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DP World hires banks to raise $1 billion bond

Bloomberg DP World Plc mandated banks to raise about $1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc, according to three people with knowledge of the plans. The world’s largest port operator hired Citigroup Inc., Dubai Islamic Bank PJSC (DIB) and Standard Chartered Plc to arrange investor meetings in Hong Kong, Singapore and London from ...

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UAE provides $5.59 billion in foreign assistance to Yemen

ABU DHABI / WAM The UAE provided $5.59 billion in foreign assistance to Yemen between April 2015 and June 2019, which was used to help rebuild various sectors in the country, including vital infrastructure and to restore health and social services. In data obtained by Emirates News Agency from the Ministry of Foreign Affairs and International Cooperation, a breakdown of ...

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Abu Dhabi, Costa Rica discuss economic, investment prospects

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry and the Costa Rica Embassy in the UAE discussed available mutual economic and investment opportunities in Abu Dhabi and Costa Rica. Their discussion took place during a meeting between Mohammed Thani Murshid Al Rumaithi, Chairman of the Chamber, and Francisco Chacon Fernandez, Ambassador of Costa Rica to the ...

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