Abu Dhabi conglomerate Al Jaber Group, which agreed a debt restructuring in June, has won a Dh2.57 billion ($699.8 million) contract to build 40 residential buildings in the UAE emirate, it said on Tuesday.
State-owned Abu Dhabi N
Saint-Gobain PAM has signed two contracts with Qatar's Al Jaber Engineering worth a total of €200 million ($268 million) for the supply of large-diameter pipes, fittings and valves.
The products will be mainly manufacture
Al Jaber Crushers & Quarries, a subsidiary of Al Jaber Group, has signed a MoU with Etihad Rail, the developer and operator of the UAE’s national railway, to utilize their services for its logistics operations.
As per th
Mubadala Development Company, the Abu Dhabi-based investment and development company, has appointed Dr Sultan Ahmed Al Jaber as chairman of the board of Masdar, Abu Dhabi’s renewable energy company, and Dr Ahmad Belhoul as the CEO.
Citigroup and International Bank of Qatar (IBQ) are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi conglomerate Al Jaber Group, further complicating drawn-out talks, three sources familiar with the matter said.
UAE-based construction firm Al Jaber LEGT Engineering and Contracting (ALEC) has installed Microsoft Sharepoint, a Web application platform, to enhance collaboration, productivity and efficiency for its business.
The platform, ent
The chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion debt restructuring, has resigned, two sources aware of the matter told Reuters on Wednesday.
Richard Hollands, who joine
Abu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o
Abu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday.
Al Jaber, a family-owned
Al Jaber Group, a family-held conglomerate in the midst of a $1-billion plus restructuring, will hire a new chief executive to replace the founder's son, three sources told Reuters.
A recruitment firm has been retained to bring in a n