Egypt-based Travco Group International has sold 50 per cent of its stakes in Air Arabia Egypt, a senior official has announced.
Hamed El Chiaty, chairman of the group, said: “We leave the airline industry as we prefer to foc
Indian diversified group Sahara has diregarded a $1.3 billion UK-Saudi bid received for its three hotels in London and New York as 'baseless', stating that it values the assets lower than the market price, said a report.
Brazil's government will consider selling airports in Sao Paulo and Rio to help to reduce a large fiscal deficit next year, interim President Michel Temer told the Folha de S.Paulo newspaper on Sunday.
The paper said that the
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
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.
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.
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
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.
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.
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.