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  • Oman-Nizwa-riyal

    Oman’s renaissance to raise $112 million from convertible bond

    Renaissance, a service provider to the oil and gas industry, plans to issue 423 million bonds, convertible at a price of 102 baisas each as part of the sale.

    June 28, 2012 10:55
  • Aabar pulls out of Daimler investment in Tesla

    Aabar pulls out of Daimler investment in Tesla

    Abu Dhabi's Aabar took a step towards exiting its investment in electric car maker Tesla after partner Daimler confirmed it transferred direct control of a 3.1 percent stake in Tesla back to the sovereign wealth fund.

    June 28, 2012 10:24
  • Bahrain's ringgit sukuk programme

    Bahrain launches $1.5 billion, 10-year bond

    The bond, Bahrain's first conventional issue since 2010, was launched at a spread of 437.5 basis points over midswaps; earlier guidance had signalled the deal would price between that level and 450 bps over midswaps.

    June 27, 2012 7:18
  • Qatar-construction-projects

    Huge Qatari retail complex raises $1 billion construction loan

    Doha Festival City, a giant retail and hospitality complex being built by a consortium including UAE-based Al Futtaim Group, has raised a 3.7 billion riyals ($1 billion) loan to fund its construction, a statement said on Wednesday.

    June 27, 2012 5:36
  • 200-dubai-drydocks

    Indebted Drydocks in Kuok JV for Asia operations

    Drydocks World, which sought insolvency protection in April as it restructures $2.2 billion of debt, signed a joint venture for its Southeast Asia operations with Pacific Carrier Ltd. on Wednesday, part of Malaysian tycoon Robert Kuok's empire.

    June 27, 2012 5:34
  • Nestle  Dubai

    Nestle to build $136 million Dubai facility

    The 175,000 square metre plot in DWC will be used as a manufacturing facility for nutrition, culinary and coffee products, the joint statement said.

    June 27, 2012 10:03
  • 200-dubai-drydocks

    Tycoon nears deal for Drydocks’ S.Asia OPS

    A company linked to Malaysian billionaire Robert Kuok is close to a deal to buy a majority stake in the Southeast Asia operation of Dubai shipbuilder Drydocks World, two sources said on Tuesday.

    June 27, 2012 9:59