Saturday 19 April 2014
 
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Kuwait Food 'unaware of potential stake sale'

Kuwait Food (Americana) is not aware of any potential stake sale by its majority shareholder, its chairman said on Sunday.   Sources told Reuters recently that Kuwait's billionaire Al-Kharafi family was looki

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Gulf row 'delays Occidental ME asset sale'

Occidental Petroleum Corp is facing delays in its efforts to sell its stake in its Middle East business due to regional disputes over the Muslim Brotherhood, according to Bloomberg. The oil and gas producer had said in October las

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Mont Royal units for sale at The World Dubai

Suites and floating villas in Mont Royal, a five-star hotel being built in The Heart of Europe in The World in Dubai are being sold with off-plan prices ranging from Dh3,000 ($816) to Dh3,700 per sq ft, said a report.  

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India raises $3 billion from stake sales

The Indian government yesterday raised $1.4 billion through share sales, in a push to shore up state finances before it heads into a tough parliamentary election next month. As a result, New Delhi managed to exceed its sharply-low

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Omantel share sale subscribed 1.99 times

The first part of the Oman government's sale of a 19 per cent stake in telecommunications operator Omantel, part of efforts to revive its privatisation programme, was 1.99 times subscribed, the company said on Sunday.  

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4,000 properties on show at Dubai event

More than 4,000 properties for sale or rent in the local and international markets will be showcased at a consumer property show which opens tomorrow (February 20) in Dubai. The three-day Next Move live, which will be held at the

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ABB looks to shed over $1bn in non-core assets

Swiss industrial conglomerate ABB is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core business

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EMart nets $20m from online auction

EMart, the online portal for Dubai real estate market, has fetched Dh74.6 million ($20.3 million) in sales from its first online auction of 11 residential and commercial properties. The portal was launched by the Dubai Land Depart

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Royal Jordanian, Oman Air enter free sale deal

Royal Jordanian and Oman Air have signed a free sale codeshare deal offering passengers seven weekly flights between Amman and Muscat. Under the terms of the agreement, the flights are operated by Oman Air and marketed by both car

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85 Liwan apartments go on sale in Muscat

Liwan apartments, adjoining the Kempinski The Wave, Muscat, has been released for sale. The 85 one- and two-bedroom apartments are spread over three boutique buildings, said a statement. Liwan residents will have ac

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