DUBAI (Reuters) – Goldman Sachs (GS.N) has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters.
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UAE Press: Keep oceans clean to avoid trouble
ABU DHABI, 5th August, 2017 (WAM) — Humans bank on oceans for very many things, it is impossible to imagine the world without them. The future of the planet’s oceans is, however, challenged by serious threats such as climate change, pollution and …
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ED raids Gujarat firm that defaulted on UPA-era bank loans, Rajya Sabha election funding in focus
“Sandesara group siphoned off substantial amount of bank money through bogus exports and parked in offshore companies in Nigeria, US and Dubai. This is part of government’s crack down on wilful defaulter,” a source in the ED’s Gujarat unit told HT …
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How Dubai can establish sustainable tourism practices
Keeping this in mind, Dubai is moving to tackle the issue of food waste with the launch of the UAE Food Bank. The initiative, spearheaded by HH Sheikh Mohammed, was announced in January and aims to combat the Dhs3.5bn ($952.8m) worth of food discarded in …
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Adnoc mulls $5bn bank loan for smart growth
The Abu Dhabi National Oil Company (Adnoc) is currently considering a range of financing options, including a$5 billion bank loan, to promote prospects … Such IPOs would support the growth and expansion of the UAE’s private sector and equity capital …
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Director, Structuring
Standard Chartered Bank – Dubai – Enhanced Structuring coverage of West Africa and francophone countries in AME FM Structuring AME provides coverage of full spectrum of derivative products (from vanilla to exotic), through our product specialists located …
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Five Chinese firms to invest $300m in Abu Dhabi’s Kizad
RELATED ARTICLES: Kizad expands to become largest UAE freezone | KIZAD hosts UAE’s first banknote … are involved in sectors ranging from power and metals to natural resources and banking, Abu Dhabi officials said. Mohamed Juma Al Shamisi, chief …
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Dubai Torch Tower blaze puts (re)insurers on watch
(Re)insurers are set to be hit with more claims from skyscraper fires in Dubai after the Torch Tower caught fire yesterday … causing damage to both the property and vehicles in the vicinity. The tower was fully evacuated during the incident and no …
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Dubai excites tourists with new offerings
Al Bandar Rotana and Al Bandar Arjaan by Rotana is another new addition to Dubai. Offering 190 luxurious rooms and suites, this modern and elegantly designed five-star property will provide individual experiences tailored for businesspeople, couples and …
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The Etihad flight targeted by ISIS bomb plot that was foiled at last minute because bag was ‘too heavy’ at Sydney check-in desk
Flight EY 451 has been identified as the target of the jihadist attackers which departed for Abu Dhabi just after 3pm on July 15. The flight targeted by ISIS jihadis has been identified as an Abu Dhabi bound flight out of Sydney (file photo) The Boeing 777 …
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Chinese firms to invest $300 million in Abu Dhabi
ABU DHABI (Reuters) – Five Chinese companies will start operations in Abu Dhabi’s industrial zone with an initial investment of $300 million in a boost for the oil-rich emirate’s economic diversification plans. The companies, from Jiangsu province on China …
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AVP – Operations & IT – Huxley Banking & Financial Services – Dubai Jobs
To set the vision and direct the successful implementation of the IT Strategy for leading, directing and managing the IT Department. Oversee allocation/ distribution of IT resources for adequate provisioning of IT support services. Optimize the IT …
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Top stories from Britain and around the world – NHS cyber attack hero due in US court over software to harvest bank details
The British computer expert who helped shut down a world-wide cyber attack that crippled the NHS was due to appear in a US court charged with creating software that harvested banking details … terms of reference in July. DUBAI’S 86-STOREY TORCH TOWER …
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Torch Tower residents in Dubai wake up to the building engulfed in flames yet again
… through one of the world’s tallest residential towers in Dubai on Friday, the latest in a series of fires in tall structures in the United Arab Emirates, the Gulf’s tourism and business hub, over the past three years. Flames shot up the sides of the …
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Fire extinguished at 86-storey residential high-rise in Dubai
No major injuries had been reported. A few people were treated for smoke inhalation, according to Dubai’s Gulf News website. WATCH ABOVE: Fire breaks out at 86-storey at one of world’s tallest buildings Several building residents said the fire broke …
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Dubai’s Torch Tower catches fire for second time in two years
These are external links and will open in a new window A large blaze has ripped through one of the largest residential buildings in the world, the Torch Tower in Dubai. Flames shot up the side of the skyscraper, sending debris tumbling from the 337m (1,106 …
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Resident recalls escaping burning Dubai skyscraper: ‘Adrenaline takes over completely’
It was 12:45 a.m. Friday when Souraya Momtaz, a 21-year-old graphic designer, was jolted awake by a deafening alarm in Dubai’s Torch Tower … grabbed by phone and ran out,” Momtaz told ABC News. “In that situation, you don’t think, you just go and …
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