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  • Qatar-shows-its-muscles-to-wring-more-from-Glencore

    Qatar shows its muscles to wring more from Glencore

    Qatar seeking 16 pct increase in merger ratio; Sovereign fund shock move comes at 11th hour; Move shows fund's evolution as investor, bankers say

    June 27, 2012 5:39
  • 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
  • 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
  • kuwait-parliament

    Kuwaitis protest after elected parliament thrown out

    Thousands of Kuwaitis protested on Tuesday against a court ruling that effectively dissolved a parliament dominated by opposition Islamists and reinstated the previous, more government-friendly, assembly.

    June 27, 2012 9:57