Tags Posts tagged with "Abu Dhabi"

Abu Dhabi

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Japan’s conglomerate SoftBank is offering to invest $30 billion to $40 billion in the development of the planned...
Malaysia’s ex-PM, former treasury official charged with misuse of $1.6 billion

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Malaysia charged ex-premier Najib Razak and one of his former top treasury officials with six counts of criminal breach of trust, accusing them of...
Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far

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Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
Malaysia to settle with Abu Dhabi in 1MDB case

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The governments of Malaysia and Abu Dhabi reportedly reached an agreement on a partial debt settlement in the case involving scandal-ridden fund 1Malaysia Development...
Bangkok dethrones London as world’s most popular travel destination

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Thailand's capital Bangkok has been ranked top of in MasterCard's 2016 list of the world's most popular travel destinations by number of visitors. The...
Abu Dhabi’s quarrel over 1MDB debt deepens

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Disputes between Abu Dhabi"s state-owned International Petroleum Investment Co (IPIC) and troubled Malaysian state investment fund 1Malaysia Development Berhad (1MDB) intensified on May 11,...
1MDB defaults on bonds, could need government bailout

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The fiscal reputation of Malaysia took another hit as troubled state fund 1Malaysia Development Berhad admitted that it had failed to make an interest...
Abu Dhabi claims Malaysia’s 1MDB defaulted on $1.1-billion-debt

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Abu Dhabi-based, stated-owned investment firm International Petroleum Investment Company (IPIC) said on April 18 that Malaysia's government fund 1Malaysia Development Berhad (1MDB) defaulted on...
Saudis confirm money for Najib was “donation”

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Saudi Arabia's foreign minister confirmed that a $681 million deposit in Malaysian Prime Minister Najib Razak's private bank account was a donation originating from...
Prominent companies named amid new 1MDB scandal of missing $4 billion

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Switzerland’s top prosecutor after months of investigation on January 29 said there are "serious indications" that $4 billion may have been misappropriated from state-owned companies...
FBI investigation into 1MDB added to Malaysia PM’s full plate

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The US Federal Bureau of Investigation (FBI) launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1Malaysia Development Berhad (1MDB), according...
Switzerland could turn the scales in Malaysia’s 1MDB scandal

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Although the Malaysian government is trying its best to return to a normal agenda after the scandal surrounding state-owned fund 1Malaysia Development Berhad has...
Four Thai hotel groups expanding in the Middle East

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With tourism on their home turf slowing, four Thai hotel companies are now expanding in the Middle East to tap the high-end hospitality market...
Mideast airlines heavily increase capacity to Singapore

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Qatar Airways, Etihad and Emirates are seen as the big winners after Singapore Airlines has been drastically cutting back flight capacity to the Middle...
Trends on UAE property market steady: Bayut

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The sales and rental market in the UAE's biggest cities Dubai and Abu Dhabi has been steady last year and will continue to stabilise...
Three Malaysian banks in merger talks

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Three Malaysian banks, including CIMB Group Holdings, said on July 10 that they are in merger talks, which, if successful, would create the country's...
Tapping the UAE’s digital opportunities

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Arabnet, the region’s hub for digital investment and innovation in the UAE, will host the ArabNet Digital Summit 2014 from June 3-5 at Atlantis...
Support for technology start-ups in the UAE recommended

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The UAE should provide more assistance to early-stage technology-based start-ups that serve as a "crucial bridge" between academia and industry, according to recommendations offered...