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  • 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
  • dubaimall380

    UAE’s MAF to price $500 million 7-year bond Wednesday

    Bond to price at 5.25 pct; Demand seen high; orderbooks around $2 bln; Second debt issue this year from MAF

    June 27, 2012 6:36
  • 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
  • Tokio Marine affiliate soars in Saudi bourse debut

    Saudi Olayan Group issues $173 million sukuk

    Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.

    June 27, 2012 9:58