Search Results for:Stanley Carvalho

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.

India’s ONGC-led consortium wins stake in Abu Dhabi oil concession

The ONGC Videsh-led consortium picked up a 10% stake in ADNOC’s new Lower Zakum offshore concession, with a participation fee of $600 million.

Mubadala joins hands with SoftBank for up to 16 investments in tech firms

Mubadala has committed $15 billion to SoftBank’s nearly $100-billion Vision Fund.

Malaysia’s 1MDB says $350m paid to Abu Dhabi for debt deal

An IPIC spokesman confirmed the payment had been received.