Dubai-based real estate developer DAMAC Properties has planned to raise US$500mn through an initial public offering on the London Stock Exchange before the end of this year
Business & Management
IDB to set up cheese manufacturing facility in Saudi Arabia
The Irish Dairy Board (IDB), a cooperative enterprise of farmers, has announced plans to build a cheese manufacturing facility in Saudi Arabia, which would serve as its hub in the Middle East and North Africa (MENA) region
Mubadala Real Estate to shift investment focus to US and European property markets
Abu Dhabi?s Mubadala Real Estate has announced that it plans to invest in the US and European property markets by early next year
SIDF approves 44 loans for industrial projects in Saudi Arabia
The Saudi Industrial Development Fund (SIDF) has approved 44 loans worth US$430mn in Q3 2013 to finance 35 new industrial projects and the expansion of nine existing projects in the Kingdom
Arabtec Holding buys electromechanical services firm Efeco
Dubai?s Arabtec Holding has announced that it has completed the acquisition of Emirates Falcon Electromechanical Company (EFECO) as it attempts to enhance its position in the fields of engineering and construction