Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
United Arab Emirates
ETISALAT agrees to acquire Vivendi's Maroc Stake for USD5.7 billion
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Dubai's DAMAC Properties eyes USD500 million London share listing
Dubai developer DAMAC Properties announced its plans to sell USD500 million worth of shares on the London Stock Exchange.
South Korean firms enter into joint venture projects with Arabtec
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
Latest News
Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.
The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.
Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.
Emirates NBD would be exiting from its remaining 15% stake in property developer Union Properties. On Thursday, the chief financial officer of Dubai's largest bank said it would be divesting its remaining ownership in Union Properties.
Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
Upon appointment of the Dubai ruler, the Dubai Financial Market has a new chairman in Essa Kazim. The ruler of Dubai had appointed Essa Kazim to the position of chairman of the bourse operator Dubai Financial Market.
The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
Legoland Dubai's main promoter is seeking to raise funds through an IPO set in the London Stock Exchange.
