Mena News

 

  Dubai's Emaar to help build new local city with world's largest mall
Nov , 26 , 2012  
  Dubai's leading developer Emaar Properties and Dubai Holding will be involved in creating a new mega tourism and retail complex in the emirate that will feature the world's largest mall. The new project named Mohammed Bin Rashid City, or MBR City, will feature a massive park, 30 percent bigger than Hyde Park in London. It will be surrounded by the largest mall in the world called Mall of the World, which will be capable of receiving 80 million visitors a year, and include over 100 hotel facilities to meet the requirement for accommodation.
 

Read More

  Qatar cashes in on remaining Barclays warrants
Nov , 26 , 2012  
  Qatar Holding LLC has cashed in on its remaining warrants in Britain's Barclays Plc, a move that still leaves the sovereign wealth fund as the bank's top shareholder while their relationship faces legal scrutiny. Qatar Holding said in a statement it had monetized the remaining holding of 379mn units of Barclays warrants -- instruments that convert into shares -- as part of its active portfolio management, without affecting its 6.65 percent stake. In a separate statement, Deutsche Bank AG and Goldman Sachs Group Inc said they would sell up to 303.3mn Barclays ordinary shares in relation to the monetization of the warrants by Qatar.
 

Read More

  Saudi regulator suspends Mobily from selling SIM cards
Nov , 26 , 2012  
  Etihad Co. (Mobily), Saudi Arabia's second-biggest telecoms operator, has asked to meet the industry regulator after it was suspended from selling pre-paid SIM cards, a company spokesman said, describing the ban as “astonishing”. Mobily's sales of pre-paid, or pay-as-you-go SIM cards will remain halted until the company "fully meets the pre-paid service provisioning requirements," the firm said in a statement. “We’re not sure when we can resume selling pre-paid SIM cards," said a company spokesman. We’ve requested a meeting with the CITC governor today to find out what’s going on,” he added, in reference to the regulator.
 

Read More

  Kuwait's Global gets approval to restructure bonds
Nov , 26 , 2012  
  Kuwait's Global Investment House said that it had secured the approval of creditors to restructure two bonds worth KWD95mn (USD337mn) as part of the company's second debt overhaul in three years. Bond holders have approved the restructuring of a KWD50mn bond maturing in 2013 and of a KWD45mn bond maturing in 2012, according to filings on the Kuwait stock exchange.
 

Read More

  Germany keeps up meager growth in Q3 on exports and consumption
Nov , 25 , 2012  
  Exports and private consumption helped Germany to keep growing in the third quarter of the year, albeit at a slower rate than previously, as Europe's largest economy feels the pinch of the Euro-zone crisis. The Federal Statistics Office confirmed that German gross domestic product growth slowed to 0.2 percent in the three months to end-October, after expanding by 0.3 percent in the second, as companies postpone investments due to the uncertainty of the crisis. Exports supported growth in the third quarter, rising 1.4 percent, while government spending gained 0.4 percent and private consumption was up 0.3 percent up.
 

Read More

  Euro-zone consumer confidence falls in November
Nov , 25 , 2012  
  Euro-zone consumer confidence fell in November compared to the previous month, the first estimate from the European Commission showed. Consumer spending accounts for more than half of Euro-zone economic output, but with the effects of the debt crisis cutting disposable income, households have been in no position to contribute much to economic recovery. In the wider 27-member European Union, consumer sentiment improved a fraction, to -23.7, compared to -24.3 last month.
 

Read More

  Citadel Capital in joint venture to import LNG to Egypt
Nov , 25 , 2012  
  Citadel Capital SAE has agreed with Qatari investors to import liquefied natural gas (LNG) into Egypt from mid-2013, the Egyptian private equity firm said. Egypt has two LNG terminals and a pipeline to export some of its large gas reserves, but it has been diverting some of the fuel intended for export to meet rapidly growing domestic demand after summer fuel shortages and power cuts. “Egypt is in strong need of additional natural gas to feed the power generation sector and supply Egypt’s industrial base," Citadel Capital Chairman Ahmed Heikal said in a statement.
 

Read More

  Free zone Sohar pulls in USD300mn in investments
Nov , 25 , 2012  
  A flurry of new lease agreements have boosted investments in Freezone Sohar to a total of around USD300mn. A total of 16 companies have so far inked lease agreements with the free zone authority, with several new signings in the pipeline, according to Neelima Vyas, Chief Operating Officer, Freezone Sohar. "Of the 16 companies that have signed up so far, many are already on site. At least 6 to 7 of them are either in the construction phase or starting up operations in the free zone. Yes, there is a great amount of progress and development being witnessed," Ms Vyas said.
 

Read More

  Dubai plans new 'city', world's largest mall
Nov , 25 , 2012  
  Dubai on announced a new development to open the world's biggest mall and a park larger than London's Hyde Park. No cost was stated for "Mohammed bin Rashid City," to be carried out by his Dubai Holding and the publicly-listed Emaar Properties, which developed many of Dubai's prestigious projects, including Burj Khalifa, the world's tallest tower.
 

Read More

  Dubai's Arabtec acquires 24 percent stake in interior contractor depa
Nov , 25 , 2012  
  Dubai-based construction firm Arabtec Holding paid about USD65mn for its 24 percent stake in Depa Ltd., a local interior contracting company, after buying shares from a number of investment funds. In a brief statement posted on the Dubai Financial Market website, Arabtec said it purchased a total of 149,555,275 shares in Depa from various investment funds who had offered to sell their stock. Depa, in a separate statement, confirmed the stake purchase, noting Arabtec Holding paid USD0.44 for each share for approximately 24 percent of the company's total issued share capital.
 

Read More

[First Page] [Prev] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 [Next] [Last Page]

  
New Page 1
Privacy Statement

Copyright © 2012 LOTUS All Rights Reserved
Developed By Superlink