Register for our free newsletter
Nokia charging back with full force
Saudi government websites targeted
Lead manager Saudi Fransi Capital, the investment banking unit of Banque Saudi Fransi, and Rajhi Capital, part of Al-Rajhi Bank, will each underwrite 44.8 percent of the issue's 600 million shares.
June 6, 2012 11:47
Following its recent acquisition of fund manager Aureos Capital, Abraaj Capital is gearing up for an IPO as early as next year, group chief Arif Naqvi announces. Will this revive the IPO activity in the region?
March 28, 2012 4:20
Abraaj Capital is investing about $125 million in a Moroccan insurance holding firm as it bids to tap growth prospects in Africa's nascent insurance sector.
March 8, 2012 3:51
Investment funds advised by Levant Capital and Citi Venture Capital International took a $100 million joint controlling stake in Saudi Arabia-based supermarket chain al-Raya, they said in a joint statement on Wednesday.
February 22, 2012 1:03
Shift from loans to debt market helps support bond pipeline; MENA M&A activity down 48 pct in 2011; Equity markets remain nervous, IPOs in high single-digits in 2012
January 15, 2012 5:30Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, plans to increase its capital by 73.9 percent to 4 billion riyals ($1 billion) from 2.3 billion, it said on Wednesday.
December 7, 2011 12:32Dubai International Capital (DIC), a unit of Dubai Holding, the conglomerate owned by the ruler, has agreed the terms for a $2.4 billion debt restructuring with its creditors, two sources familiar with the situation said on Thursday.
November 24, 2011 3:10Kuwait Projects Co has agreed to raise the company capital to $457.5 million.
March 30, 2011 4:06Investment arm is now under direct control of Dubai Holding, confirms statement.
June 13, 2010 3:07
Private banking hubs are flourishing in the region, attracting money from all over the world. Is this a window of opportunity for the UAE to become a global banking center?
May 18, 2010 10:53
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
