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ABC reports successful closing of $750m loan facility

  • Arab Banking Corporation (BSC) (ABC) has announced the successful closing of a $750 million syndicated term loan facility.The initial mandated lead arrangers and bookrunners are HSBC Bank Middle East Ltd., National Bank of Abu Dhabi, Natixis and Sumitomo Mitsui Banking Corporation. National Bank...
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Abreau sparkles as White Sox whip Rays 9-2

  • CHICAGO: Jose Abreu drove in four runs and set a major league rookie record for RBIs through the end of April as the Chicago White Sox beat the Tampa Bay Rays 9-2 on Sunday.Abreu, who had a two-run home run in the sixth and a two-run single in the seventh, has 31 RBIs. Albert Pujols had the...
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Abu Dhabi’s Etihad Aviation Group appoints new chief executive

  • DUBAI: Etihad Aviation Group on Thursday said it has appointed Tony Douglas, former head of Abu Dhabi Airports and Abu Dhabi Ports, as the new group chief executive....
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Abu Dhabi’s Mubadala sells EMI stake to Sony

  • Abu Dhabi-based investment fund Mubadala will sell its majority stake in EMI Music to Sony for an estimated $2.3 billion, in a move that will give the multinational control of two million songs by artists such as Queen, Pink, Kanye West and Pharrell Williams. Sony is set to acquire Mubadala In...
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Accusations against Saudi legal system are baseless

  • The international press (Los Angeles Times, Chicago Tribune, USA Today and others) published recently reports that accuse Saudi legal system of human rights violations. One story was about the arrest of Najla Wafa, which was almost picked verbatim, even the story’s picture, from Ahram...
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Accused Boston bomber ‘had multiple wounds’

  • BOSTON: Accused Boston Marathon bomber Dzhokhar Tsarnaev was badly injured when taken into custody by federal agents in April, with multiple gunshot wounds, including one that had fractured his skull, according to unsealed court papers.A trauma surgeon detailed the suspect's condition in a...
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Activist’s art offers rare glimpse inside Egypt’s prisons

  • CAIRO: In Yassin Mohammed’s sketches and paintings, he and other Egyptian prisoners are crammed into tiny cells, feet in each other’s faces and their few belongings hanging from the walls. The cramped scenes, defined by bars and closed cell doors, capture the claustrophobic reality of Egypt’s ...
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ACWA Power, APICORP sign deal for minority stake in Shuqaiq IWPP

  • International Company for Water & Power Projects (ACWA Power), a leading developer, owner and operator of independent power generation and water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established by the 10 member states of...
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Adams singles in winning run as Cardinals edge Pirates 2-1

  • ST. LOUIS: St. Louis’ Matt Adams hit a bases-loaded single with two outs in the 10th inning to give the Cardinals a 2-1 victory over Pittsburgh on Friday, maintaining their leadership of the National League.The Cardinals stayed two games clear of their nearest rivals, the New York Mets who shut...
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Adams, Carpenter, Wainright conspire in Cards win over Cubs

  • ST. LOUIS: Matt Adams homered, Matt Carpenter drove in two runs and Adam Wainwright saved a tired bullpen by lasting seven innings for the St. Louis Cardinals in their 10-4 win over the Chicago Cubs on Saturday.It was hardly a vintage performance by Wainwright (2-1), who struck out eight and...
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