DUBAI / WAM The UAE Cabinet has approved a federal law to regulate cases of insolvency of natural persons, aimed at enhancing the competitiveness of the UAE by ensuring the ease of doing business, creating favourable conditions for individuals facing financial difficulties and protecting those who are unable to pay their debts from going bankrupt. The new law is part ...

Bloomberg Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion. Aramco will sell 1.5% of its shares on the local stock exchange, the Tadawul. At the lower end of the price range, the offer would fall short of a record, coming in just below the $25 billion raised Alibaba Group Holding Ltd.’s ...

ABU DHABI / WAM Mubadala Investment Company, the Abu Dhabi-based global investor, has announced the launch of Sanad, a new industrial champion designed to foster Abu Dhabi’s long-term growth in the global aerospace and industrial services sectors. By reinforcing its strategic focus on enhanced customer support through superior engineering and leasing solutions excellence, Sanad will integrate Sanad Aerotech; Sanad Powertech ...