DUBAI: The Dubai Financial Services Authority (DFSA) could make changes to its oversight procedures following last year’s collapse of private equity group Abraaj, its chief executive said in a report published on Sunday. Dubai-based Abraaj was the largest buyout fund in the Middle East and North Africa until it collapsed last year in the aftermath…
DUBAI: The Dubai Financial Services Authority (DFSA) could make changes to its oversight procedures following last year’s collapse of private equity group Abraaj, its chief executive said in a report published on Sunday. Dubai-based Abraaj was the largest buyout fund in the Middle East and North Africa until it collapsed last year in the aftermath…
DUBAI: Saudi stocks ended higher on Sunday, helped by optimism over more fund inflows ahead of inclusion on FTSE Russell’s emerging market index in about two weeks. The Tadawul main index was up 0.5 percent, led by financial stocks. Samba Financial Group rose 1.1 percent and Al Rajhi Bank climbed 0.4 percent. Al Tayyar…
Image Nation CEO Michael Garin: Abu Dhabi Oscar winner turns gaze toward Saudi Arabia DUBAI: It is not every day you get to meet an Oscar winner. Last week, the genial and straight-talking Michael Garin, CEO of Abu Dhabi film production company Image Nation, assumed that title. One of his projects, “Free Solo,” about the…
SANTA MONICA, United States: Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the “Amazon of transportation” in a future where people share instead of owning vehicles.Uber laid out its vision of a transformed world of personal mobility as it steered toward a keenly anticipated…
DUBAI: It is not every day you get to meet an Oscar winner. Last week, the genial and straight-talking Michael Garin, CEO of Abu Dhabi film production company Image Nation, assumed that title. One of his projects, “Free Solo,” about the rock climber Alex Honnold’s epic ascent of Yosemite’s El Capitan wall in the US,…
DUBAI: It is not every day you get to meet an Oscar winner. Last week, the genial and straight-talking Michael Garin, CEO of Abu Dhabi film production company Image Nation, assumed that title. One of his projects, “Free Solo,” about the rock climber Alex Honnold’s epic ascent of Yosemite’s El Capitan wall in the US,…
SANTA MONICA, United States: Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the “Amazon of transportation” in a future where people share instead of owning vehicles.Uber laid out its vision of a transformed world of personal mobility as it steered toward a keenly anticipated…
DUBAI: It is not every day you get to meet an Oscar winner. Last week, the genial and straight-talking Michael Garin, CEO of Abu Dhabi film production company Image Nation, assumed that title. One of his projects, “Free Solo,” about the rock climber Alex Honnold’s epic ascent of Yosemite’s El Capitan wall in the US,…
Former Qatar PM ‘sought state assurance’ over Barclays shares, fraud trial hears LONDON: Qatar’s former Prime Minister Sheikh Hamad bin Jassim sought assurances from the highest levels of UK government in an attempt to protect his and Doha’s shares in Barclays bank, a fraud trial heard this week. The UK Serious Fraud Office (SFO) alleges…
LONDON: OPEC oil supply fell to a four-year low in February, a Reuters survey found, as Gulf producers over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary drop.The 14-member Organization of the Petroleum Exporting Countries pumped 30.68 million barrels per day (bpd) last month, the survey showed on Friday, down 300,000…
BENGALURU: Oil analysts have grown more pessimistic over prospects of a significant price rally this year, as booming US shale output and a deteriorating global economic backdrop threaten to offset the boost from OPEC’s crude supply cuts.A Reuters survey of 36 economists and analysts on Thursday forecast Brent crude oil futures to average $66.44 a…
LONDON: OPEC oil supply fell to a four-year low in February, a Reuters survey found, as Gulf producers over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary drop.The 14-member Organization of the Petroleum Exporting Countries pumped 30.68 million barrels per day (bpd) last month, the survey showed on Friday, down 300,000…
KUALA LUMPUR: Norway’s $1 trillion sovereign wealth fund, the world’s largest, has pulled out of more than 33 palm oil companies over deforestation risks during the last seven years, a green group said on Thursday.Norway’s Government Pension Fund Global (GPFG), which released its annual report on Wednesday, sold stakes in more than 60 companies due…
LONDON: OPEC oil supply fell to a four-year low in February, a Reuters survey found, as Gulf producers over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary drop.The 14-member Organization of the Petroleum Exporting Countries pumped 30.68 million barrels per day (bpd) last month, the survey showed on Friday, down 300,000…
MONTREAL: Canada’s former attorney general has provoked the worst political crisis for Prime Minister Justin Trudeau’s Liberal government by accusing senior officials of attempting to head off the fraud prosecution of engineering giant SNC-Lavalin. Here’s what you need to know. Jody Wilson-Raybould testified at the House of Commons Justice Committee that Trudeau, one of his…
MONTREAL: Canada’s former attorney general has provoked the worst political crisis for Prime Minister Justin Trudeau’s Liberal government by accusing senior officials of attempting to head off the fraud prosecution of engineering giant SNC-Lavalin. Here’s what you need to know. Jody Wilson-Raybould testified at the House of Commons Justice Committee that Trudeau, one of his…
NEW DELHI: Vedanta Ltd. told an Indian court it has been losing 50 million rupees ($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people.The government of Tamil Nadu state ordered the smelter shut permanently on May 28…
NEW DELHI: Vedanta Ltd. told an Indian court it has been losing 50 million rupees ($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people.The government of Tamil Nadu state ordered the smelter shut permanently on May 28…
NEW DELHI: Vedanta Ltd. told an Indian court it has been losing 50 million rupees ($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people.The government of Tamil Nadu state ordered the smelter shut permanently on May 28…
