Shares in Dana Gas shot up on Tuesday, hitting a four-month intraday high, on speculation the firm had won an arbitration case aimed at recovering money owed to it abroad.
Etisalat may issue paper of five and 10 years duration denominated in U.S. dollars, as well as offerings in euros with lifespans of seven and 12 years.
Dubai’s real estate authority has also issued an official notice to all registered brokers warning them to refrain from cold calling property owners who do not wish to sell.
Arabtec is also planning to invest about $60 billion in Egypt over the next three years in sectors such as real estate development, infrastructure, trains, airports, and oil and gas.