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.
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, 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
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.
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.
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.
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.
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.
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.
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.