Wednesday 30 July 2014
 
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Al Jaber

Al Jaber inks UAE rail transport services deal

Al Jaber Crushers & Quarries, a subsidiary of Al Jaber Group, has signed a MoU with Etihad Rail, the developer and operator of the UAE’s national railway, to utilize their services for its logistics operations. As per th

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New chairman, CEO for Masdar

Mubadala Development Company, the Abu Dhabi-based investment and development company, has appointed Dr Sultan Ahmed Al Jaber as chairman of the board of Masdar, Abu Dhabi’s renewable energy company, and Dr Ahmad Belhoul as the CEO.

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Citi, IBQ hold up Abu Dhabi firm's $4.5bn debt talks

Citigroup and International Bank of Qatar (IBQ) are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi conglomerate Al Jaber Group, further complicating drawn-out talks, three sources familiar with the matter said.

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ALEC installs Microsoft collaboration tool

UAE-based construction firm Al Jaber LEGT Engineering and Contracting (ALEC) has installed Microsoft Sharepoint, a Web application platform, to enhance collaboration, productivity and efficiency for its business. The platform, ent

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Al Jaber CFO resigns amid debt talks

The chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion debt restructuring, has resigned, two sources aware of the matter told Reuters on Wednesday. Richard Hollands, who joine

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Al Jaber, top creditors agree debt terms: sources

Abu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o

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Al Jaber close to debt standstill deal

Abu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday. Al Jaber, a family-owned

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Al Jaber in top management reshuffle

Al Jaber Group, a family-held conglomerate in the midst of a $1-billion plus restructuring, will hire a new chief executive to replace the founder's son, three sources told Reuters. A recruitment firm has been retained to bring in a n

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Al Jaber sponsors Qatar Projects 2012

Al Jaber & Partners (AJP), part of the Al Jaber Group – UAE and one of Qatar’s leading infrastructure and energy contractors is a bronze sponsor of Qatar Projects 2012, a leading energy and infrastructure event. Qatar Projects takes pl

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$494m Lusail City development on track

The QR1.8 billion ($494 million) Lusail City Development Project, which started in May 2008, is on schedule to take 43 months to complete, said Al Jaber & Partners (AJP), one of Qatar’s leading infrastructure and energy contractors. Th

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