Saturday 26 July 2014
 
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Arabtec ex-CEO trims stake in firm

Dubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year

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Arabtec ex-CEO trims stake in firm

Dubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year

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Alitalia investors approve cash call, buy time

Alitalia shareholders have approved a share issue of up to 250 million euros ($336 million) to keep the Italian flag carrier flying as it seeks to finalise a life-saving tie-up with Etihad Airways. Abu Dhabi's state-owned Etih

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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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Trading in Arabtec shares suspended

Regulators in the United Arab Emirates suspended trade in shares of Dubai construction firm Arabtec on Thursday, in a sign they intend to become more active in pushing companies to disclose information. Arabtec shares, which are o

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Qalaa chairman increases CCP stake by 4pc

Qalaa Holdings chairman and founder has increased his stake in Citadel Capital Partners, which is a lead investor in the company, by four per cent.   The transaction brings Ahmed Heikal’s ownership of CCP t

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India considers selling $3bn stake in ONGC

Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

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India considers selling $3bn stake in ONGC

Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

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Abraaj acquires majority stake in Tunisian hospital

The Abraaj Group, a leading investor operating in global growth markets, has acquired a majority stake in Polyclinique Taoufik, a leading private hospital in Tunisia, through its funds.   Based in Tunis, Clinique

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Masraf Al Rayan sells stake in firm to govt fund

Masraf Al Rayan, Qatar's largest Islamic bank by market value, said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co to the real estate arm of the Gulf state's sovereign wealth fund.

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