Sembcorp Salalah Power and Water Company stated that it was now preparing for its IPO in September. Oman's Sembcorp Salalah Power and Water Company announced that it is preparing to float an initial public shares offering in September of this year.
Middle East
Israel's Pebbles Interfaces gathers US$11 million in its second round of financing
Pebbles Interfaces stated that it had collected US$11 million in its second round of financing from both existing and new investors.
BAE Systems forecasts 10% rise to yearly earnings with multi-billion dollar Saudi jet deal
Britain's largest defence contractor said its annual earnings for 2013 will rise by 10% once it clinches the multi-billion jet fighter deal with Saudi Arabia.
UAE's Etihad to get 49% stake in Serbia's losing JAT Airways
Etihad Airways announced it will buy a 49% stake in Serbia's losing JAT Airways. Serbia's loss-making JAT Airways found a savior in Etihad Airways.
Leiderman sits as new Bank of Israel Governor after Fischer
Israeli Finance Minister, Benjamin Netanyahu appointed Leo Leiderman to sit as the new central bank governor of Bank of Israeli, succeeding former IMF deputy chief, Stanley Fischer.
Latest News
TMSF said that Turk Telekoms has made a US%530 million offer for DigiTurk. Turk Telekom said that they have made a US$350 million offer to buy a 53% stake in Digiturk, a Turkish digital pay-TV operator.
An IVC Research Center report reveals a dip in Israeli investments and KKR's influence in private equity in the country.
Emaar Properties, Dubai's biggest developer, requests for an adjustment of their loan terms following the S&P's positive evaluation.
Etisalat ETEL.AD announced plans to acquire Pakistan's Warid. Etisalat hires Goldman Sachs Group as financial adviser for the deal.
Kuwait's Global Investment House proudly announced the completion of their restructuring plan tagged at US$1.7 billion.
ADNOC announced that they are halfway through their US$40 billion investment plan. Abu Dhabi National Oil Co. (ADNOC) said that they are halfway through plans for the company's US$40 billion investment plan.
High-tech firms in Israel raise US $493 million in venture capital during the second quarter. The Israel Venture Capital (IVC) Research Center announced that Israeli high-tech firms were able to rake in US $493 million in venture capital during the second quarter.
Qatar Investment Authority has announced that it is investing US300 million in RMZ Corp. Qatar Investment Authority (QIA), a sovereign wealth fund, announced that it is investing US$300 million in RMZ Corp.
AlBaraka Turk mandated the release of a US$250 million funding. AlBaraka Turk announced that they have mandated the bank for an arrangement of a US$250 million syndicated loan.
