Tuesday, August 21, 2018

Saudi Arabia fund in talks to invest in Tesla buyout deal

Elon Musk has said he still expects to own about 20% of Tesla after any transaction, and that he hopes all shareholders will remain owners of a private company. Photo: ReutersDubai: Saudi Arabia’s sovereign...

Aramco, Air Products, ACWA to form gasification/power JV in Saudi Arabia

DUBAI, Aug 12 (Reuters) - Saudi Aramco, Air Products and ACWA Power on Sunday signed a term sheet to set up a gasification/power joint venture in Saudi Arabia. “The JV will purchase the gasification...

ADX distributes over $6 billion in cash dividends

Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has distributed more than Dh23.4 billion ($6.37 billion) in cash dividends to around 406,000 investors on behalf of listed companies in 2018,a media...

UAE: Dubai Financial Services Authority joins Global Financial Innovation Network

The Dubai Financial Services Authority (DFSA), in collaboration with 11 other financial regulators and associated organisations from around the world, has announced the establishment of a Global Financial Innovation Network (GFIN). The GFIN...

Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout

DUBAI/RIYADH/LONDON (Reuters) - Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker...

Hilton’s new luxury brand is a ghost of Blackstone’s past

Hilton Worldwide Holdings Inc. signage is displayed outside the company's Millenium hotel in New York, U.S., on Tuesday, Oct. 25, 2016. Hilton released earnings figures today. Photographer: Mark Kauzlarich/Bloomberg INTERNATIONAL -...

Abu Dhabi Securities Exchange (ADX) AED 23.4 billion in cash dividends

Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced the distribution of more than AED 23.4 billion in cash dividends to around 406,000 investors on behalf of listed companies in 2018.The...

Saudi Aramco appoints al-Dabbagh VP for finance: Arabiya

DUBAI (Reuters) - Saudi Aramco has appointed Khalid al-Dabbagh as vice-president for finance, Dubai-based al-Arabiya TV said, citing Bloomberg. FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi...

UAE to build oil pipeline between Eritrea, Ethiopia

The United Arab Emirates (UAE) will build an oil pipeline connecting Eritrea's port city of Assab with Ethiopia's capital, Addis Ababa, an Ethiopian State-affiliated broadcaster said on Friday. Fana Broadcasting said the...

Saudi Aramco appoints al-Dabbagh as senior VP of finance

FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia May 23, 2018. . REUTERS/Ahmed Jadallah/File Photo August 10, 2018 DUBAI (Reuters) – Saudi Aramco appointed Khalid al-Dabbagh as...