Friday, February 21, 2020

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A Jet-Setting Billionaire Had It All. Then Carson Block Came Along

A Jet-Setting Billionaire Had It All. Then Carson Block Came Along

(Bloomberg) -- Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life. He splurged on a private jet, vintage cars and two...
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These Are The High Rental Yield Goldmines in UAE

The UAE has higher rental returns than some of the most popular locations for property investment in the world, a new report has revealed...
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Dalma Gas offshore facilities: ADNOC awards US$ 1.65bn construction contracts

Dalma Gas Project: ADNOC Awards US$ 1.65bn Construction Contracts

The Abu Dhabi National Oil Company (ADNOC) has awarded two contracts worth $1.65 billion (AED 6.06 billion) for the construction of offshore facilities for...
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Billionaire BR Shetty Steps Down From NMC Health Board

In an interesting twist to the financial quagmire NMC Health is already in, BR Shetty, its founder and chairman, has stepped down from the...
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How New Trends Will Shape The UAE Market For The Next 50 years?

How New Trends Will Shape The UAE Market For The Next 50 years?

Key Takeaways & Outlook Continued shift towards knowledge economy Focus on new and growing business sectors such as vertical farming, cloud kitchen, fintech, e-commerce,...
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FAB Bond issuance

FAB’s First GBP450mn Bond Is Also Largest-Ever Issuance From Region

First Abu Dhabi Bank (FAB) has issued bonds worth over AED 3 billion via two separate public issuances in three days, marking its first-ever...
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Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save Costs

Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save Costs

(Bloomberg) -- Abu Dhabi Islamic Bank PJSC is seeking to save about 500 million dirhams ($136 million) by cutting jobs and closing branches as sluggish...
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Things to do this weekend

Here Are Five Things to Do This Weekend in UAE

The weekend is almost upon us and if you have not already made plans, here are five things to do in and around Dubai...
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Etihad

Etihad Enters $1bln Aircraft Sale Deal with KKR, Altavair

Etihad Airways has signed an agreement with KKR, a leading global investment firm, and Altavair AirFinance (“Altavair”), a leader in commercial aviation finance to...
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Abu Dhabi, Dubai Make Gas Discovery in Push for Self-Sufficiency

New shallow gas reserve discovery fuels UAE’s self-sufficiency bid

Abu Dhabi National Oil Company (ADNOC) today announced a new gas find with 80 trillion standard cubic feet (TSCF) of shallow gas resources, which...
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