Middle East

Islamic Development Bank planning sukuk programme at Dubai

In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.


Oman Oil Company acquires Oxea from Advent International

Oxea was purchased by Oman Oil Company from Advent International for EUR1.8 billion. An agreement was formalized between Oman Oil Co and Advent International for the purchase of Oxea.

Tamkeen CEO resigns post

Bahraini businessman Mahmood Al Kooheji quit his post as Tamkeen CEO without providing a reason for the said decision.

Deyaar to invest in two new towers in Dubai's Business Bay District

In an interview with Bloomberg, Deyaar Properties CEO Said Al-Qatami confirms the investment in buildings located in Dubai.


Latest News

Under the leadership of CEO Tamim Al-Kawari, QInvest would move away from its non essential businesses to focus on buyouts and buyins for Qatari companies.
Aldar Properties, after being bailed out by the Abu Dhabi government, had discussed obtaining a bridge loan to pay off debts.
Yusuf Bin Ahmed Kanoo Holdings Ltd purchased the business interests of Thomas Cook Group in Egypt and Lebanon.
Washington-based Carlyle Group could possibly sell its shares in Turkey's Medical Park and Saudi Arabia's General Lighting.
The Abu Dhabi based airline's revenues jumped by 11% for the third quarter of the current year.
The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai. Al Habtoor Group said it would it would be launching a USD 3 billion real estate development in Dubai.
The International Monetary Fund pegged the 2014 growth of the GCC at 4.4%. The International Monetary Fund had announced the increase of its forecasted economic growth for the GCC to 4.
Saudization, according to GSC Secretary General Marwan Zabidi, is a unachievable goal because of the lack of support structures for its realization.
The US shutdown and its eventual break in the deadlock has been hoped by many countries as the effect has reached other bourses.
A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.
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