Jeweller Damas takes controlling stake in Saudi joint
Damas takes 98 pct stake in Saudi joint venture; Cost of acquisition undisclosed; Damas reached debt deal with lenders in March
April 26, 2011 4:31Dubai’s Damas says completed $872 mln debt restructuring
Company reached 100 pct restructuring – CEO; Says facility agreement also reached with banks
March 28, 2011 3:57
‘Emirate must reform’
Private equity firms say big reform is necessary to save the sector in the region. That means foreign ownership, family involvement… and of course, transparency.
August 17, 2010 4:18Damas loses half a billion dollars
Jeweller remains almost $900 million in debt.
August 1, 2010 2:33
Over 90% of passwords vulnerable to hacking
Passwords in the Middle East - even ones deemed to be "strong" - are actually susceptible to infiltration.
May 23, 2013 8:51
'Renewable energy absolutely necessary' - Saudi
Oil saving win-win drives Saudi solar power boom...
May 23, 2013 4:56
Real cost of sending your child to a Dubai school
Ambareen Musa, founder of Souqalmal.com, reminds parents of the hidden and additional costs of education.
May 23, 2013 1:19
Gold iPad at Burj Al Arab
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24