Dubai's Al Habtoor Group said it is considering selling shares in its engineering and other units next year under a new law allowing families to keep control of businesses after initial public offerings.
Leading Australian contractor Leigh
Asian stock markets took a breather, but the underlying tone was positive after the US president and Federal Reserve chairman both talked about tackling a credit problem that had roiled financial markets.
The yen was little changed against
Leighton Holdings, Australia's largest contractor and project developer, said it will pay about A$870 million ($707 million) for a 45 per cent stake in Dubai-based Al Habtoor Engineering as it expands in the Gulf market.
Shares in Leighton
Australia's Leighton Holdings is in tie-up talks with the UAE's Al Habtoor Engineering to boost its presence in the Gulf market.
The Australian construction giant said it was meeting several Middle Eastern companies, including Al Habtoor,