Friday 6 May 2016
 
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IIB sells stake in Tunisian car distributor

International Investment Bank (IIB) has exited from its investment in Artes, a listed Tunisian-based automobile distributor, selling it at an attractive price of 7.1 Tunisian dinars ($3.5) per share through block sales on the Tunisian Stock Ex

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Inovest sells stake in Bahrain beachfront project

Bahrain-based Inovest Group has sold its 60 per cent ownership stake in Tala Property Development at Amwaj Islands through a share purchase contract with Ossis, for a transaction value of approximately $7.7 million, said a top official.

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NBK plans to sell part of $1.9bn loan

National Bank of Kuwait (NBK) plans to sell down part of the KD600 million ($1.99 billion) it is contributing to Kuwait National Petroleum Company's Clean Fuels Project loan to other banks, it said in a statement.  

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India's Sahara Group to sell London hotel to Qatar

Indian diversified group Sahara will soon close an agreement to sell the Grosvenor House hotel in London to Qatar, it told a court in India on Tuesday, said a report. The group is also negotiating a deal with a lender for refinancing th

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Iraq to sell local bonds to public for first time since 2003

Iraq plans to sell local bonds to the public for the first time since 2003, with a 5 trillion dinar ($4.24 billion) issue expected this year, the finance minister said on Thursday, as the country seeks to cover a widening budget deficit.

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Saudi considers selling shares in oil giant Aramco

Saudi Arabia's government is considering whether to sell shares in state oil giant Saudi Aramco as part of a privatisation drive to raise money in an era of cheap oil, deputy crown prince Mohammed bin Salman told The Economist magazine.

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MEA companies to sell record bond volumes in 2016

Hard-currency bond sales by Middle Eastern and African companies will reach a record high in 2016, but overall Eurobond issuance by emerging market governments and companies is likely to shrink from this year's levels, JPMorgan predicts.

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L&G Group sells 50pc stake to Ahli United Bank

The Legal and General Group has decided to sell its 50 per cent stake in Legal and General Gulf (LGG), to its Bahrain-based joint venture with Ahli United Bank (AUB) specialising in the extension of conventional and Sharia-compliant life insur

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Mubadala GE to sell most assets to MidCap FinCo

Mubadala GE Capital, a joint venture between Abu Dhabi state fund Mubadala and General Electric's finance business, has agreed to sell most of its assets including those held through subsidiaries.   Mubadala

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RBS to sell key Indian private banking unit

Royal Bank of Scotland Group said it is selling its Indian private banking unit to a company led by the head of the business, Shiv Gupta, as the British bank pulls back from some foreign markets to focus on UK retail and commercial banking.

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