Archana Narayanan

UAE’s VPS Healthcare rethinks London IPO due to Brexit uncertainty

The Abu Dhabi-based hospital operator is also evaluating listing in the U.S. or Singapore and will decide closer to the IPO.

Dubai’s IMG explores options for largest indoor theme park

IMG Worlds of Adventure, which cost about $1 billion to build, opened in 2016 and stretches across 1.5 million square feet.

SoftBank Vision Fund said to raise $3b loan with Goldman, Mizuho

Citigroup Inc., Samba Financial Group and Mitsubishi UFJ Financial Group Inc. were also among banks that participated.

Saudi Arabia said to hire HSBC banker to lead privatisation process

Saudi Arabia set up the National Center for Privatization in 2017 and hopes to generate about $11 billion by 2020 through the sale of stakes in utilities, soccer clubs, flour mills and medical facilities.

Dubai’s Noor Bank wins right to swap Abraaj debt for fund stakes

Noor Bank will hold the stakes alongside other investors and limited partners.

StanChart likely to axe Dubai, Singapore jobs amid cost reductions

The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity.

Dubai Holding said to purchase stake in Zara’s Middle East operator

The stake purchase in Beirut-based Azadea Group values the business at more than $1 billion.

Saudi Arabia to invest another $45b in SoftBank’s next Vision Fund

A significant investment in the next Vision Fund would help the PIF boost its assets, which have already risen to over $300 billion.

Qatar Investment Authority CEO said to leave $320b sovereign wealth fund

Under Sheikh Abdullah, the fund moved away from its strategy of investments in trophy assets, instead focusing on diversifying its portfolio in the U.S. and Asia and deploying more resources at home.

Investors of $1.6b Abraaj fund claim they are owed at least $300m

The investors are also seeking to stop paying management fees to Abraaj, citing breach of duties to the fund.