Sunday 21 December 2014
 
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‘Too early to know shareholder intentions on Qatari bid’: Songbird

Songbird Estates, the subject of a 2.6 billion pound ($4 billion) hostile takeover bid from a Qatari-led group, said it was too early to speculate on the intentions of the majority of its shareholders. The company, the owner of Lo

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KKR-CVC pick advisers for Americana bid

KKR & Co and CVC Capital Partners have chosen Goldman Sachs and HSBC to advise them on their joint bid for a majority stake in Kuwait Food Company (Americana), sources familiar with the matter said on Tuesday. The private equi

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Abu Dhabi to host World Road Congress 2019

The UAE, represented by the Abu Dhabi Department of Transport (DoT), has won the right to host the 'World Road Congress,' the most authoritative international event in the area of roads and road transportation, to be held in 2019.

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FIFA completes probe into Qatar World Cup bid

FIFA ethics committee investigator Michael Garcia has completed his probe into the controversial bidding process for the 2018 and 2022 World Cups, awarded to Russia and Qatar respectively, and handed in a 350-page report. The repo

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Dubai eyes bid for Olympics

Dubai plans to expand its existing sports facilities across the emirate and eyes submitting a bid to host the Olympic Games, government officials were quoted as saying. Ali Omar, the director of Dubai Sports Council (DSC) sports d

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Asian, western firms bid for UAE oilfields

Asian and western firms have bid to help operate the UAE's biggest oilfields after a deal with oil majors expired this year but the Gulf Arab state is yet to decide whether to let Asian oil buyers in for the

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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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