BusinessLatest Business and Company Updates
Mubadala deepens Indonesia gas foothold
Mubadala Energy has tightened its grip on one of Southeast Asia’s most closely watched offshore gas provinces after winning the Southwest Andaman exploration Production Sharing Contract in Indonesia, a move that extends the Abu Dhabi-based company’s push to build scale in the country’s Andaman basin. The block was awarded by
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Air Arabia profit falls on airspace squeeze
Air Arabia’s first-quarter profit fell 22 per cent as regional conflict disrupted flying, closed airspace and forced temporary operational limits, even as the Sharjah-based low-cost carrier kept revenue broadly stable and filled a higher share of available seats.The carrier reported
StanChart gains Saudi fund mandate
Standard Chartered Capital Saudi Arabia has secured regulatory clearance to manage investments and operate funds in the kingdom, giving the London-listed banking group a wider platform in one of the Gulf’s fastest-expanding capital markets.The approval from the Capital Market Authority
Bain Capital deepens Abu Dhabi push
Bain Capital has opened an office in Abu Dhabi Global Market, expanding its Middle East presence as the private investment firm seeks closer ties with regional investors, broader support for portfolio companies and a stronger position in sectors that match
