Al Habtoor eyes IPO of engineering, other unitsDubai's Al Habtoor Group said it is considering selling shares in its engineering and other units next year under a new law allowing families to keep control of businesses after initial public offerings. Leading Australian contractor Leigh More… |
Stocks subdued, yen flatAsian stock markets took a breather, but the underlying tone was positive after the US president and Federal Reserve chairman both talked about tackling a credit problem that had roiled financial markets. The yen was little changed against More… |
Leighton buys $707m Al Habtoor stakeLeighton Holdings, Australia's largest contractor and project developer, said it will pay about A$870 million ($707 million) for a 45 per cent stake in Dubai-based Al Habtoor Engineering as it expands in the Gulf market. Shares in Leighton More… |
Leighton in tie-up talks with Al HabtoorAustralia's Leighton Holdings is in tie-up talks with the UAE's Al Habtoor Engineering to boost its presence in the Gulf market. The Australian construction giant said it was meeting several Middle Eastern companies, including Al Habtoor, More… |