Friday 22 August 2014
 
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Bank Muscat to exit stake in Indian securities firm

Bank Muscat plans to exit its 45.7 per cent stake in an Indian securities firm, Oman's top lender said in a statement on Sunday. The bank is considering various exit options for its stake in Mangal Keshav Securities, including

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Capinnova Bank exits key retail transaction

Capinnova Investment Bank, the Shari’a compliant investment banking arm of Bahrain-based lender BBK, has announced successful exit from its debut transaction ‘Oasis Mall,’ the largest retail mall in Muharraq area of the Kingdom

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Capinnova Bank exits key retail transaction

Capinnova Investment Bank, the Shari’a compliant investment banking arm of Bahrain-based lender BBK, has announced successful exit from its debut transaction ‘Oasis Mall,’ the largest retail mall in Muharraq area of the Kingdom

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GrowthGate exits key Saudi investment

GrowthGate, a growth investment company operating in the region, has exited its investment in Roots Steel International (RSI), a manufacturer of pre-engineered metal building systems based in Saudi Arabia. This is the first exit f

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GFH subsidiary exits major IT fund

G Capital (formerly Injazat Capital), a leading private equity investor, advisor and fund manager in the region, has announced the successful exit of its Jordan-based managed fund Injazat Technology Fund (ITF). A subsidiary of the Bahraini

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Europe 'working on Greece contingency plans'

European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said, while Berlin said it was prepared for all eventualities. German Finance Minister Wolfgang Schaeuble, one o

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Investcorp H1 net profit plunges 90pc

Bahrain-based alternative investments specialist Investcorp said its net profit for the first half of fiscal year ended December 31, 2011 fell 90 per cent to $5.3 million from $56.2 million the year before hit by negative returns on hedg

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Gulf Capital to exit two more investments

Gulf Capital, an Abu Dhabi-based private equity firm, plans to exit two more investments in 2012 after selling its stake in Maritime Industrial Services to London-listed Lamprell Plc last month, said its chief executive. "We are looking at

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Gaddafi looking for exit deal say reports

Two Arab newspapers and Al Jazeera television said Libyan leader Muammar Gaddafi was looking for an agreement allowing him to step down, but there was no official confirmation of the reports.    Al Jazeera said Gaddafi had

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BP CEO nears exit, spill work resumes

BP has decided that chief executive Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure could be announced in the coming days, sources close to the company said. The Wall Street Journal, citing

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