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Road to Net Zero

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Road to Net Zero

Music & On-stage

Fashion & Beauty

Road to Net Zero

Music & On-stage

Fashion & Beauty

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Abraaj

Abraaj Group was the Middle East's largest private equity company before it collapsed in 2018. Its founder was Arif Naqvi

Shuaa Capital increased assets under management to $14bn by the end of 2019. Jaime Puebla / The National

Shuaa swings to Q1 loss on Abraaj exposure

BankingMay 16, 2019

Arif Naqvi, founder of the Abraaj Group, faces charges of financial wrongdoing related to his company. Reuters

UK charity linked to Arif Naqvi faces winding up after Abraaj collapse

EuropeMay 11, 2019

Arif Naqvi out on bail in the UK is awaiting extradition to the US. Bloomberg

Exclusive interview: Ex-Abraaj CEO Arif Naqvi breaks his silence

MarketsMay 10, 2019

Turkey's central bank has taken additional liquidity steps to bolster the lira. Reuters

Turkish state banks sell dollars to support falling lira

MoneyMay 10, 2019

Air Arabia reported a loss in 2018 after impairments related to its exposure to Abraaj. Antonie Robertson / The National

Abraaj is version two of Lehman Brothers, says Air Arabia chief

AviationApril 30, 2019

Mustafa Abdel-Wadood, the former managing partner of the Abraaj Group, appeared before a New York court on Tuesday. The Abraaj Group

Abraaj executive faces US trial in November

BusinessApril 24, 2019

Dr Shamsheer Vayali, vice chairman and managing director of Amanat Holdings and founder of VPS Healthcare. (Photo: Reem Mohammed/ The National)

Amanat vice chairman's prescription for a future of healthy growth

BusinessJanuary 29, 2019

Abraaj founder Arif Naqvi faces lawsuit from Sharjah-based low cost carrier Air Arabia.

Abraaj founder's lawyer to 'vigorously' defend Naqvi in Air Arabia lawsuit

AviationJanuary 20, 2019

“We believe these [Africa and Turkey] markets are under-served so there is a great opportunity to play an active role in financing emerging companies that are coming out of there,” said Mr Ghandour, a partner at Wamda Capital. Reem Mohammed / The National

Exclusive: Wamda Capital to launch second $70m VC fund

EconomyDecember 26, 2018

"A good part of our investment program will be financed with banks but we consider the possibility of a bond for next year," Mr Sultan said.Reuters

Exclusive: Agility mulls $1bn bond in 2019 and is confident in Abraaj bid

MarketsDecember 12, 2018

Last month, Agility said it will invest $100 million in a digital logistics platform that allows small businesses and entrepreneurs to manage their freight and deliveries online. AFP

Kuwait's Agility third-quarter profit up 12.3 per cent

MarketsNovember 11, 2018

Arif Naqvi, founder and CEO of Abraaj Group, denies allegations of misuse of investor funds. REUTERS

Abraaj founder denies improper transfer of investor money

BankingOctober 18, 2018

Visitors from across the region attended the Gitex 2018 in Dubai. We discuss the economic outlook for the region in this week's Business Extra podcast. AFP

Business Extra: What is driving the outlook for the UAE?

EconomyOctober 18, 2018

Abraaj occupies two office floors in a building within the DIFC's Gate Village. Jeff Topping / The National

Abraaj asked to vacate a DIFC office by end of the month

BankingSeptember 26, 2018

Emirates NBD posted a 30 per cent increase in net profit attributable to equity holders for Q2 2018, and Dubai Islamic Bank reported a 14 per cent increase in net profit, according to bourse filings. Pawan Singh / The National

Emirates NBD, DIB report higher-than-forecast Q2 net profit

BankingJuly 18, 2018

Tom Barrack is the chief executive of Colony Capital. The firm may have to rethink its Abraaj strategy. AFP

Colony Capital said to hit headwinds over deal for Abraaj funds

EconomyJuly 05, 2018

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