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Stanley Carvalho

UPDATE 1-Abu Dhabi's Mubadala says assets grew by 80% to $229 bln in 2018

Jul 29 2019

ABU DHABI, July 29 Abu Dhabi state investor Mubadala Investment Co said on Monday its assets under management rose 80% in 2018, as it continues to invest across sectors globally.

Abu Dhabi sovereign fund to boost active investments in fixed-income

Jul 15 2019

ABU DHABI Abu Dhabi Investment Authority (ADIA), the world's third-biggest sovereign wealth fund, plans to increase active investments in fixed-income in the coming years, reducing its reliance on passive investments.

CVC-led consortium to acquire 30% stake in Dubai's GEMS Education

Jul 10 2019

ABU DHABI A consortium led by private equity firm CVC Capital Partners has agreed to acquire a 30% stake from existing shareholders in Dubai-based GEMS Education.

China & Gulf expansion to boost Trade Bank of Iraq's revenues: chairman

Jul 07 2019

ABU DHABI State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30% by 2022 from 25% now, its chairman said on Sunday.

UAE's Etihad Rail to seek about $2 billion in financing - sources

Jul 04 2019

DUBAI, July 4 Etihad Rail, the developer and operator of the United Arab Emirates' national rail network, is expected to approach banks for about $2 billion to help finance the expansion of the network, banking sources familiar with the matter said.

Abu Dhabi utility shortlists 24 firms for 2000 MW solar plant

Jul 03 2019

ABU DHABI International and local companies are among 24 bidders pre-qualified to build the world's largest single-site solar plant in Abu Dhabi, a spokesman for the firm in-charge of managing the emirate's water and power said on Wednesday.

UAE's NPCC forecasts foreign contracts to drive 34% revenue rise

Jun 26 2019

ABU DHABI Abu Dhabi-based National Petroleum Construction Company (NPCC) expects revenue to grow by 34% this year on the back of projects it has won overseas, its chief executive said on Wednesday.

UAE's Abu Dhabi Financial Group & Shuaa Capital agree on merger

Jun 26 2019

ABU DHABI Abu Dhabi Financial Group (ADFG) and Shuaa Capital have agreed on the terms of their merger, which will create an entity with $12.8 billion in assets under management.

Saudi Arabia's central bank warns global slowdown may hit growth

Jun 02 2019

ABU DHABI Saudi Arabia's economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on the global oil market could impact growth, the Kingdom's central bank said.

UPDATE 1-UAE's GEMS buys Saudi Arabia's biggest private school group Ma'arif

May 30 2019

ABU DHABI, May 30 United Arab Emirates-based GEMS Education has expanded into Saudi Arabia by buying Ma'arif Education Group, the largest private school owner and operator in the kingdom, through a joint venture with Hassana Investment.

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