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Cerberus Capital walks away from offer for Abraaj funds

Cerberus Capital walks away from offer for Abraaj funds

Cerberus Capital Management has pulled out of the bidding process for Abraaj Group’s asset-management platform after its offer was rejected by investors of the embattled Dubai-based private equity firm, according to people familiar with the matter.

Cerberus, whose offer of about $25 million for the rights to manage the platform was the lowest

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Dubai nature reserve set to host 270km ultra marathon

Dubai nature reserve set to host 270km ultra marathon

Dubai's Al Marmoom Desert Conservation Reserve will host the world's longest desert ultra-run later this year.

The Al Marmoom Ultramarathon is a 270km, 100km and 50km race across desert terrain and will be held on December 11-15.

A serious challenge for ultra runners, the 270 km will be completed in four days while the 100km and 50km races are

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Bahrain Olympic champion faces action over alleged doping offence

Bahrain Olympic champion faces action over alleged doping offence

Olympic steeplechase gold medallist Ruth Jebet is among 109 athletes and coaches facing disciplinary action for alleged doping offences, the Athletics Integrity Unit (AIU) announced Friday.

The AIU, the independent body that manages all doping and non-doping integrity-related matters in athletics, took the step of releasing the details to protect

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Revealed: how mobile phone services dominate UAE telco revenues

Revealed: how mobile phone services dominate UAE telco revenues

The number of subscribers to telecommunications services in the UAE - via mobile phones, landlines and the internet - rose to around 24 million during the first five months of 2018, up by around 2 percent compared to the end of 2017.

According to the latest statistics issued by the Telecommunications Regulatory Authority (TRA), all sectors

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China's President holds talks with UAE leaders in Abu Dhabi

China's President holds talks with UAE leaders in Abu Dhabi

China's President Xi Jinping held talks Friday with top UAE leaders on ways of bolstering bilateral relations on the second day of a visit ahead of a three-nation Africa tour.

Xi met UAE Vice President Sheikh Mohamed bin Rashed al-Maktoum, who is also ruler of Dubai, and Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan in Abu Dhabi, the crown price

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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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