Monday 5 December 2016
 
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Al Jaber

Efficiency, value creation key in new oil era: Adnoc CEO

Oil producers who focus on efficiency, value creation, commerciality and excellence will be successful in an era of unpredictable oil prices, said Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO. Delivering the keyno

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Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

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Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

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Al Jaber misses $4.5bn debt payment deadline

Al Jaber Group missed a March repayment on its $4.5 billion restructuring, three sources aware of the matter told Reuters on Tuesday, adding pressure on the Abu Dhabi-based conglomerate to quickly secure a new debt deal to save it from collapse.

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Al Jaber hires Khannak as CFO

Abu Dhabi family-owned conglomerate Al Jaber Group, which is seeking to renegotiate a debt restructuring put in place last year, has hired Ala Khannak as its new chief financial officer, two sources aware of the matter said on Wednesday.

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Al Jaber hires Khannak as CFO

Abu Dhabi family-owned conglomerate Al Jaber Group, which is seeking to renegotiate a debt restructuring put in place last year, has hired Ala Khannak as its new chief financial officer, two sources aware of the matter said on Wednesday.

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Al Jaber seeks new terms for $4.5bn restructured debt

Abu Dhabi-based conglomerate Al Jaber Group is talking with banks to refinance around $4.5 billion of debt it restructured last year to improve terms imposed by creditors, three sources aware of the matter told Reuters. It is the

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Al Jaber Group suspends CFO

Abu Dhabi's Al Jaber Group, which restructured substantial debt last June, has suspended its chief financial officer (CFO) ahead of disciplinary action, the conglomerate said on Wednesday. Sam Deeb, the group's CFO, was ap

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Al Jaber unit wins contracts worth $1bn in Dubai

Abu Dhabi-based Alec, a subsidiary of Al Jaber Group, a multi-faceted group of companies, has won new contracts worth approximately Dh4 billion ($1.08 billion) in Dubai, UAE, in the last three months, a report said. Residences at

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Al Jaber wins $545m road-building contracts

A subsidiary of Abu Dhabi's Al Jaber Group has won two road-building contracts in the UAE emirate worth about Dh2 billion ($545 million) combined, the company said on Monday. Abu Dhabi General Services Company awarded the cont

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