Saturday 2 August 2014

Warburg Pincus to acquire majority stake in mercator

Warburg Pincus, a global private equity firm focused on growth investing, has signed a deal with dnata, an air service provider, to acquire a majority stake in mercator.   Mercator is a Dubai-based provider of so


Lanka ruling coalition wins majority

Sri Lankan President Mahinda's Rajapaksa's ruling coalition has won a simple majority of seats in parliament, official results said on Friday, as counting continued. Rajapaksa's United People's Freedom Alliance had won 120


Batelco plans major stake sale

The government plans to sell the majority, if not all of its shares in Batelco over the next three years, it has emerged. The sale, part of the second national telecommunications plan, will enable Batelco to operate with full independence


DED issues 1,018 licences in December

The Dubai Department of Economic Development (DED) has issued 1,018 licences in December 2007, according to a report. The majority of these were issued in the commercial sector (820), followed by the professional sector (168), industrial

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