- 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...
- 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....
- 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...
- The General Authority for Civil Aviation (GACA) has taken steps to reconstruct the Al-Ahsa International Airport terminal to accommodate the growing number of domestic and international passengers, said Khalid Al-Khaibari, GACA spokesperson.The airport recently received the first flight of Qatar...
- Aldar Properties PJSC and Emirates Red Crescent have reinforced their longstanding partnership by signing a new year-long agreement to jointly cooperate on humanitarian efforts locally and internationally. The partnership highlights the importance of collaboration between the private sector an...
- SHANGHAI: Chinese e-commerce giant Alibaba has made a multi-billion-dollar offer to buy the outstanding shares of online video company Youku Tudou — the country’s equivalent of YouTube — the firms said, in its latest push into entertainment.Alibaba, often described as China’s eBay or Amazon, is...
- RIYADH: Alistithmar Capital, the investment arm of Saudi Investment Bank, has signed an agreement with Safa Investment Co. to launch several real estate funds – with the first estimated to be worth $292.9 million. Both companies will cooperate to help support the Kingdom’s g...
- The region’s major optical retailer, Vision Express, owned and operated by M.H. AlShaya Company, already established in Saudi Arabia and Bahrain, has opened its Polaroid 2015 eyewear collection at Dubai Mall. Specifically designed for fashion lovers seeking a unique combination of style, the...
- NEW YORK: Amazon.com Inc. is trying to get its digital music and video on as many gadgets as possible as the world’s largest Internet retailer replicates a strategy that paid off for its Kindle e-book business....
- DETROIT: The Detroit auto show arrived Sunday with showman’s flair, as the car industry tied its latest offerings to American nostalgia and Hollywood glamor....
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