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  • WORLD-BANK

    World Bank seeks investors for MENA fund

    IFC to set up $500 million fund; Invested $3 billion in MENA region since Arab Spring; Targets $2.4 billion investment over next year

    June 12, 2012 11:09
  • kUWAIT-GLOBAL

    Banks approve debt payment delay for Kuwait’s Global

    Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year.

    June 12, 2012 11:07
  • JAFZA

    Dubai’s Jafza to issue $650 million 7-year sukuk this week

    Dubai government-owned Jebel Ali Free Zone plans to launch and issue a $650 million seven-year Islamic bond or sukuk this week, and books are now open, arranging banks said on Tuesday.

    June 12, 2012 11:07
 
  • Jindal-SAW-Ltd

    Iraq, India’s Jindal sign pipeline factory deal

    Iraq has awarded Indian steel production firm Jindal SAW Ltd. a $198 million contract to build and operate a factory for manufacturing oil and gas pipelines in the south, a senior investment official said on Monday.

    June 11, 2012 5:44
  • brent-crdue-output-up

    Kuwait raises July crude OSP to Asia by 45 cents a barrel

    Kuwait raised the official selling price (OSP) for its crude sales to Asian buyers for July by 45 cents a barrel from the previous month to 15 cents a barrel below the average of Oman/Dubai quotes, a trade source said on Monday.

    June 11, 2012 10:24
  • Abu-Dhabi-Airport

    Abu Dhabi Airports Co board revamped

    Abu Dhabi has appointed a new board to lead its airport operator Abu Dhabi Airports Co (ADAC), the state news agency reported on Sunday, the latest in a series of management changes that began last year in the oil-rich emirate.

    June 11, 2012 10:19
 
 
  • Dubai's Friendi eyes six markets after Virgin deal

    Dubai’s Friendi eyes six markets after Virgin deal

    Dubai group Friendi plans to expand into six more countries within four years after the mobile virtual network operator (MVNO) agreed a strategic partnership with Richard Branson's Virgin Group, its chief executive told Reuters on Sunday.

    June 10, 2012 5:51
 
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