Bloomberg Sycamore Partners is looking to take most of its cash out of Staples Inc through a recapitalisation that will saddle the company with roughly $1 billion of additional debt, according to people with knowledge of the plan. If successful, the debt sale will allow the private equity firm to recoup roughly two-thirds of the $1.6 billion it put up ...

Bloomberg India is mulling options to save jobs at Jet Airways India Ltd including asking low-cost carrier SpiceJet Ltd to consider taking over some of the debt-laden company’s aircraft, people with knowledge of the matter said. The proposal involves SpiceJet, led by Chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes that are owned by lessors, ...

Bloomberg Portuguese airline TAP, partially privatised by the government in 2015, said it’s preparing for an initial public offering. The carrier, part-owned by airline tycoon David Neeleman, is readying itself for a sale but can’t be sure when that might be, Chief Executive Officer Antonoaldo Neves said at a press conference in Lisbon. “We’re preparing the company so that when ...

Bloomberg Avon Products Inc spiked after rival Natura & Co confirmed that it has engaged in talks with Avon about a “potential transaction,” without giving further details. The confirmation, made in a regulatory filing, comes hours after the Wall Street Journal reported Avon and Natura were in early discussions about a potential sale that could put the cosmetics maker and ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) signed, on Saturday, two memoranda of understanding with OMV and one MoU with Borealis to explore new opportunities for collaboration in the downstr-eam sector. The signing of agr-eements was attended by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the ...

Bloomberg Oil fell the most in three weeks as disappointing economic data sowed new fears of slowing global growth. West Texas Intermediate futures in New York dropped 1.6 percent, paring the week’s gain to less than 1 percent. Weaker than expected manufacturing data from Germany and France cast fresh doubts on Europe’s economic outlook, dragging equities down. The US treasury ...

ABU DHABI / WAM As part of Abu Dhabi Securities Exchange (ADX) held a workshop for listed companies on enhancing relations between listed companies and investors and the role of investor relations manager in this regard in line with international best practice. The workshop comes as part of ADX’s efforts to enhance the role of investor relations in listed companies ...

Sharjah / Emirates Business The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation dedicated to helping people in need worldwide, announced that it provided total support worth AED 58 million, to help over 1,091,000 people across 12 conflict-affected countries, in the year 2018. The funds focused on supporting vital sectors including education, healthcare, and food security, thereby rehabilitating underprivileged ...

Abu Dhabi / Emirates Business Abu Dhabi will host the 2nd Obstetrics, Gynecology and Fertility International Conference from March 28 to 29 at the Abu Dhabi National Exhibition Center (Adnec), with the participation of seven international experts from the University College London Hospitals (UCLH), and leading medical institutions in UK, Switzerland, Lebanon and the UAE. During the conference, organised by ...

DUBAI / Emirates Business Etisalat announced the winners of its inaugural ‘SMB Awards 2018’ in Grand Gala event to recognise and celebrate the outstanding achievements of small and medium businesses (SMBs) and start-ups in the UAE. The prestigious inaugural awards function was attended by Ali Ibrahim, Deputy Director General, Department of Economic Development, Dubai and Abdul Baset Al Janahi, CEO, ...