Friday 24 October 2014
 
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Dubal holds talks with banks on raising loan

Dubai Aluminium (Dubal) has held talks with banks about raising a loan to help fund its general operations, the first time the firm has commissioned such a facility in years, three banking sources told Reuters. While it is a rarit

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Mena IPOs raise $2.4bn in H1, up 14pc

The Mena IPO market recorded a total of 16 deals raising $2.4 billion in the first six months of the year, up 14 per cent for both volume and proceeds on the same period last year, said a report.

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GE unveils IPO plan to raise $3.1bn

The success of General Electric's (GE) impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led US economic recover

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Dubai water drive raises $50m

A Dubai initiative to provide potable water to five million people facing shortages in Asia and Africa has raised nearly $50 million, said a report.   The UAE Water Aid campaign, Suqia, has exceeded its goal as t

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Dar Al Arkan raises $400m from sukuk issue

Saudi Arabia's Dar Al Arkan Real Estate Development raised $400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

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Doha Bank plans capital raise next year

Doha Bank is planning to raise additional capital in 2015 as it bolsters its reserves due to high growth rates and potential acquisitions, the chief executive of Qatar's fourth-largest bank by assets said on Wednesday.  

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Twitter prices above range to raise $1.8bn

Twitter priced its initial public offering above its expected range to raise at least $1.8 billion, in a sign of strong investor demand for the most highly anticipated US public float since Facebook. The microblogging network pric

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Build-A-Bear Workshop raises $2,600 for autism

Build-A-Bear Workshop, a brand where children make their very own stuffed toys, has raised BD1,000 ($2,641) for autism in partnership with charitable organisations in the local community in Bahrain. This GCC-wide initiative saw th

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India's Marico to raise $97.8m via share sale

Indian consumer products maker Marico Ltd said on Saturday it plans to raise Rs5 billion ($97.8 million) from the sale of 29.41 million shares to two private equity investors at Rs170 each. On Tuesday, Business Standard reported Marico pla

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Mideast IPOs record five-fold jump, net $420.5m

The initial public offering (IPO) activity in the Middle East rose significantly in the first quarter raising $420.5 million from six IPOs compared to $83.6 million in the same period last year, according to Ernst & Young. The regional

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