by Asharq Al-Awsat | Oct 13, 2009 | Business
DUBAI, (Reuters) – Private equity activity in the wider Middle East region in the near future will be especially strong in Saudi Arabia and Turkey, a top executive of The Carlyle Group said on Tuesday. “The Gulf is not only a source of capital, I think it...
by Asharq Al-Awsat | Oct 12, 2009 | Business
RIYADH, (Reuters) – Dar Al-Arkan Real Estate Development Co, Saudi Arabia’s largest developer by market value, will spend 7.5 billion riyals ($2 billion) over a period of five years on a new residential project in Jeddah. Construction on the new integrated...
by Asharq Al-Awsat | Oct 12, 2009 | Business
DUBAI, (Reuters) – Private equity firm Gulf Capital is looking to invest $500 million in Saudi Arabia, the United Arab Emirates and Egypt, the company’s chief executive said on Monday. The opportunities include a deal in the healthcare sector that would be...
by Asharq Al-Awsat | Oct 12, 2009 | Business
KUWAIT CITY, (AFP) — Kuwait, one of four Gulf States to sign a pact to launch a monetary union and single currency, on Sunday called for a delay in the 2010 launch date, citing incomplete preparations. “The ministry of finance calls for revising the target date...
by Asharq Al-Awsat | Oct 12, 2009 | Business
RIYADH, (Reuters) – Saudi Arabia’s Almarai Co, the Gulf’s largest dairy company by market value, posted a 23.7 percent rise in third-quarter net profit despite a slowdown in sales. Third-quarter net profit was 363.4 million riyals compared with 293.7...
by Asharq Al-Awsat | Oct 11, 2009 | Business
MANAMA (Reuters) – Bahrain’s Unicorn Investment Bank is interested in buying Dubai Group’s stake in Malaysia’s Bank Islam and plans to issue sukuk in Saudi Arabia before the end of the year, its chief executive said on Sunday. Dubai Group, an...
