Dubai's DAE to sell StandardAero to private equity firm

Dubai's DAE to sell StandardAero to private equity firm

Dubai Aerospace Enterprise inks deal with Veritas Capital; will use proceeds to refocus, expand aircraft leasing portfolio

Bahrain to cut subsidies for expats as oil slump bites

Bahrain to cut subsidies for expats as oil slump bites

Top official says government will redirect subsidy policies to benefit local citizens only

Kuwaiti-backed London theme park signs up bankers to raise $3.2bn funding

Kuwaiti-backed London theme park signs up bankers to raise $3.2bn funding

London Paramount Entertainment Resort is scheduled to open in 2020, is currently in the consultation stage with local interest groups

Dubai's Marka delays timeline for turning profitable to 2016

Dubai's Marka delays timeline for turning profitable to 2016

Retail and restaurant start-up says it has to consolidate recent acquisitions including Icons, Retailcorp

Saudi's Almarai approves $5.6bn investment plan for 2016-20

Saudi's Almarai approves $5.6bn investment plan for 2016-20

Gulf's largest dairy firm is expected to benefit from the opening of the kingdom's equity market in June

Samena Capital acquires nearly a third of UK-based Kleinwort Benson Bank

Samena Capital acquires nearly a third of UK-based Kleinwort Benson Bank

Dubai-based firm plans new merchant banking operation under the deal

UAE's Gulf Capital says eyeing four deals in Egypt

UAE's Gulf Capital says eyeing four deals in Egypt

Abu Dhabi-based private equity firm mulls deals in healthcare, oil and gas, petrochemicals and consumer goods

ADIB retained 98% of Barclays' UAE clients after $176m deal, says CEO

ADIB retained 98% of Barclays' UAE clients after $176m deal, says CEO

Abu Dhabi Islamic Bank says had budgeted to lose about 20% of UK lender's 110,000 customers after buyout of UAE operations, but ultimately only lost 2%

Kuwait Airways names banks for $400m loan

Kuwait Airways names banks for $400m loan

NBAD & Arab Banking Corporation will be lead arrangers for the Sharia-compliant loan to purchase five Airbus aircraft to be leased by the airline

Investors’ confidence increasing, say StartUp Academy speakers

Investors’ confidence increasing, say StartUp Academy speakers

More than 100 entrepreneurs attended the June edition of Arabian Business StartUp Academy to learn about angel and venture capital investing in the region


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