Recent Posts

Air India’s ashtrays, debt cloud pose challenges to sale

Bloomberg Prime Minister Narendra Modi’s cabinet has signed off on a plan to sell all or part of Air India Ltd, a debt-ridden, state-run carrier with the most unusual baggage. The airline’s balance sheet includes commercial space near London Heathrow, land in Tokyo, Hong Kong and Nairobi, all bought during the heydays when the airline commissioned paintings by Indian modern ...

Read More »

VP unveils AED5.5bn Dubai Food Park

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

Read More »

ADNOC plans retail unit IPO at $14bn

Bloomberg Abu Dhabi National Oil Co. (ADNOC) is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. The company, may appoint investment banks for the share sale, likely to be on the Abu Dhabi stock exchange, as early as this week, ...

Read More »
Send this to a friend