Stanley Carvalho

Etihad in rescue talks with bankers for India’s Jet Airways

Abu Dhabi-based Etihad is also considering raising its stake above the 24 percent it has held since 2013.


Abu Dhabi’s IPIC files lawsuit against Goldman Sachs, others in 1MDB case

1MDB is the subject of corruption and money-laundering investigations in at least six countries.


Abu Dhabi National Hotels in talks to buy Emaar assets

ADNH’s is only seeking to buy the hotel buildings and not Emaar’s schools or clinics.


UAE issues arrest warrant against Abraaj founder Naqvi

Authorities in the United Arab Emirates have issued arrest warrants for the founder of private equity firm Abraaj and another executive for issuing a cheque without sufficient funds.


UAE regulator requests listed companies to declare exposure to Abraaj

Air Arabia, a Dubai-listed low-cost carrier, said this week it had a $336-million exposure to Abraaj. Shares in the airline plunged because of its links to the company.


SoftBank Group backs Mubadala Ventures’ new $400m European tech fund

Japan’s Softbank Group will participate in the fund as a strategic investor via its subsidiary, SIMI US Holdings I, Inc, a statement from Mubadala said.


Mubadala’s talks to sell Swiss arm hit snag due to 1MDB links

The business, Falcon Private Bank, is under investigation in Switzerland for allegedly failing to prevent suspected money laundering linked to 1MDB, the scandal-hit Malaysian state fund.


Maldives said to raise $100m with private placement in Abu Dhabi

The dollar-denominated will become the first sovereign bond to be listed on the Abu Dhabi Securities Exchange (ADX) when the planned listing takes place.


Mubadala halts Abraaj buyout talks in new blow to the PE firm

Dubai-based Abraaj is considering selling some or all of the unit following a row with four investors.


Abraaj CFO leaves PE firm, other exits in the offing

Two other senior executives are also reportedly preparing to leave the investment firm. Abraaj is also learnt to be considering a round of job cuts.