Dinesh Nair

UAE airline starts legal case against Abraaj founder Naqvi

The low-cost carrier said it began legal proceedings “through the filing of a misdemeanor case” in a court in Sharjah.

Standard Chartered finally exits private equity business

Intermediate Capital Group is buying a majority of the bank’s private-equity assets in a transaction valued at about 790 million pounds ($997 million).

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.

Brookfield in early talks to invest in Dubai property developer Meraas

The Canadian firm is said to be weighing options that would give it control of some retail properties from Meraas, including entering into a joint venture for those developments.

Dubai payments firm Network International picks banks for London IPO

Warburg Pincus and General Atlantic own a combined 49 percent stake in Network International.

India-focused tech firm Streamcast explores London IPO

Last month, the company announced a partnership with Bharat Sanchar Nigam Ltd to offer “triple play” services.

Despite Khashoggi backlash, SoftBank plans $1.2b solar plant in S Arabia

Plans for the facility are at an early stage and SoftBank may decide to change the size of the plant or not proceed with it.

SoftBank’s Masayoshi Son goes to Riyadh, skips conference

Son joins a growing list of business leaders who have distanced themselves from the Future Investment Initiative conference, but his move is particularly notable because SoftBank’s $100 billion Vision Fund has a $45 billion commitment from Saudi Arabia’s Public Investment Fund. 

Blackstone said to mull selling stake in Dubai-based school operator GEMS

Fajr Capital Ltd., Bahrain’s sovereign wealth fund Mumtalakat and the Varkey Group are also considering selling some or all of their holding in the education provider in a deal that could value GEMS at about $4 billion.

Geopolitical uncertainties signal lower appetite for global M&A deals

The slowdown is likely to be only temporary and the strategic rationale for acquisitions still remains strong, with EY forecasting that activity will pick up in the second half of 2019.