India's new right-wing government kicked off its troubled privatisation drive yesterday, selling a five per cent stake in the state-controlled Steel Authority of India Limited (SAIL) to generate revenue and plug a gaping budget deficit.
Oman plans to break up government-owned Oman Air, the country's loss-making national airline, this year, Minister for Financial Affairs Darwish Al-Balushi has said.
"Oman Air is losing money, so it's going through a r
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday issued an edict approving privatisation policies and regulations.
A high privatisation committee will be set up under the chairmanship of a minister,
Four major sectors of Saudi Arabian Airlines (Saudia) are marked down for privatisation in 2014, said a top official.
The units included Prince Sultan Aviation Academy, Saudia Private Airline, Medical Services, which include a 400
Turkey will not privatise its toll roads and bridges this year but may hold an initial public offering for them in 2014, Finance Minister Mehmet Simsek told Turkey's CNBC-e television on Wednesday.
A $5.7 billion tender for th
India fell just short of its target in a chaotic $2.5 billion auction of shares in Oil and Natural Gas Corp, getting off to a faltering start in its bid to revive government stake sales to patch its widening fiscal deficit.
The country's t
The Indian government is set to raise at least $2.5 billion by selling a 5 percent stake in Oil and Natural Gas Corp (ONGC) on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda.
Kuwait's Capital Markets Authority said on Sunday it has hired HSBC to advise on plans to privatise the Gulf Arab state's stock exchange and sell a stake in an initial public offering (IPO).
The privatisation plan, if completed, would make
Saudi King Abdullah has ordered the establishment of an independent civil aviation authority and put its head in charge of the board of Saudi Arabian Airlines, a move that could help speed up privatisation of the national carrier.
State-owned Kuwait Airways has delayed plans to privatise the airline and will now push ahead with the restructuring of the ailing carrier, a committee formed for the privatisation plan said on Sunday.