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Dinesh Nair

Dubai Holding unit sells land to mall developer MAF

Jan 29 2014

DUBAI, Jan 29 A unit of Dubai Holding, owned by the emirate's ruler, has sold a piece of land to fast-growing shopping mall developer Majid Al Futtaim (MAF), the latest in a series of plot sales initiated by state-linked firms in the emirate to raise funds.

Bharti could raise up to $2 bln from Africa towers sale

Jan 23 2014

DUBAI Bharti Airtel plans to sell most of its transmitter towers in Africa, in a process that could raise up to $2 billion for the country's top telecom operator and help reduce its debt.

Dubai's top listed firm Emaar quietly replaces CEO Ping -sources

Jan 23 2014

DUBAI, Jan 23 Emaar Properties, Dubai's top listed company by market value, quietly replaced its Group Chief Executive Low Ping late last year, appointing Abdulla Lahej as her replacement, industry sources aware of the matter said.

Deutsche sees Saudi local debt sales surpassing international issues in 2014

Jan 20 2014

RIYADH Companies in Saudi Arabia will favor local debt markets over international bond issues to meet their financing requirements in 2014 as high liquidity keeps funding costs down, a top executive at Deutsche Bank said.

Qatar Holding deal maker Fakhroo leaves for govt-linked role -sources

Jan 16 2014

DUBAI, Jan 16 A key mergers and acquisitions executive at Qatar Holding, instrumental in some of the fund's most high-profile deals in recent years, has left the firm for a government-related role, banking and industry sources said.

Etisalat hires Standard Bank for Nigeria tower sale - sources

Jan 15 2014

DUBAI, Jan 15 Etisalat, the Gulf's top telecom operator, has hired Standard Bank as an advisor for the planned sale of transmitter towers by its Nigerian affiliate, three banking sources aware of the matter said.

Moelis to hire ex-C.Suisse banker Touma for MidEast role - sources

Jan 15 2014

DUBAI, Jan 15 Moelis & Co, an independent investment bank, is set to hire Rami Touma, previously the Qatari investment banking head for Credit Suisse, to help boost its Middle Eastern operations, said four banking and industry sources aware of the matter.

Al Jazeera weighs bid for stake in $1 billion Turkish pay-TV company

Dec 18 2013

DUBAI/ISTANBUL Qatari-backed broadcaster Al Jazeera is considering a bid for a majority stake in Turkish pay-TV company Digiturk to boost its soccer offering ahead of the 2022 World Cup finals in Qatar, banking sources familiar with the plans said on Wednesday.

Exclusive: Gulf firms consider bid for Occidental MidEast stake - sources

Dec 09 2013

DUBAI Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.

Turkey's Sabanci hires Credit Suisse to sell bus unit

Dec 05 2013

ISTANBUL, Dec 5 Turkish conglomerate Sabanci Holding has mandated Credit Suisse to sell its bus-making unit Temsa Global to focus on its core businesses, two sources close to the deal told Reuters.

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