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  • 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
  • UAEs-Aldar-Sorouh-merger

    UAE’s Aldar, Sorouh in due diligence on potential merger

    Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.

    June 10, 2012 5:53
  • UAE may face risks from deepening euro crisis

    IMF: UAE may face risks from deepening euro crisis

    UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity

    June 10, 2012 5:52
 
  • Oman Arab Bank

    Ominvest unit IPO delayed to September; shares slump

    Shares in Ominvest, which was planning to offload a significant portion of its stake in the IPO, fell 5.6 percent on the Muscat Securities Market on Sunday.

    June 10, 2012 5:51
  • 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
  • UAE's Dana gas shuffles board amid debt talks

    UAE’s Dana Gas shuffles board amid debt talks

    Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.

    June 10, 2012 5:50
 
  • Talks for $500 million Gulf Marine sale collapse

    Talks for $500 million Gulf Marine sale collapse

    Financing issues, valuation cause of stalled talks – sources; CEO says still open to sale but acknowledges impediments; Two bidders were shortlisted from dozen parties for talks; Gulf Capital CEO says may look at IPO for GMS in 2 years

    June 10, 2012 5:50
 
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