The Abraaj Group sells its shares in Opalia Pharmaceuticals to Recordati. The Abraaj Group of Dubai recently announced it full exit from Opalia Pharma of Tunisia.
Firm Management
Embraer under investigation by US and Brazilian authorities
Embraer under fire for corruption charges in the Dominican Republic. American and Brazilian authorities are determining whether Embraer SA had bribed Dominican Republic officials for the grant of a USD90 million contract for attack planes for the country's armed forces.
LightSquared sues GPS manufacturers for broken promises
A lawsuit was filed by LightSquared against manufacturers of its GPS equipment for broken promises as to the capacity of the machines.
Dell Inc pays out executive shares above conversion value
Dell Inc had paid out executives for its shares not rolled over into the newly privatized Dell. The directors and top executives of Dell Inc. had received a total of USD59.
PwC to review 'gogreen' policy for Indian telecoms industry
PricewaterhouseCoopers is set to assess the 'gogreen' policy and its implementation in the Indian telecommunications industry.
Latest News
The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.
Recovery measures such as arbitration, negotiation and litigation are the means that MMG would recover due amounts receivable.
Hoteliers in UAE are in conflict as to the recommendation to impose a price ceiling on hotel rates. A hotelier in Dubai had called for the UAE tourism authority to introduce a ceiling on hotel rates to control the market.
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
Diwali, the Indian festival of lights, have caused Indians to loosen purse strings despite high inflation.
WalMart, Sears, Macy's and other retailers are now doing their best to increase sales for the coming Christmas season.
Daylight Savings Time was meant to conserve energy, but it creates more losses in the US economy. WIth temperatures falling and landscapes needing less tending, these are the reminders that daylight savings time would be coming to an end by Sunday.
A lukewarm response was the tone for the launch of the newest iPad version, the iPad Air. It had become commonplace that droves of loyalists and enthusiasts would await the launch of the latest Apple product to the market.
Dan Dees, co-head for investments banking for Goldman Sachs Asia, would be assuming a global role for the bank in the next few months.
