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Gasco to buy 100 Merc-Benz trucks from JipcoSaudi Arabia’s National Gas and Industrial Company (Gasco) has signed a deal with Juffali Industrial Products Company (Jipco), the exclusive agent for Mercedes-Benz Trucks in the kingdom, to acquire 100 trucks for a total value of SR39.5 More… |
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DIB buys 24.9pc stake in Indonesian lenderDubai Islamic Bank has completed the acquisition of a 24.9 per cent stake in Bank Panin Syariah and will now seek regulatory approval to increase its holding in the Indonesian lender to 40 per cent, it said on Monday. More… |
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EU stakes buy for competition, not control: EtihadAbu Dhabi's Etihad Airways on Sunday said its strategy of buying stakes in European airlines was bringing fresh competition to the region, despite close scrutiny by regulators over whether its investments comply with European ownership rules More… |
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ADCB to buy back 3pc of its sharesAbu Dhabi Commercial Bank (ADCB) plans to buy back a further three per cent of its shares this year, as it seeks to enhance its stock value, its chief executive said. The emirate's third-largest lender by m More… |
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Kuwaitis top GCC property buyers in OmanKuwaiti nationals ranked first, with the acquisition of 1,850 properties in Oman, in a huge rush among GCC nationals to buy real estate in the Sultanate, said a report. The Emiratis were second with 1,211 properties, followed by Q More… |
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Du launches ‘Try and Buy’ offerDubai-based telecom operator du has launched its ‘Try and Buy’ offer for businesses in the UAE. The offer allows for business customers to avail a 30-day trial with zero activation fees and no monthly charges, while pu More… |
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Etisalat hires Goldman to advise on Pakistan telco buyEtisalat, a UAE-based telecommunications operator, has hired Goldman Sachs Group to advise on its planned bid for Pakistan mobile operator Warid Telecom, two sources aware of the matter said. Warid, the country's smallest oper More… |
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GE to buy Italian Avio unit for $4.3bnUS conglomerate General Electric has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession. The deal comes as Europ More… |
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Dubai Drydocks inks S.Asia JV with Malaysia firmDrydocks World, the indebted Dubai shipbuilder, said on Wednesday it has inked a joint venture for its Southeast Asia operations with a company linked to Malaysian billionaire Robert Kuok. Drydocks, which is restructuring $2.2 billion in d More… |
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GSK extends $2.6bn offer to key partnerGlaxoSmithKline has extended its $2.6 billion offer to buy long-time partner Human Genome Sciences until the end of June as it battles the US biotech company's reluctant management. The price remains unchanged at $13 a share under the More… |
