Buyout firm TPG Capital is researching options for sale of Strauss Coffee shares. (Photo : Reuters)The image is the corporate logo of Strauss Coffee. The Strauss Group, the food maker and TPG Capital, the private equity firm, had undertaken reviews fo their options as to the possible sale of the 25% shareholdings of TPG in Strauss Coffee.
Middle East
J.P. Morgan: Dubai could raise US$1 billion from telecoms share sales
According to J.P. Morgan, Dubai Holding could earn about US$1 billion by selling its minority shares in two telecom firms.
Shazam Gets US$40 Million Funding From America Movil
Shazam announced that they were able to secure a US$40 million funding from America Mobil Shazam announced that they were able to raise US$40 million for funding from America Movil.
DVK Group Assists in Forming a Women Oriented Investment Fund
DVK Group partners with a Qatari royal to establish a Shariah compliant investment fund for women business leaders.
Gulf Marine Services Obtain Syndicated Loan Facility
Gulf Marine Services receives loan facility worth UAE1.32 billion or US$360 million. On Sunday, the Abu Dhabi Islamic Bank had closed a syndicated Islamic loan facility valued at UAE1.
Latest News
Gulf Keystone appointed Simon Murray as new Chairman (Photo : Reuters)Gulf Keystone Petroleum appointed Simon Murray as new chairman Gulf Keystone Petroleum appointed former Glencore chairman Simon Murray as their new chairman.
The Iraqi government may get funding from Citigroup for a proposed oil pipeline that will run through Jordan
Venture capitalists Michael Eisenberg and Eden Shochat raised US$140 million for their new venture fund Aleph.
Aldar Properties, Abu Dhabi's biggest developer, fell for the first time after its acquisition of Sorouh Real Estate Co last June 30.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: - Chinese state oil firm CNPC will buy a stake in Kazakhstan's giant Kashagan oil project, through back-to-back deals with Kazmunaigaz through which ConocoPhillips will exit, the Kazakh state oil firm said on Monday.
Altair Semiconductors raised $25 million from its recent fundraising activity. Israel's Altair Semiconductor, provider of LTE chipsets, closed $25 million in funding.
Ahmad Hamad Algosaibi & Brothers Co. planned to make a new offer on US$7.2 of debt to creditors. Ahmad Hamad Algosaibi & Brothers Co. planned to make a new offer on US$7.
Ahmed Reda Halawani resigned from Kingdom Holding Co. due to personal obligations and commitments as stated by the company in a statement on the Saudi bourse.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
