Dubai, the Persian Gulf emirate whose near default in 2009 roiled global markets, signed an agreement with Abu Dhabi and the United Arab Emirates’ central bank to roll over $20 billion of debt for five years.
Showing posts with label Abu Dhabi. Show all posts
Showing posts with label Abu Dhabi. Show all posts
Monday, March 17, 2014
Monday, November 5, 2012
Abu Dhabi Government ‘Considering’ Dollar Bond Offering in 2013
Abu Dhabi, the richest of the seven sheikhdoms in the United Arab Emirates, is considering a dollar debt sale in 2013, according to its Department of Finance.
Sunday, September 2, 2012
Abu Dhabi launches new port, may compete with Dubai
ABU DHABI (Reuters) - Abu Dhabi launched operations at a multi-billion dollar port facility on Saturday, seeking to diversify its oil-based economy with a project that could intensify competition for the region's shipping traffic with neighbouring emirate Dubai.
Sunday, July 1, 2012
Qatar iron man faces off with Glencore
DUBAI (Reuters) - Ahmad al-Sayed, the Qatari investment manager holding the fate of Glencore's $26 billion takeover of Xstrata in his hands, is known as an aggressive negotiator who relishes the big deal.
Sunday, November 6, 2011
Abu Dhabi Economic Vision Dims in Dubai-Like Property Slump
Abu Dhabi, the emirate that bailed out Dubai in 2009, set out to avoid the pitfalls suffered by its Persian Gulf neighbor with a decades-long plan to replace oil revenue with industry and tourism as drivers of growth.
Monday, February 7, 2011
BP's Hayward in talks with Abu Dhabi to lead new firm
By James Thompson and Sarah Arnott
Tony Hayward has held talks with Abu Dhabi's sovereign wealth fund about launching a new oil company, which could mark a remarkable turnaround for the former chief executive of BP.
Mr Hayward stepped down four months ago after the Gulf of Mexico oil disaster, but the fund's representatives approached him in recent weeks about building a new global oil and gas group. It is thought the emirate will fund the new venture to the tune of several billion dollars.
Tony Hayward has held talks with Abu Dhabi's sovereign wealth fund about launching a new oil company, which could mark a remarkable turnaround for the former chief executive of BP.
Mr Hayward stepped down four months ago after the Gulf of Mexico oil disaster, but the fund's representatives approached him in recent weeks about building a new global oil and gas group. It is thought the emirate will fund the new venture to the tune of several billion dollars.
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