Here’s something to ‘tweet’ about
Sharjah Police: ‘Don’t give money to beggars’
Fighting the world’s biggest killer
Twist and shout
“Your customers aren’t fools”
Behind the curtain of Simone Heng
Chatting with the man behind Dubai City Pass
A business discussion with the author of ‘Connect The Dots’
Sri Lanka offers to buy Emirates out of SriLankan Airlines
Emirates has confirmed it is willing to sell at the ‘right price,’ while the Sri Lankan government seeks a strategic partner to take over the shares.
May 15, 2010 12:58 by Sam Potter
The government of Sri Lanka has offered Dubai’s Emirates Airline $55 million for its 43.6 per cent stake in the island nation’s national carrier SriLankan Airlines, reports Reuters.
“Sri Lanka is going to buy it… $55 million is the price we have indicated,” P.B. Jayasundera, secretary of the Sri Lankan finance ministry and treasury, is quoted as saying.
“The deal is almost done,” he continued. “We are looking for a strategic partner or somebody from the government to take that (the stake) and maintain the commercial character of SriLankan (Airlines).”
Emirates, the Arab world’s largest airline, has said it is willing to sell the stake “at the right price.”
More on GCC
-
UAE Regulator Says Bourse Merger Would Have “Many Advantages”
-
Online Learning On The Rise
-
Saudi’s Sipchem picks HSBC as adviser for Sahara merger
-
KOHLER Raids Counterfeit Center, Destroys Over 700 Products
-
Saudi Arabia Says MERS Coronavirus Kills Four More
-
Qatar Airways expands fleet
-
Qatar tightens caps on banks’ securities investment
-
Abu Dhabi’s Waha Capital Buys Stake In Healthcare Firm
-
Saudi Arabia plans to block WhatsApp within weeks
-
MERS coronavirus claims another life
-
Back to pre-crisis peak
-
Nokia Lumia 720 launches ‘Man of Steel’ campaign
-
Dubai World unit sells UK asset to Brookfield
-
UAE banks ask to permit loan transfers for Emiratis
-
Indonesians protest at Jeddah consulate
-
UAE Regulator To Allow Trading In Share Offer Rights
-
Citigroup To Exit UAE Interbank Rate Setting Panel
-
World’s largest mall to get bigger
-
Mediaquest acquires AME Info and SME Info
-
Emaar Plans JV With Dubai Holding For New Project
Lately on Kipp
-
BlackBerry opens first regional store
-
Here’s something to ‘tweet’ about
-
Golden Systems Wins ‘Best Contribution’ Award from KINGMAX
-
Nabbesh.com appeals to the masses
-
UAE Regulator Says Bourse Merger Would Have “Many Advantages”
-
MenaITech participates in sponsoring Entrepreneurial Excellence in the Knowledge Economy Conference
1 Comment
this deal may be costly.but it has to be done in the interest of the nation.it has to be entrusted to non govt.commercial venture having local interest under govt.supervision. financial affairs should be constantly audited by experince internal/external auditers. certainly it should not be a another corperation adminstered by politicos.