Saturday 30 July 2016
 
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Dubai group

Dubai group buys majority stake in Americana

An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co (Americana) from the Kharafis, a wealthy Kuwaiti merchant family, for about $2.4 billion. Under a legally

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Dubai group buys majority stake in Americana

An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co (Americana) from the Kharafis, a wealthy Kuwaiti merchant family, for about $2.4 billion. Under a legally

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Dubai firm seeks funding for $8bn Guinean mine

A Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8 billion and previously held by BHP Billiton, the company's co-founder said on Thursday. James Tounkara, co-founde

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Dubai group Najibi to invest in Australia tourism projects

Diversified Dubai-based business conglomerate Najibi has opened its new investment and development company Sanad Capital on Australia’s Sunshine Coast. Sanad Capital will serve as an investment springboard for a diverse rang

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Dubai group Najibi to invest in Australia tourism projects

Diversified Dubai-based business conglomerate Najibi has opened its new investment and development company Sanad Capital on Australia’s Sunshine Coast. Sanad Capital will serve as an investment springboard for a diverse rang

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Dubai Group selling Shuaa stake, other assets in 2016

Dubai Group is in the process of selling its stake in Shuaa Capital and is also obliged to divest its holdings in EFG Hermes and Bank Muscat this year, the chief executive of Dubai Group's parent firm said on Tuesday. Asked ab

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Dubai group to acquire Saint-Gobain US property

Dubai-based Arzan Wealth said it has joined hands with US-based 90 North Real Estate Partners to acquire the North American headquarters of French building materials giant Saint-Gobain for $123 million. The 65-acre campus located

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Dubai group to launch mixed-use project

Dubai Investments Real Estate Company (DIRC) has announced plans to launch Mirdif Hills, a mixed-use residential, commercial and retail development in the UAE emirate, at the upcoming Cityscape Global expo. A real estate arm of Du

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Dubai group to build $2.6bn luxury resort in Bosnia

UAE-based Buroj Property Development plans to build a luxury resort on a mountain near Sarajevo, the capital of Bosnia and Herzegovina, at an investment of €2.3 billion ($2.6 billion), said a report.   The project will se

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Dubai Group chief joins Shuaa board

Leading UAE investment bank Shuaa Capital has appointed Dubai Group CEO Ahmed Al Qassim as a non-executive director with immediate effect. Prior to his appointment at Dubai Group, Al Qassim, an Emirati national, was the director f

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