Edition:
United States

Mirna Sleiman

Dubai agrees $1.7 billion sale of German packaging firm Mauser to CD&R: sources

May 11 2014

DUBAI Private equity firm Clayton Dubilier & Rice (CD&R) has agreed a deal to buy Germany-based packaging group Mauser from Dubai International Capital (DIC) for around 1.25 billion euros ($1.72 billion), two sources familiar with the matter said on Sunday.

Dubai agrees $1.7 billion sale of German packaging firm Mauser to CD&R - sources

May 11 2014

DUBAI Private equity firm Clayton Dubilier & Rice (CD&R) has agreed a deal to buy Germany-based packaging group Mauser from Dubai International Capital (DIC) for around 1.25 billion euros ($1.72 billion / 1.02 billion pounds), two sources familiar with the matter said on Sunday.

Egypt announces plans to revive flagging tourism sector

May 04 2014

DUBAI Egypt's tourism minister on Sunday announced ambitious plans to try to revive the country's tourism sector, in distress after years of political turbulence.

Emaar may list malls unit on Dubai Financial Market -sources

Apr 28 2014

DUBAI, April 28 Emaar Properties is talking to regulators about the possibility of listing its shopping malls unit on Dubai Financial Market (DFM), the emirate's main bourse, instead of Nasdaq Dubai, sources aware of the matter said on Monday.

UAE regulator cuts minimum sukuk size, eases securities borrowing

Apr 27 2014

DUBAI, April 27 The United Arab Emirates' financial market regulator has set new rules for Islamic and corporate bonds to encourage trading in them, and amended rules on securities lending and borrowing to make it easier for foreign institutions to operate.

Dubai's Emaar Properties says profits to quadruple by 2018

Apr 23 2014

DUBAI, April 23 Emaar Properties, Dubai's largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate's economy booms and the company's overseas business expands.

Women edge into Gulf boardrooms as economies, societies shift

Apr 18 2014

DUBAI Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter the profession.

TPG/Abraaj in exclusive talks for Saudi fast-food chain - sources

Apr 10 2014

DUBAI, April 10 A joint bid by TPG Capital and Abraaj Group has emerged as the favourite to acquire a majority stake in Saudi fast-food chain Kudu after the selling shareholders entered exclusive talks with the pair, three sources aware of the matter said on Thursday.

Dubai tells global bankers to expect another boom

Apr 07 2014

LONDON Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many of the bankers.

Barclays to sell UAE retail ops to Abu Dhabi Islamic Bank for $177 million

Apr 06 2014

DUBAI/ABU DHABI Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for an expected price of 650 million dirhams ($177 million), ADIB said on Sunday.

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