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Business Culture

Recognising unique aspects of business model and culture

By Ravin Jesuthasan, CFA and the global practice leader of Towers Watson’s talent management division

July 3, 2014 4:10

Ouster of Etisalat chairman may herald foreign strategy shift

When Gulf telecommunications giant Etisalat replaced its veteran chairman last week, he became the latest casualty of a multi-billion dollar foreign expansion which has failed to translate into profits and may prompt the firm to sell overseas assets to offset a decline in income.

July 12, 2012 1:00

Qatar eyes sukuk sale; investor meetings kick-off July 9

Qatar is planning the sale of potential dollar-denominated Islamic bonds, or sukuk, and has mandated banks to arrange investor meetings in Asia starting on July 9, arranging banks said.

July 5, 2012 5:57

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

DIFC investments $1 billion loan near; to help Sukuk REFI

DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is close to securing a $1 billion…

May 22, 2012 9:11
Sanctions May Cut Iran's Oil Output By 15 Percent

Sanctions May Cut Iran's Oil Output By 15 Percent

Iran oil output seen down 500,000 bpd by year-end; EIA lowers global oil demand estimates for 2012; EIA raises non-OPEC production forecast for 2012

April 11, 2012 10:09
Dubai’s Arabtec’s Q4 profit surges

Dubai’s Arabtec’s Q4 profit surges

Dubai builder Arabtec , in which Abu Dhabi's Aabar Investments upped its stake recently, saw a three-fold rise in its fourth-quarter net profit, handily beating analyst expectations.

March 8, 2012 3:37
Abraaj interested in Turkey’s Calik media assets

Abraaj interested in Turkey’s Calik media assets

Dubai-based Abraaj Capital is among companies interested in bidding for the media assets of Turkey's Calik Holding, ATV television and newspaper Sabah, which are being evaluated separately, two sources close to the sale process told Reuters.

February 21, 2012 4:47
Dubai’s Zabeel Investments’ $1.6B debt talks stall

Dubai’s Zabeel Investments’ $1.6B debt talks stall

After more than a year, debt talks go nowhere; Dubai government provided bailout funds in 2009; CEO left company; some board members, chairman resigned

January 24, 2012 1:33

Samena eyes Asia, ME, North Africa with new fund

Hong Kong investment fund looks to the MENA region for 'private equity-style' investments upwards of $700 million over the next seven years.

June 8, 2011 9:27