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Aramco in advanced talks on up to $25b Reliance deal

Bloomberg Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said. The Saudi Arabian firm is discussing the purchase of a roughly 20% stake in the Reliance unit for about $20 billion to $25 billion-worth of Aramco shares, the people ...

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Sheikh Mohamed, Kyrgyzstan president discuss bilateral ties

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sadyr Japarov, President of Kyrgyzstan, discussed during a telephone call on Monday, ways of strengthening relations of friendship and cooperation for the benefit of the two countries and their people as well as mutual ...

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Waha Capital secures new $500 million credit facility

ABU DHABI / WAM Waha Capital, an investment management company in Abu Dhabi, has announced the completion of the refinancing of its revolving credit facility with the support of four local and regional banks. The 3-year $500 million revolving credit facility replaces and upsizes the current facility of $400 million. The syndication of the facility was positively received with the ...

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