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SoftBank invests $200 million in Abu Dhabi fund for European start-ups

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The fund will reportedly help Mubadala, Abu Dhabi's state investment firm, invest up to $30 million in European start-ups.

 

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Etihad restructures plane purchases amid fiscal turbulenceDUBAI, United Arab Emirates (AP) — Abu Dhabi-based Etihad Airways said Thursday it has restructured planned airplane purchases from both Airbus and Boeing as the government-owned carrier struggles through serious financial turbulence. Once making headlines in 2013 for fleet purchases valued at $67 billion, Etihad has seen its strategy of rapidly buying stakes in other airlines to expand its global footprint expose it to major losses. In its last two reported financial years alone, the airline hemorrhaged nearly $3.5 billion in losses. Full-year results for 2018 for the company are expected in the summer. I see Abu Dhabi also slashed new airport fit out costs. Sheikh blew all the cash on his palace. If they buy Airbus dont let them fly too america!
Source: AP - 🏆 728. / 51 Read more »