #Saudi index outperforms as financials boost; Egypt falls | Reuters

MIDEAST STOCKS Saudi index outperforms as financials boost; Egypt falls | Reuters Saudi Arabian shares ended higher on Sunday, outperforming other Gulf peers, buoyed by gains in banking stocks, while Egypt's blue-chip index extended losses.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, lifted by a 3.8% rise in Al Rajhi Bank (1120.SE) and a 3.6% increase in Saudi Telecom Company (7010.SE).Elsewhere, Dur Hospitality Co (4090.SE) finished 0.6% higher after the firm said it is in merger ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, Reuters Saudi Arabian


Most Middle Eastern Stocks Climb as Oil Extends Gains: Inside EM - Bloomberg

Most Middle Eastern Stocks Climb as Oil Extends Gains: Inside EM - Bloomberg Most equities markets in the Middle East extended gains on Sunday, following another positive week for crude prices.Equities gauges in Saudi Arabia, Bahrain, Oman, Kuwait, Qatar and Israel advanced as much as 0.8%, while those in Dubai and Abu Dhabi slipped less than 0.1%.Oil, the main export for Gulf countries, posted its third straight weekly rise on improving demand, with the International Energy Agency warning the...
Tags: Travel, Saudi Arabia, Israel, Bloomberg, Middle East, Dubai, Mecca, Abu Dhabi, Uae, Gulf, Riyadh, International Energy Agency, Bloomberg Intelligence, Jabal Omar, Rupert Neil Bumfrey, Edmond Christou


Singapore's VMC plans Mena expansion with $150m ADGM media investment fund | The National

Singapore's VMC plans Mena expansion with $150m ADGM media investment fund | The National Singapore-based Vistas Media Capital, the parent of the special purpose acquisition company that is taking music streaming platform Anghami public, is expanding its footprint in the Middle East and North Africa with an investment fund and an events and content production company in Abu Dhabi.The planned $150 million multi-strategy investment fund will be based in the emirate’s financial hub, Abu Dhabi Glo...
Tags: Travel, Spotify, New York, Singapore, Middle East, Dubai, Abu Dhabi, Mena, North Africa, VMC, Rupert Neil Bumfrey, Anghami, Sandeep Mishra, Vistas Media Capital, National Singapore, Abu Dhabi Global Market VMC


#AbuDhabi's ADQ invests in India's edtech giant Byju's | ZAWYA MENA Edition

Abu Dhabi's ADQ invests in India's edtech giant Byju's | ZAWYA MENA Edition Abu Dhabi’s state state-owned ADQ is one of the investors participating in the latest funding round by India’s education technology firm Byju’s. The edtech giant raised about $350 million from investors that also include UBS Group, Zoom founder Eric Yuan and Blackstone, the Economic Times reported. The latest funding valued Byju at around $16.5 billion post investment, making it the most-valued start-up in India. ADQ, ...
Tags: Travel, India, Abu Dhabi, Uae, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Byju, Eric Yuan, MENA Edition Abu Dhabi, Abu Dhabi Ports Abu Dhabi Airport, UBS Group Zoom, Blackstone the Economic Times


MIDEAST STOCKS #Saudi index firms as other Gulf markets remain subdued | Reuters

MIDEAST STOCKS Saudi index firms as other Gulf markets remain subdued | Reuters Major Gulf stock markets were little changed in early trade on Sunday, though the Saudi index was up 0.4% to extend gains from the previous four sessions.Saudi Arabia's benchmark index (.TASI) was buoyed by Al Rajhi Bank (1120.SE) advancing by 0.8% while Saudi Telecom Company (7010.SE) was up 0.6%.In a blow for the Saudi economy the kingdom has restricted the annual haj pilgrimage to its own citizens and residents ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Mecca, Abu Dhabi, Uae, Medina, Gulf, Reuters, United Arab Emirates UAE, Saudi Press Agency, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar


MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters

MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the Egyptian index bucked the trend to close lower.Brent crude oil futures LCOc1 were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, extending gains for the fourth consecutive session, with Al Rajhi...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, EIG Global Energy Partners, QSI


MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters Major Gulf stocks were mixed in early trade on Thursday, with the Saudi Arabia index on track to gain for a fourth consecutive session, buoyed by banking shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, with Al Rajhi Bank (1120.SE) gaining 0.6% and Saudi National Bank (1180.SE) advancing 0.4%.Separately, Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Tuesday it has established two deputy gov...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, EIG Global Energy Partners, Mubadala, Public Investment Fund, Qatar National Bank QNB, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI


China Southern Grid Is Said in Talks for $4 Billion Taqa Stake - Bloomberg

China Southern Grid Is Said in Talks for $4 Billion Taqa Stake - Bloomberg China Southern Power Grid Co. is in talks to acquire about a 10% stake in Abu Dhabi National Energy Co., the oil-rich emirate’s biggest utility, people with knowledge of the matter said.The Chinese state-owned firm is in discussions with banks about financing for the potential purchase, said the people, who asked not to be identified as the information is confidential. A 10% stake in the company, known as Taqa, could be...
Tags: Travel, United Arab Emirates, Abu Dhabi, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Taqa, Abu Dhabi National Energy Co, China Southern Power Grid, Bloomberg Abu Dhabi, Abu Dhabi Power Corp, China Southern Grid Is Said, Billion Taqa Stake Bloomberg, Taqa Bloomberg News


GlobalFoundries Said to Add JPMorgan, BofA to Jumbo IPO Roster - Bloomberg

GlobalFoundries Said to Add JPMorgan, BofA to Jumbo IPO Roster - Bloomberg GlobalFoundries has added four more banks to work on a planned initial public offering that could value the chipmaker at about $30 billion, according to people familiar with the matter.JPMorgan Chase & Co. and Bank of America Corp. have been brought in to help take the business public alongside already-appointed Morgan Stanley, the people said, asking not to be identified discussing confidential information. Citigroup I...
Tags: Travel, Singapore, Abu Dhabi, Morgan Stanley, Samsung Electronics, Globalfoundries, Jpmorgan, Bloomberg News, Citigroup Inc, Bank of America Corp, Taiwan Semiconductor Manufacturing Co, JPMorgan Chase Co, Credit Suisse Group AG, Advanced Micro Devices Inc, Rupert Neil Bumfrey, U S IPO


MIDEAST STOCKS Most major markets end higher on oil price gains; #Dubai dips | Reuters

MIDEAST STOCKS Most major markets end higher on oil price gains; Dubai dips | Reuters Most major Gulf stock markets finished higher on Wednesday as oil prices rose, while real estate stocks pressured Dubai to close lower.Brent crude futures were up 32 cents, or 0.3%, at $72.42 a barrel at 0911 GMT, having earlier touched $72.83, the highest since May 20, 2019. Brent rose 1% on Tuesday. read moreSaudi Arabia's benchmark index (.TASI) was up 0.5% with Al Rajhi Bank (1120.SE) gaining 0.8% an...
Tags: Travel, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Industries Qatar, ADCB, Savola Group, Al Rajhi Bank, Gulf Egypt, Abu Dhabi Commercial Bank ADCB ADCB, Commercial International Bank COMI, Emaar Properties EMAR


World’s Third-Biggest Wealth Fund Joins Medline Buyout Group - Bloomberg

World’s Third-Biggest Wealth Fund Joins Medline Buyout Group - Bloomberg Abu Dhabi Investment Authority is joining one of the biggest leveraged buyouts of all time by investing about $1 billion alongside a consortium acquiring medical supply company Medline Industries Inc.The world’s third-biggest wealth fund, known as ADIA, will back the takeover of Medline by Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman, according to people familiar with the matter, who asked not to be id...
Tags: Travel, Singapore, Bloomberg, Abu Dhabi, Advent International, ThyssenKrupp AG, Nestle SA, MEDLINE, Brookfield Asset Management Inc, ADIA, Hellman Friedman, Rupert Neil Bumfrey, Cinven, Medline Industries Inc, GIC Pte, SWF Institute



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