Our Network

Register for our free newsletter

 
 
Latest News

Damas

UAE jeweller Damas hires Nomura for deal

UAE jeweller Damas hires Nomura for deal

UAE jeweller Damas International has appointed Japan's Nomura to advise it on a potential offer from Qatari conglomerate Mannai Corp, three sources familiar with the matter said on Wednesday.

February 8, 2012 12:42
 
Network of international brands with GCC stakeholders

Network of international brands with GCC stakeholders

Twists and turns of the global economic landscape has seen Middle Eastern companies gaining more stake in international brands. And we’ve got a feeling it’s the tip of the iceberg.

January 11, 2012 4:49
 
Network of international brands with GCC stakeholders

Network of international brands with GCC stakeholders

Twists and turns of the global economic landscape has seen Middle Eastern companies gaining more stake in international brands. And we’ve got a feeling it’s the tip of the iceberg.

January 11, 2012 4:44
 

UAE Damas repayment to be completed within 3 years-CEO

Damas said in May it had signed a repayment agreement with its founding Abdullah brothers and creditors that cleared the way for selling certain assets of the founders.

October 4, 2011 2:38
 

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 4:31
 

Dubai’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’

‘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 4:18
 

Damas loses half a billion dollars

Jeweller remains almost $900 million in debt.

August 1, 2010 2:33
 
A family affair

A family affair

A far greater proportion of companies in the region are family owned than the global average. But even successful family owned companies rarely make it past the third generation.

July 4, 2010 11:53
 
A land of opportunity… for scammers, too

A land of opportunity… for scammers, too

High profile cases are mounting in the UAE as bribery, abuse of power, and financial impropriety tear through companies. These crimes harm both shareholders and investor confidence.

June 1, 2010 10:36
 
12