Friday, April 26, 2019

Carlos Ghosn Indicted on New Charges

(Bloomberg) -- Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the...
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Dubai Counting on Retail, Tourism to Break Out of Economic Funk

(Bloomberg) -- Dubai is looking to retail and tourism to break free of its weakest economic expansion in almost a decade. Growth in the city’s gross...
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Qatar Fund Buys Chunk of $5.6 Billion Manhattan Portfolio

(Bloomberg) -- Qatar is betting big on some prime retail on Fifth Avenue and Times Square. Vornado Realty Trust sold almost half of a $5.6 billion...
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Case Against Abraaj Widens With Third Arrest

(Bloomberg) -- A US criminal case against former executives at buyout fund Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency,...
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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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