Qatar Holding has built small stakes in Bank of America and Samsung Electronics , two sources familiar with the matter said, as the wealth fund continues on its strategy of picking minority stakes in large global companies.
Indian billionaire Anil Ambani plans to increase his stake in Reliance Communications as the debt-laden telecoms company founded by his family edges towards a sale of its phone tower unit after a year of trying.
Reliance Comm has hired UBS
Qatar is selling 379.2 million shares in British bank Barclays, worth over 1.3 billion pounds ($2.1 billion), the second major Middle East investor set to make a big profit by selling down its stake this year.
Qatar Holding, which will rem
Bahrain-based Ahli United Bank said on Sunday it had received the initial approvals to increase its stakes in two banks in Egypt and Iraq.
The lender has got the approval to increase its stake in its units, Egypt's Ahli United Bank and
Kuwait's Aref Energy Holding said it has bought from its parent company stakes in a Sudanese oil services and contracting company and an Omani drilling and oil services firm.
"There will be no profit from the sale because Aref Energy Holdi
Commercial Bank of Kuwait (CBK), the country's fourth-largest lender by market value, said on Monday it is in talks to buy a stake in an Iraqi lender and could finalise the acquisition this year.
"We are in negotiations to buy a stake from
Norwegian oil group StatoilHydro said on Tuesday it has agreed to buy stakes in two projects from US Anadarko Petroleum Corp for $1.8 billion plus a conditional oil-price related payout of up to $300 million.
The deal will give StatoilHydr
In the global battle of fashion brands, India and Italy are upping their stakes at Motexha, the regional garment and textile industry’s premier trade show.
Both countries have increased by more than half and two thirds their exhibition spa
India's biggest private sector refiner, Reliance Industries Limited, is looking to buy stakes in refineries in the US and the Middle East to expand its operations abroad, a top company official said.
Reliance, which has a market value of $