Oman will begin the sale of a 19 percent stake in its former telecommunications monopoly Omantel next week, according to a report on state news agency ONA, which quoted a government official.
The government will offload 142.5 mill
UK’s Ashmore Group is engaged in discussions to offload its majority stake in a Saudi waste management firm, two sources aware of the plan said, with a sale likely seen raising about $250-$350 million for the fund manager.
GEMS Education, a Dubai-based schools operator, is seeking to raise about $500 million to fund growth by selling a stake of up to 20 percent in the privately owned company, its chairman said on Monday.
GEMS, which employs about 11
Vivendi agreed to sell most of its stake in Activision Blizzard, the world's largest videogames publisher, for $8.2 billion on Friday, paving the way for a broader split of the French conglomerate's media and telecoms assets.
Etisalat, the Gulf's biggest telecommunications operator, has entered exclusive talks with Vivendi to buy the French firm's 53 percent stake in Maroc Telecom for 4.2 billion euros ($5.54 billion), it said on Tuesday.
Abu Dhabi-based Mubadala Petroleum has announced the sale of its 51 per cent interest in Petrofac Emirates to Nama Project Services, an affiliate of energy group Nama Development Enterprises, for an undisclosed sum.
HSBC Holdings said on Tuesday it is considering selling its majority stake in Dar Es Salaam Investment Bank, which has made it the main international lender in Iraq.
There has been speculation in the Iraqi banking market about the
Bahrain-based Ahli United Bank, the largest lender by market value in the kingdom, has reported a net profit of $309.8 million for the first quarter of the year, boosted by a one-time gain from the sale of a stake in a Qatari associate.
India's Reliance Communications is likely to seal a deal to sell an 80 per cent stake in its subsidiary Reliance Globalcom to a consortium led by Bahrain Telecommunications Company (Batelco)
by May end, s