DUBAI / WAM Shuaa Capital on Sunday announced that it has successfully completed a debt buyout of Stanford Marine Group’s (SMG) AED1.13 billion ($308 million) facility, resulting in a successful outcome for all parties involved, including the participating banks. SMG is one of the most prominent and diversified offshore services companies in the Middle East, with a focus on chartering, ...

Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Vice Chairman of the Board of Directors of the Mubadala Investment Company, has chaired the meeting of the Executive Committee of the company’s board, which was held at the Al Watan Palace in Abu Dhabi. The Board approved the company’s action ...

Abu Dhabi / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met with the US Treasury Secretary Steven Mnuchin in Abu Dhabi. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, as well as representatives of the UAE Central Bank attended the meeting which sought to deliberate joint strategic relations and financial and economic cooperation between ...