Itqan Capital and partner D3 Consultants unveiled plans to launch an education-focused private equity fund in the Gulf region.

The offered senior notes from Renaissance is worth USD350 million with a five year term. Renaissance Services, an Omani based firm, announced last Monday that its subsidiary, Topaz Marine was in the process of marketing a five year USD350 million senior note offer.

According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost investor capital in the United Arab Emirates.

Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.

Invest AD, the distribution firm for Red Bull Energy Drink, was recently bought by Mezzan Holding Co to expand its consumer related business portfolio.

The prospects of EZChip of Israel improved as Verizon announced its latest LTE programs. The second largest chipmaker in Israel, EZchip Semiconductor Ltd, jumped to its one month high on prospects that the company would benefit from the projected capital spending of Verizon Communications Inc.

Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.

The Kuwaiti Investment Authority's property division St Martins is in discussion to purchase the More London complex.

Toyota Motor Sales USA voluntarily recalled some cars because of problems encountered with the airconditioning condenser unit housing.

One of Oman's largest construction firms have issued a rights issue that was 96% oversubscribed.