According to its CEO, Aabar would not increase its shareholdings in Arabtec. Investment fund Aabar is not seeking to increase its current 22% stake in Arabtec.

Singapore Telecommunications, along with Amdocs, a software provider for telecoms, have opened a new development center in Israel in addition to similar centers in Singapore and Boston.

IPH interest sold by Bahrain's Investcorp. Investcorp, the Bahraini alternative investment fund manager has completed the divestment of its industrial supplies distribution firm whose main focus is Europe.

Arabtec to have bond issue and share sale to raise capital for 2013. Arabtec, the Dubai based construction firm went through a major management shakeup last week.

The new chief executive of Arabtec said that there are no attempts made by Aabar to increase shares in the investment fund.

Zain, a telecom firm in Kuwait, is in the process of selling its stake in its Iraqi unit. Kuwaiti telecom operator Zain is set to sell its stake in its business unit in Iraq through initial public offering as part of its $1.

Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.

Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.

Etihad nearing deal for stake in India's Jet Airways. For the price of US$70 million, Abu Dhabi's Etihad Airways purchased Jet Airway's slots at Heathrow Airport in London.

Potash Corp takeover bid for ICL still ongoing. Saskatchewan based Potash Corporation is serious in its bid to wrest majority control over Israel Chemicals Limited.