A private hospital in Bahrain is reportedly planning to sell off land to raise the money it needs to pay staff.
International Hospital of Bahrain (IHB) medical director Dr Abdul Shaheed Naseeb blamed an 80 per cent drop in busines
Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter.
Royal Bank of Scotland (RBS)
Abu Dhabi National Oil Co (Adnoc) has sold about 125,000 tonnes of naphtha to Vitol at premiums that were at least $10 below the market rate of $28 a tonne to Middle East quotes on a free-on-board (FOB) basis, traders said on Friday.
Immediate fines for companies in bahrain found to be illegally selling commercial registrations (CRs) on the black market are being considered by the Industry and Commerce Ministry.
Minister Zayed Al Zayani told MPs yesterday (Mar
Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said.
The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv
South Korean steelmaker Posco has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported.
Bahrain-based global investment manager Arcapita has sold US-based PODS, a moving and storage container company, to the Ontario Teachers' Pension Plan for a transaction value in excess of $1 billion.
Arcapita and its affiliate
Private equity firm Abraaj Group said it had sold a 21 per cent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis.
IDH, which resulted from the
The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.
National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit.