Banking & Finance
First Bank Abu Dhabi Begins To Auction Al Jaber’s Shangri-La in Dubai
The First Bank Abu Dhabi (FAB), the largest lender in the United Arab Emirates, has reportedly commenced with the auction process for a hotel in Dubai operated by the Shangri-La and owned by construction group Al Jaber.
Reuters reported that the starting price is AED 700 million ($ 190.59 million). FAB is the main lender for the Shangri-La hotel.
Al Jaber, the debt-ridden contractor, has been struggling since downturn hit the real estate and construction market in the UAE.
The auction marks the first step by creditors to “recover funds after delays to a restructuring agreement for 5.9 billion dirhams of debt last year,” sources told Reuters.
Creditors for Al Jaber group includes Abu Dhabi lender Abu Dhabi Commercial Bank.
SafaQat Platform Attracts National Investment to Boost Digital Transformation
Future Fund Oman Approves Projects worth RO1.2 Billion
Foreign Direct Investment in Oman Surpasses RO30 Billion
Workshop Highlights Oman’s Circular Economy Gap Calculation Project
LuLu Exchange & LuLu Money Partner with the Argentine Football Association
Sohar International Partners as Main Sponsor for Refill 3, a Culinary and Cultural Festival Driving Tourism in Khareef Dhofar
Tender results of Government Treasury Bills worth RO21.7 million issued
SPIEF 2025 exhibits Russia’s economic developments and cultural heritage
SPIEF 2025 achieves significant milestones across sectors
SPIEF 2025 stresses on global dialogue and a multipolar world
Power And Beyond: The Path To A Low-carbon Future
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Al Mouj Muscat unveils Ghadeer Villas
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
OQ Gas Networks S.A.O.G Announces Intention To Float on the Muscat Stock Exchange
-
Banking & Finance1 month agoOman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months agoOER, May 2025
-
Bahrain1 month agoSPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months agoCentral Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance3 weeks agoNational Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Insurance2 months agoLiva Insurance Sets New Benchmark with ‘Innovative Insurer of the Year’ Award at the New Age Banking Summit 2025
-
Banking & Finance1 month agoThe Future of the International Financial System to be discussed at SPIEF 2025
-
Energy4 weeks agoRussian Energy Week from October 15-17, 2025 offers alternative formats of cooperation