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...With additional reporting from Sujeet Indap in New York, Kana Inagaki in Tokyo and Simeon Kerr in Dubai...
...Instead, the Vietnamese group opted to merge with the Hong Kong-based blank-cheque company Black Spade Acquisition and not raise outside money....
...IHC has said much of the increase in value stems from the transfer of assets from Royal Group, another Abu Dhabi conglomerate....
...Chaired by Sir Michael Rake, former president of the CBI business group, the board also includes Lord Stuart Rose, the former chair of Marks and Spencer....
...The drama at MAF Group has underscored the urgency of federal government moves to draft a family business law, aimed at improving governance and smoothing succession....
...City Football Group is controlled by Abu Dhabi and Mubarak is its chair....
...Abu Dhabi’s state oil company has sealed a long-term investment partnership with a consortium led by Apollo Global Management, which is taking a 49 per cent stake in the group’s real estate assets valued...
...According to a prospectus for a debt sale by NMC filed in London in 2018, the group does not hold direct licensing rights to run medical facilities and pharmacies....
...The advanced book build has aggravated investor concern about the Abu Dhabi-based healthcare group....
...While NMC's shares are suspended, the group's debt is still freely traded and plunged in value on Thursday....
...On Tuesday, Muddy Waters raised “serious doubts” about NMC’s finances in a 34-page report that questioned the group’s asset values, cash balance, reported profits and debt levels....
...The group said it had a short position but did not reveal that size....
...Colony will also supervise Abraaj’s older funds on an interim basis, the statement said, “so the group and all its stakeholders have a comprehensive global solution in place.”...
...DD has a soft-spot for the translucent grand piano that is stuck inside Miranda Kerr’s Malibu apartment....
...Binladin Group, the Saudi contractor whose chairman Bakr Binladin was caught in the graft dragnet, said on Saturday that some of its shareholders may have handed stakes in the Jeddah-based company over to...
...Amazon Web Services — the US group’s cloud computing division — has opened offices in Dubai and Bahrain....
...Amazon Web Services — the US group’s cloud computing division — opened offices in Dubai and Bahrain in January....
...The Maybourne Group, which comprises Claridge’s, the Connaught and the Berkeley, declined to comment....
...Additional reporting by Caroline Binham, Simeon Kerr and Kate Allen...
...Mr Spiegel’s fiancé, model Miranda Kerr, joined him at the NYSE, among a Snap entourage of about 100 people including employees, board members and family....
...Warburg Pincus and General Atlantic have bought The Abraaj Group’s stake in Network International, the Emirati payments provider, in one of the year’s biggest Middle Eastern private equity deals....
...Meanwhile, Qatar Airways has leased an office in Trump Tower on New York’s Fifth Avenue for at least seven years, and Dubai’s Landmark Group began selling products by Trump Home, a lifestyle furniture brand...
...Digiturk, which boasts about 3.5m subscribers, is owned by Turkish conglomerate Cukurova Group and Providence Equity Partners, the private equity firm....
Member of royal family takes helm at global investor QIA
...Dubai International Capital has agreed to sell Mauser Group for about $1.7bn as the state-linked private equity group speeds up asset sales to repay debts....
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