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Investcorp, Standard Life plan to raise up to $1bn for Gulf fund

Investcorp, Standard Life plan to raise up to $1bn for Gulf fund

Bahrain’s Investcorp Bank and Standard Life Aberdeen plan to raise $800 million to $1 billion for a fund to invest in infrastructure in the Gulf Cooperation Council.

The venture between the Bahrain-based alternative-assets manager and the Scottish firm’s Aberdeen Standard Investments unit will focus on healthcare, education and utilities. It may a

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Almost 50,000 jobs created in Dubai in first nine months of 2018

Almost 50,000 jobs created in Dubai in first nine months of 2018

Nearly 50,000 job vacancies were opened over the course of nine months in 2018, according to official statistics from the UAE Central Bank.

According to the data, a total of 45,900 jobs were created between January and September, representing a 1.8 percent increase from the same time before in 201.

The report noted that Dubai is the primary driver

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OSN to drop all sports channels except for cricket

OSN to drop all sports channels except for cricket

Dubai-based broadcaster will retain only OSN Sports Cricket HD and Ten Sports from March 31

The broadcaster will no longer provide coverage of tournaments such as the US PGA or any other sport, but will keep its cricket coverage.

OSN has announced it will retain only two cricket channels as part of its sports content portfolio.

CEO Patrick Tillieux

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Oman to see 40 million airport passengers by 2030

Oman to see 40 million airport passengers by 2030

Oman will see as many as 40 million passengers fly through the Gulf country by 2030, according to the Oman Aviation Group, which was set up in 2018 to develop the sultanate’s aviation sector.

Since its establishment, the group created over 980 direct Omani jobs and supported nearly 8,000 indirect jobs in Oman. It also played a major role in

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Airbus could make a call about the fate of the A380 tomorrow

Airbus could make a call about the fate of the A380 tomorrow

Airbus might make a statement on the fate of its A380 programme during its earnings report tomorrow, according to reports. 

French plane maker Airbus is due to make it’s full year earnings announcement on February 14.

Forward looking statements will likely need to address a loss of nearly $5.65 billion in contracts at book value, contributed to in

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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