Thursday 24 April 2014
 
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Two Abu Dhabi banks vie for Barclays UAE retail ops

Two Abu Dhabi lenders have emerged as frontrunners to buy most of Barclays' retail banking operations in the UAE, with a final decision expected next month after a competitive bidding process, banking sources said on Wednesday.

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Bidding 'war' for closed Waitrose outlets

A bidding war is underway for six former Waitrose outlets in Bahrain after the supermarket's regional partner announced it was going into liquidation. Supa Save Bahrain, which ran the country's Waitrose shops under franchi

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Expo 2020: Dinner diplomacy in Paris to win votes

A high-level UAE delegation is making last-minute efforts in Paris to win as many votes as possible for Dubai's bid to host the World Expo 2020. Dubai competes against three other cities - Ekaterinburg, Russia; Izmir, Turkey;

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Investcorp vies for minority Versace stake

At least seven potential buyers including one from Bahrain, are in the running to bid for a minority holding in Italian fashion house Versace, which plans to sell a 15-20 per cent stake to fund growth, sources said. Italy's st

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Cisco, Google and SAP discuss Blackberry bids

BlackBerry, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google and SAP about selling them all or parts of itself, several sources close to the matter said. Such a deal would be an alternative

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Enoc loses deal to fuel US military jets

The US military has not renewed its contract to buy jet fuel from Emirates National Oil Company (Enoc) in the UAE because other suppliers made cheaper bids, the US Department of Defense said. Dubai government-owned Enoc was contra

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Imdaad backs Dubai’s Expo 2020 bid

Imdaad, a UAE-based provider of integrated facilities management solutions, has lent its full support for Dubai’s bid to host Expo 2020 given the event’s potential to further accelerate the emirate’s infrastructural development

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5 groups submit offers for Oman Rail contract

Five groups led by prominent international consultants have submitted offers for a contract to provide project management consultancy (PMC) services for the Oman National Railway Network (Oman Rail) project, said a report. They we

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Boeing undercuts rivals in SKorea fighter contest

Boeing's bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the price ceiling set by the country's arms procurement agency, sources close to the process said on Monday.

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TDIC invites bids for Guggenheim museum

Abu Dhabi's Tourism Development and Investment Company (TDIC) has invited pre-qualification bids for the main contract works for the Guggenheim Abu Dhabi Museum. The museum, with an approximate built-up area of 80,660 sq m in

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