Middle East
Dubai Shares Advance on Debt-Deal Expectations; Emirates NDB, Emaar Climb Dubai shares surged to the highest
close since January on speculation Dubai World’s restructuring
proposal will appease investors and after Saudi Arabia’s
benchmark index rose.
Bharti Arranges $8.3 Billion Zain Funding, Led by StanChart, Barclays, SBI Bharti Airtel Ltd., India’s biggest
mobile-phone company, said it obtained $8.3 billion in funding
for its proposed acquisition of Zain’s African assets, a day
after its board gave approval for a formal offer this week.
Israel MSCI Upgrade to Developed Market Will Boost Stocks, Hapoalim Says Israel’s reclassification by MSCI
Inc. as a developed market from emerging market status in May
this year will benefit local stocks, Bank Hapoalim Ltd. said.
Dubai's Damas Says Board Members Resign After Market Regulator's Directive Damas International Ltd., a Dubai-
based jeweler, said it received the resignations of board
members, complying with a directive of the Dubai Financial
Services Authority.
Abu Dhabi Inflation Accelerates to 1.9% in February From 1.4% in January Abu Dhabi inflation accelerated to
1.9 percent in February from 1.4 percent the previous month, the
Abu Dhabi Statistics Center said in an e-mailed statement today.
Emaar Transfers Management of Education Portfolio in Dubai to Innoventure Emaar Properties PJSC, the builder
of the world’s tallest skyscraper, transferred its education
portfolio in Dubai to Innoventure Educational Investments LLC.
F.I.B.I. Holdings Climbs to Highest in 16 Years on Discount Bank Agreement F.I.B.I. Holdings Ltd. gained to
the highest level in at least 16 years after reaching an
agreement with Israel Discount Bank Ltd. regarding the lender’s
stake in First International Bank of Israel Ltd.
Triago to Help Amwal AlKhaleej Raise Part of $500 Million Fund, Chair Says Triago, a company that raises money
for private equity investors, will help Saudi Arabia’s Amwal
AlKhaleej raise part of the $500 million it’s targeting for a
third buyout fund.
Depa of Dubai Initiated With `Buy' at Nomura on Stock Valuation, Expansion Depa Ltd., a Dubai-based interiors
contractor, was initiated with a “buy” recommendation and a
price estimate of $1.05 at Nomura, citing an “unwarranted
discount.”
Depa of Dubai Acquires Marble Stone Producer Carrara Mid East Industrial Depa Ltd., a Dubai-based interiors
contractor, acquired Carrara Mid East Industrial Co. LLC.
Iraq Election Chief Rejects Al-Maliki's Call for Election Ballot Recount Iraq’s election chief rejected a
call for a vote recount by Prime Minister Nouri al-Maliki, who
is neck-and-neck with his closest rival in parliamentary polls.
Netanyahu to Meet With Obama, Raise Core Issues in Talks With Palestinians Israeli Prime Minister Benjamin
Netanyahu agreed today to raise core issues with the
Palestinians in U.S.-mediated talks and was invited to meet U.S.
President Barack Obama at the White House on March 23.
United Nation's Ban Visits Gaza and Calls on Israelis to Lift Blockade United Nations Secretary-General
Ban Ki-moon called on Israel to lift its blockade of the Gaza
Strip, saying Palestinians need construction materials to
rebuild the battered Hamas-controlled territory.
FEEDBACK
HOME
