Thursday 10 July 2014
 
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Kuwait's Americana denies bid offers

Kuwait Food Company (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports. "The administration of the company has no knowledge of this matter. The admi

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Bahrain National Holding drops Alahlia bid

Bahrain National Holding, whose insurance unit was seeking to buy a majority stake in Alahlia Insurance Company, said on Sunday the two sides had failed to agree on the price of the deal. The parties have therefore decided it is &

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UAE submits bid to host 2019 Asian Cup

The United Arab Emirates have submitted a bid to host the expanded 2019 Asian Cup, the Asian Football Confederation has said, with competition expected to come from Saudi Arabia and Iran. Friday is the deadline for countries to su

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Two Abu Dhabi banks vie for Barclays UAE retail ops

Two Abu Dhabi lenders have emerged as frontrunners to buy most of Barclays' retail banking operations in the UAE, with a final decision expected next month after a competitive bidding process, banking sources said on Wednesday.

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Bidding 'war' for closed Waitrose outlets

A bidding war is underway for six former Waitrose outlets in Bahrain after the supermarket's regional partner announced it was going into liquidation. Supa Save Bahrain, which ran the country's Waitrose shops under franchi

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Expo 2020: Dinner diplomacy in Paris to win votes

A high-level UAE delegation is making last-minute efforts in Paris to win as many votes as possible for Dubai's bid to host the World Expo 2020. Dubai competes against three other cities - Ekaterinburg, Russia; Izmir, Turkey;

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Investcorp vies for minority Versace stake

At least seven potential buyers including one from Bahrain, are in the running to bid for a minority holding in Italian fashion house Versace, which plans to sell a 15-20 per cent stake to fund growth, sources said. Italy's st

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Cisco, Google and SAP discuss Blackberry bids

BlackBerry, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google and SAP about selling them all or parts of itself, several sources close to the matter said. Such a deal would be an alternative

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Enoc loses deal to fuel US military jets

The US military has not renewed its contract to buy jet fuel from Emirates National Oil Company (Enoc) in the UAE because other suppliers made cheaper bids, the US Department of Defense said. Dubai government-owned Enoc was contra

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Imdaad backs Dubai’s Expo 2020 bid

Imdaad, a UAE-based provider of integrated facilities management solutions, has lent its full support for Dubai’s bid to host Expo 2020 given the event’s potential to further accelerate the emirate’s infrastructural development

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