Sunday, February 26, 2017

Business News


Evercore said to plan Dubai office amid Saudi Aramco IPO talks

Evercore Partners Inc., the investment bank founded by Roger Altman, is planning to open an office in Dubai as it seeks new business in the region, including a role on Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter. Evercore is in discussions to become ...

Read More »

Saudi Arabia names AlSayari new debt head as it plans bond sale

Saudi Arabia named Ayman AlSayari acting head of the kingdom’s debt management office, which will be responsible for raising as much as $15 billion from international bond sales this year. AlSayari, who has been deputy governor for investment at the Saudi Arabian Monetary Authority since 2013, will also keep that ...

Read More »

Telecom rivals come together to urge faster move to 5G standard

Some of the biggest companies in telecommunications – including fierce competitors – are getting together to push for a quicker introduction of the next generation of high-speed mobile phone networks. Companies ranging from service providers such as AT&T Inc. and SK Telecom Co. to handset makers such as LG Electronics ...

Read More »

UAE carriers respond to UK aviation regulator’s claims over delayed flights

Emirates Airline and Etihad Airways have rejected the UK Civil Aviation Authority’s (CAA) accusations of denying passengers compensation for delayed flights. That’s after the British aviation watchdog warned of action against five airlines that allegedly failed to compensate travellers who missed connecting flights due to delays on the first leg ...

Read More »

Loyalty to employers leaves UK millennials out of pocket

Millennials may have a reputation for job hopping but new UK research shows that the reverse is true. And that’s hitting their pay packets. One in 25 people born in the mid-1980s moved jobs before turning 30, about half the rate for those who were born a decade before them, ...

Read More »