abraaj group

UK court allows extradition of Abraaj founder Arif Naqvi to US

The judgment was announced by Westminster Magistrates Court. Naqvi facing at least 16 charges including… Read More

Fraud charges: Abraaj founder, CEO Arif Naqvi arrested in UK

Naqvi's managing partner Mustafa Abdel-Wadood was arrested at a New York hotel on Thursday, Assistant… Read More

Abraaj assets to be taken over by Commercial Bank of Dubai

The move comes after Noor Bank, which lent Abraaj around $100 million, recently got the… Read More

KE request refused by NEPRA for high tariff- declared new tariff as Rs12.82/KWH

KARACHI: K-Electric (KE) request for hike in power tariff is rejected on Thursday by the… Read More

Abraaj founder, Naqvi faces cheque bounce charges in UAE

Dubai: The founder of the Abraaj Group, Arif Naqvi is facing criminal investigation in the… Read More

Int’l companies term Pakistan an investment friendly country

DAVOS: Senior Executives of leading International companies have termed Pakistan as one of the most… Read More

Abraaj sells K-Electric shares to Shanghai Electric worth $1.77 bn

The Abraaj Group on Sunday announced that it has agreed to divest its 66.4% shareholding… Read More

China’s Shanghai Electric to buy K-Electric for $1.6 bn

KARACHI: Chinese multinational Shanghai Electric is set to buy the K-Electric utility serving Pakistan's biggest… Read More

Shanghai Electric bids for stake in Pakistan’s K-Electric

SHANGHAI, CHINA: China's state-backed Shanghai Electric Power said it is bidding to acquire a stake… Read More

Abraaj to consider options for K-Electric stake

REUTERS: Abraaj Group has mandated Citigroup to evaluate options for its indirect stake in Pakistani… Read More