ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, …
Read More »Altice billionaire stays in his $59bn comfort zone
Patrick Drahi, the telecoms billionaire whose debt-fuelled expansion spree is running out of steam, is finding it hard to break free of a downward markets spiral. A full-blown bear attack is still ongoing after last month’s profit warning from Altice SA, the Drahi holding company. Hedge funds have piled up negative bets on a stock that’s fallen 56 percent since …
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