HSBC buys at least 5 percent of EFG Hermes
British bank HSBC has acquired a stake of at least 5 percent in EFG Hermes, the Middle East's biggest home-grown investment bank, Egypt's stock exchange said on Tuesday.
July 4, 2012 10:23
Investcorp buys Austrian online firm for $178 million
Investcorp, a Bahrain-based investment firm, said on Sunday its online portfolio unit Skrill bought Austrian firm paysafecard.com for up to 140 million euros ($177.67 million), betting on growth in online retail sector.
July 1, 2012 5:03
Aabar pulls out of Daimler investment in Tesla
Abu Dhabi's Aabar took a step towards exiting its investment in electric car maker Tesla after partner Daimler confirmed it transferred direct control of a 3.1 percent stake in Tesla back to the sovereign wealth fund.
June 28, 2012 10:24
Qatar shows its muscles to wring more from Glencore
Qatar seeking 16 pct increase in merger ratio; Sovereign fund shock move comes at 11th hour; Move shows fund's evolution as investor, bankers say
June 27, 2012 5:39
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