Wednesday 27 August 2014
 
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Malaysia Airlines faces complete overhaul

Malaysia Airlines will be taken over by the country's state investment fund and de-listed, as part of plans announced yesterday (August 8) for a 'complete overhaul' to rescue the company from oblivion after two crippling air disaster

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Mubadala to get 10pc of Brazil iron ore miner

Brazilian tycoon Eike Batista will transfer 17.1 million shares, or 10.5 percent, of his iron ore mining company MMX Mineração e Metalicos SA to Abu Dhabi government investment fund Mubadala Development Corp, MMX said in a statemen

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Zain Bahrain to offer 48m shares in IPO

Zain Bahrain, the kingdom’s second licensed full service telecom operator, is set to offer 48 million shares equivalent to 15 per cent of issued share capital. Bahrins’s first initial public offering (IPO) since 2010 will be

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Marka to list shares on DFM in mid-September

Dubai retailing and restaurants group Marka plans to list its shares on the Dubai Financial Market (DFM) in the second week of September, in what would be the bourse's first flotation for five years, the comp

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Trading in Arabtec shares suspended

Regulators in the United Arab Emirates suspended trade in shares of Dubai construction firm Arabtec on Thursday, in a sign they intend to become more active in pushing companies to disclose information. Arabtec shares, which are o

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Arabtec surges; earnings lift Qatar

Dubai's bourse outperformed a generally strong region on Tuesday as construction firm Arabtec surged on hopes for positive news from the company or one of its major shareholders. Arabtec soared 13.6 percent to a one-month high

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UAE stock market surges on Arabtec hopes

Dubai builder Arabtec's shares soared on Wednesday (July 2) ahead of the company's first news conference since last month's management reshuffle, helping markets in the UAE rally strongly for a second

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Arabtec calms markets, says restructuring won't hurt projects

A restructuring of major Dubai construction firm Arabtec will not damage its ability to proceed with its expansion plans, chairman Khadem Abdulla al-Qubaisi said in a statement on Wednesday. Qubaisi issued the statement to the Dub

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Massive lays off at Arabtec after CEO's departure

Dubai contractor Arabtec Holding has laid off a significant number of employees in the wake of chief executive Hasan Ismaik's departure last week, sources with knowledge of the matter told Reuters on Monday. Large numbers of s

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GFH loses appeal against Kuwait regulator monitoring

Kuwait's Capital Markets Authority (CMA) has rejected an appeal by Bahrain-based Gulf Finance House (GFH) against the regulator's decision to monitor its Kuwait-listed shares, the investment firm said on Monday. The CMA de

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