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Aldar swings to Q1 profit on asset salesAldar Properties, the struggling developer rescued by a $5.2 billion bailout by Abu Dhabi last quarter, returned to profit, after it booked sales of assets, including the Ferrari World theme park. The builder of the Yas Marina Formula One More… |
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Aldar to seek approval for assets saleUAE's Aldar Properties' board plans to call a shareholders meeting to seek approval for sale of 'certain' assets and issue a convertible bond, the struggling property developer said in a statement on Tuesday. Aldar said its More… |
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Dubai plans sale of prized assets to publicThe emirate of Dubai may consider selling parts of government-owned companies as it continues to restructure those hit hard by the financial crisis, top financial officials said on Sunday. Dubai, a regional financial and trade hub, suffere More… |
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Dubai gets ready for asset sales says Moody'sAfter years of international acquisitions, Dubai Inc has started to place some of its performing non-core assets up for sale, according to Moody's Investors Service. This attempts to address the debt of government-related issuers More… |
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Zain halts African assets sale talkKuwait's Zain, the Gulf's third-largest telecoms firm by market value, halted talks to sell its African assets to appease potential buyers of a stake in Zain Group, the firm's chief executive said. Last month, Kuwaiti conglomer More… |
