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Naqvi cheque bounce case adjourned to Aug 28A court in Sharjah, UAE, has adjourned the hearing of a cheque bounce case against Arif Naqvi, founder of the private equity firm Abraaj, to tomorrow (August 28), reports said. This is second such case against More… |
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Abraaj founder faces fresh criminal case over $300m loanArif Naqvi, the founder of Dubai investment group Abraaj, has been hit with another criminal case in the UAE for allegedly issuing a $217-million cheque with insufficient funds, as the private equity group struggles to effect a court-driven rest More… |
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Abraaj founder faces fresh criminal case over $300m loanArif Naqvi, the founder of Dubai investment group Abraaj, has been hit with another criminal case in the UAE for allegedly issuing a $217-million cheque with insufficient funds, as the private equity group struggles to effect a court-driven rest More… |
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Six firms in race to run Abraaj's health fund: reportAt least six firms including Colony Capital, TPG and Cerberus Capital Management are vying to run troubled Abraaj Group’s $1 billion healthcare fund, a More… |
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Abraaj agrees to sell 4 major market funds to US groupAbraaj Holdings along with its unit Abraaj Investment Management Limited (AIML) has reached an agreement with Colony Capital, a leading global real estate and investment management firm, on the sale of four of its leading emerging markets funds More… |
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Abraaj agrees to sell 4 major market funds to US groupAbraaj Holdings along with its unit Abraaj Investment Management Limited (AIML) has reached an agreement with Colony Capital, a leading global real estate and investment management firm, on the sale of four of its leading emerging markets funds More… |
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Crisis-hit Abraaj sells Orascom Construction stake for $52mDubai-based Abraaj Group has sold its entire stake in Egypt’s Orascom Construction for $52 million as the private equity firm seeks to restructure amid allegations of misused funds, reported Bloomberg. Abraaj has been und More… |
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Air Arabia shares hit on exposure to Abraaj fundsSharjah-based lowcost carrier Air Arabia swung between gains and losses after the airline disclosed exposure to funds managed by Abraaj Group, the Dubai-based private equity firm that’s battling creditors, said a report. The More… |
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Dubai fund Abraaj set to slash nearly 15pc jobsAbraaj Group, the Middle East’s largest buyout fund, is cutting about 15 per cent of its total workforce as it seeks to trim costs, placate investors and curb the tumult that followed allegations of misused funds, said a report, citing p More… |
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Abraaj in major revamp, names new leadership teamUAE-based Abraaj, a leading investor operating in emerging growth markets, has announced broad changes to the firm’s governance and operating model and also the appointment of a new leadership team. Core to the re-orga More… |
