Sunday 28 December 2014
 
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IFA

EFG Hermes appoints independent financial advisor

EFG Hermes, a leading investment bank in the Arab world, has appointed HC Securities and Investment as the independent financial advisor (IFA) to opine on the fair value of the stock and the fairness of the offer.  

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Samsung unveils new UHD Oled TV

Samsung Electronics showcased both the flat and curved formats of its Ultra High-Definition (UHD) Oled TV at the recent IFA 2013, the largest consumer electronic trade show in Europe.   The UHD Oled TV is a proof

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Kuwait group seals Saudi retail store deal

MS Retail (MSR), a top developer of specialty retail and entertainment stores in Kuwait, has inked a SR80 million ($48 million) deal with Abdul Mohsen Al Hokair Company for Tourism and Development to open its flagship stores in Saudi Arabia.

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IFA, KREC, John Buck to develop Yotel brand

IFA Hotels & Resorts (IFA) and Kuwait Real Estate Company (KREC) have partnered with The John Buck Company to develop more than $650 million worth of Yotel hotels in North America over the next three to five years. The partnership will

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New firm to invest in Saudi power sector

A group of Saudi investors have set up a company with a capital of SR400 million ($106.66 million) to invest in the filed of power generation and distribution, a report said. The Eastern Province-based company has signed a series of deals

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World fertiliser demand to rise 3pc in 2011/12

World demand for fertilisers will rise again this season to hit a new record level, driven by growth in emerging economies and strong fundamentals in agricultural markets, the International Fertiliser Industry Association (IFA) said. Ferti

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Franchising expo opens in Dubai

Franchising Middle East (FME), a leading exhibition for the franchise sector in the Middle East region, kicked off on Tuesday at Dubai International Exhibition Centre. Abdullah Tayyeb Qassem, senior vice president (Venues), Dubai World Tra

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IFA Hotels profits soar 130pc

IFA Hotels & Resorts (IFA HR) has reported a profit of KD15.01 million ($ 56.41 million) for the first quarter of its financial year, an increase of 130 per cent compared to the same period last year. Earnings per share increased by 13

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IFA to auction freehold office space

IFA Hotels & Resorts and joint venture partner Nakheel have launched the first office space on the Palm Jumeirah at The Palm Golden Mile. The freehold offices will be sold by private auction in Dubai. The property sale will of

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IFA, Nakheel sign $1bn resort deal

IFA Hotels & Resorts (IFA HR) has announced its second joint venture partnership with Nakheel for the development of a $1 billion resort. The company has acquired two plots of land adjacent to the Kingdom of Sheba resort, its first pro

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