Tuesday, April 23, 2019

Abu Dhabi Lets Foreigners Own Land

(Bloomberg) -- Abu Dhabi will allow foreigners to own the land under their homes and offices for the first time as the emirate looks for...
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Reliance to Weigh Refinery Stake Sale to Aramco, Adnoc

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could...
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Emirates NBD CFO to Leave

Emirates NBD's Chief Financial Officer Surya Subramanian, who steered the bank through some of Dubai’s largest restructurings, is set to leave after almost nine...
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Saudi Set for Biggest IPO Since 2014

(Bloomberg) -- Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1...
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‘Challenging and Lonely’ Path of Women CEOs Slowly Gets Busier

If the future is female, as the slogan says, then the future has arrived at General Motors. In the five years since Mary Barra, 57,...
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IMF: Oman’s Economy Gradually Recovering

Oman’s economic efforts have been recognised - and praised - by the International Monetary Fund (IMF) as stated in a recent press release. The aforementioned...
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Abraaj CEO Charged With Fraud

(Bloomberg) -- Two former executives of The Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, were arrested on U.S. charges of...
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Saudi Arabia’s Long-Delayed Banking Hub Gets a Trendy Makeover

There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is...
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Sensors Linked to 737 Crashes Vulnerable to Failure, Data Show

The crashes of two Boeing Co. 737 Max jets in five months have focused attention on a little-known device that malfunctioned, starting a chain...
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HSBC Appoints New Regional CEO for MENAT

HSBC has appointed Martin Tricaud as Chief Executive Officer for the Middle East, North Africa and Turkey (MENAT) region, with effect from 1 June,...
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