Bloomberg Abu Dhabi’s sovereign wealth fund, embroiled in a debt payment dispute with 1Malaysia Development Bhd., is seeking $6.5 billion from the troubled Malaysian state investment company as it moves the spat into arbitration. 1MDB and its sole shareholder —Malaysia’s Ministry of Finance—haven’t perform their obligations toward International Petroleum Investment Co. PJSC, the Abu Dhabi fund said in a ...

  Dubai / WAM The Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with the Dubai Culture and Arts Authority, (Dubai Culture) calling for enhanced cooperation and partnership between the two entities in designing and constructing the Etihad Museum Project along with the new Pole for a flag hoisting 123 meters above the ground. Abdul Rahman bin Mohammed ...

  Dubai / WAM Emirates National Oil Company (ENOC) secured a $230 million unsecured loan from the Industrial and Commercial Bank of China Ltd (ICBC), one of China’s ‘Big Four’ state-owned commercial banks. The loan deal was agreed with the bank’s branch located at the Dubai International Financial Centre (DIFC), a statement said. The five-year loan is part of ENOC’s ...