Middle East Business Review – 20 Mar

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Abraaj Capital eyes India for investment, expansion

Abraaj Capital, the Middle East’s largest private equity firm, has announced plans to expand further in India. Dubai-based Abraaj joined hands with Sabre Capital, a leading private equity firm in India, to form Sabre Abraaj Capital in 2006. Both Abraaj Capital and Sabre Capital have equal partnership in the joint venture. Sabre Abraaj Capital launched a US$250 million fund that invested in both listed and unlisted Indian companies. Click here to read more details…

Western weapons makers battling out to win UAE warplanes contract

European defence group insisted it is still in the running to sign a multi-billion dollar deal for fighter jets for the United Arab Emirates. The British ministers expressed their hope on Tuesday amid reports that France is close to clinching the multibillion contract. Click here to read in detail…

Saudi opening up of skies to foreign airlines draws huge interest

Riyadh’s announcement of opening up its skies to foreign airlines has attracted the interest of fourteen companies to obtain a licence, including Saudi-owned companies, Gulf-Arab firms and consortiums of Saudi-Gulf and Saudi-Chinese companies, the General Authority of Civil Aviation (GACA) said. Click here to read in detail…

Saudi, China in consensus to boost trade

State-run Saudi Press Agency (SPA) announced its finance minister held successful talks with Chinese vice trade minister over possible joint ventures in petrochemicals and banking on Tuesday. The moves are being seen as part of a wider Chinese push into the oil exporting Gulf. Click here for more details…

US wary of Israeli war on Iran, claims NY Times report

A leading American newspaper cited a classified US war simulation report that said an Israeli attack on Iran would spark a broader regional war involving the United States. Click here to read in detail…

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