• Most Popular
  • Most Shared

Dubai's Deyaar eyes regional aquisitions -CEO

Mon Oct 6, 2008 3:36am EDT

DUBAI, Oct 6 (Reuters) - Dubai developer Deyaar DEYR.DU said on Monday that it was looking for international aquisitions including in Egypt, Saudi Arabia and Turkey but expansion might be slowed if liquidity is short.

"We are looking at opportunities for an acquisition in countries such as Egypt, Saudi Arabia and Turkey, wherever it makes sense," Chief Executive Markus Giebel said.

"We would like to control so a 100 percent stake is preferred."

Deyaar said on Sunday its third-quarter net profit had jumped almost 56 percent on growth in sales.

(Reporting by Ola Galal, Editing by Lin Noueihed)


More from Reuters

Photo

New security restrictions could hurt airlines

NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets