Meraas Holding and Emaar Properties announced an engaged joint venture for the development of a premium lifestyle community, Dubai Hills Estate.
Industry
Foreign investors divest US government bonds
Foreign investors, such as China and Japan, have started divesting their US bond holdings. (Photo : Reuters)The image is a bunch of 'Benjamins' in a row.
Emerging Debt Trading Decline by 12% in 2013's First Quarter
Emerging debt market trading fell by 12% in the first quarter of 2013. (Photo : Reuters)The image is the facade of the New York Stock Exchange. The trading volume for debts from emerging markets declined by 12% in the first quarter of 2013 compared to the previous year.
Canadian Dollar steady, but not for long
The Canadian dollar remains steady against the US dollar, but may change once the Federal Reserve Chairman makes his remarks on quantitative easing.
Curacao retains rating but S&P lowers outlook
Curacao retained its A minus credit rating from Standard and Poor's but declines in outlook. (Photo : R)The image is the corporate headquarters facade of Standard & Poor's.
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Arabtec Holding announced on Sunday that is has signed a joint venture contract for US$629 million. (Photo : Reuters)The image is the facade of one of the projects of Arabtec.
Royal Bank of Scotland CEO Stephen Hester was urged by the bank's board to step down prior to the government's sale of its 81% stake.
East African bloc struggled to draw investment from foreign units. (Photo : Reuters)The image is an African man looking over an oil extraction rig. East African Community economies struggled to draw foreign investment due to internal problems.
Dish Network is confronted with additional US$1.2 billion cost from taking Sprint Nextel Corp. (Photo : Reuters )Dish Network Corp. 's Chairman Charlie Ergen dismissed speculation his surprise $2.
OCI Partners LP filed an IPO valued at US$480 million with the US regulators on Friday. (Photo : Reuters)The image is an industrial gas plant depot. OCI Partners LP, a strategic methanol and ammonia plant in Texas, filed an initial public offering priced at US$480 million with the US regulators.
Trinseo SA withdrew its proposed US$400 Million initial public offering on Friday. (Photo : Reuters)The image shows a division of a plastic factory. Plastic manufacturer Trinseo SA said on Friday that it had decided to withdraw its proposal for an initial public offering.
Sources state that Cinven is in exclusive discussions with Germany-based CeramTec priced at Eur1.5 billion.
International Automotive Components announced its IPO filing valued at US$115 Million with BofA Merrill Lynch, JP Morgan and Deutsche Bank Securities as its underwriters.
According to sources, Vodafone considers to improve its bid for Kabel Deutschland after the said deal to purchase the company at Eur81 per share.
