Friday 25 July 2014
 
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Jadwa’s fund sells Gulf Union Foods stake

Jadwa Investment, a Saudi Arabian private equity house and investment bank, said its Food and Beverage Opportunity Fund has sold its 30 per cent stake in Gulf Union Foods Company (GUFC), a leading beverage produc

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300 Damac units sold out in one night

Damac Properties’ ‘Akoya by Damac’ project, which was recently launched, sold out during a suhoor which took place in six venues across the UAE last night (July 21).  

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Dimension Data targets 1m Lync Voice seats

Dimension Data, a $6 billion global ICT services and solutions provider, has launched an initiative to sell one million new seats of Microsoft Lync Enterprise Voice, delivered either on premises or in a private cloud by 2017. &nbs

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Alcohol ban 'forcing hotel owners into distress sales'

Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.   A Bahraini investor who owns a chain of three and four-star hote

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Alcohol ban 'forcing hotel owners into distress sales'

Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.   A Bahraini investor who owns a chain of three and four-star hote

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Emaar Malls to sell 10-year sukuk this week

The malls unit of Dubai's Emaar Properties is likely to issue 10-year sukuk this week, three sources with knowledge of the deal said, as the current environment makes it relatively easy to lock in longer-tenure funds at lower rates.

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United Real Estate sells Qatar asset

Kuwait-based United Real Estate Company (URC) has sold its 10,105 sq m plot in Qatar.    The total cash transaction value was KD6.1 million ($21.8 million), achieving a net profit of KD2.9 million, said a st

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Bahrain F1 tickets selling at 'a record pace'

Tickets for next month's Formula One race are selling at a "near-record pace", according to organisers.   The Gulf Air Bahrain Grand Prix is being held from April 4 to 6 at the Bahrain International

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Carlyle sells stake in Saudi lighting firm to Philips

Global alternative asset manager The Carlyle Group has entered into a deal to sell its 30 per cent stake in Saudi Arabia-based General Lighting Company (GLC) to Royal Philips.   Shareholders Alliance Holding and

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Egypt sells 1-year dollar bills, yields fall

The Egyptian government sold $1.1 billion of one-year dollar treasury bills at an auction on Monday, with the average yield dropping to 2.474 per cent, the central bank said. Submitted bids amounted to $1.37 billion. The Ministry

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