Levant Capital and Citi Venture Capital International have acquired a major stake in the Al Raya supermarket chain.
The Bahraini carrier said that the sum has been outstanding from the time Oman pulled out of Gulf Air in 2007.
The company is reportedly in talks with banks for a loan to repay its $3 billion deal that matures in October.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
The financial centre welcomed 56 new companies in 2011 and is eyeing companies from emerging markets.
The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.
Google found nearly half of the UAE uses the web for online banking and research.
The Habtoor Leighton Group (HLG), part of Australian firm Leighton, will work on the $1.3 bn Habtoor Palace project.
The telecoms operator said it is discussing restructuring options as it struggles to stall dropping profits.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
The bank has mandated Emirates NBD Capital, HSBC and Standard Chartered Bank to arrange investor meetings.
Victoria’s $16.5 billion tourism industry has benefitted from Emirates’ marketing efforts, which include the Melbourne Cup
The transaction is set to create the world’s largest SME focused private equity group.
The region may even top the world in terms of growth of wealthy individuals this year, according to experts.
The recently inaugurated Green Line saw more than 11.8 million passengers during its first five months.
Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The DIFCI bond is in the spotlight as investors weigh Dubai’s refinancing risks in 2012.
Egypt expects to sign the IMF loan next month and will receive one-third of the funds immediately upon signing, said minister.
Aramco signed an initial deal with Indonesia’s state energy firm, PT Pertamina, to look into building a petrochemicals project in Indonesia
In the battle for customers during the recession, conventional and Shariah-compliant banks have sharpened their game.
Prince Alwaleed says his upcoming Arabic news channel will stand out from the competition.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The company’s net profit in Q4 2011 increased by 161 per cent year-on-year.
Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.
The region’s finances are back on track said the London Business School in Dubai.
The bank reported that net profit for the full year increased by six per cent from 2010.
Issuers and investors remained wary of volatility in the capital markets, according to PwC.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.