Air Arabia finalizes a deal for loans from two GCC banks to help pay for the ordered A320 Airbus fleet.
Corporations
Etisalat Awaits Response on Maroc Bid
Etisalat has yet to receive a response from Vivendi on its Maroc Telecom bid, according to its CEO. Etisalat is still awaiting advice from Vivendi as to its submitted bid for its 53% shareholdings in Maroc Telecom.
West African Iron Ore to Boom
With the agreement between Afferro and IMIC, West African iron ore projects is set to boom. Afferro has entered into an agreement for a US$190 million cash and paper bid from investment group IMIC.
CIBC set to expand business in Central Canada and Atlantic Provinces
CIBC is gearing to expand its private wealth management business in Central Canada and Atlantic provinces.
Yahoo Hedges on Tumblr for Success
Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
Latest News
Dar Al Arkan lowers yield of new sukuk bond issue to 6%. Dar Al Arkan, the Saudi Arabian real estate developer, after its previous announcements has now tightened the price range of its planned sukuk issue.
Grifols acquires exclusive licensing agreement as well as future shares in Aradigm. In an announcement, Grifols SA said that it was signing an exclusive licensing agreement for Aradigm's Pulmaquin and othe proprietary drug concoctions on inhaled ciprofloxacin.
Cermaq fails to obtain the requisite number of shareholder votes to approve the takeover bid for Copeinca.
Softbank issues a waiver of some of the provisions of the merger agreement to allow Sprint to discuss and negotiate with Dish despite their standing agreement.
El Corte Ingles now seeking restructuring its debt and other obligations. The largest department store chain in Europe, El Corte Ingles SA, has engaged the services of Morgan Stanley to assist in the drafting of a restructuring plan for its Eur5 billion debt.
Royalty Pharma increases offer for Elan. Royalty Pharma has increased its offer to purchase Elan Corp by 12%. The new bid is now worth US$6. 4 billion, even after the Irish drugmaker has been making moves seeking to prevent the takeover bid and boost revenues for the company.
Payvia purchases Mogreet for its service enhancement. In an announcement by the leader in online and mobile payments, Payvia, it said it had purchased Mogreet, the renowned cloud-based communications program that enables businesses to entertain their mobile clients using enhanced media, video and text messaging.
Zyme Solutions receives new capital infusion. Zyme Solutions disclosed on Monday that it accepted new equity capital infusion to enable them to increase its growth to be able to meet the demand for its solutions.
Websense purchased by Vista Equity Partners. The world leader in providing security to organizations from the recent data theft and cyber attacks, Websense, Inc, disclosed that it got into a finalized acquisition agreement by the primary equity firm that concentrates on investments in data, software and technology based businesses, Vista Equity Partners.
