Business & Management

Spar to open nine supermarkets in Oman by 2016

SPAR-POSTBOXFood-store retailer Spar International has partnered with Oman’s diversified business group Khimji Ramdas to open nine of its supermarkets in the sultanate by 2016

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AECOM wins US$290 million contract in Libya

Tripoli SkylineUS-based project management firm AECOM has won a US$209mn contract in Libya to act as lead manager for the government’s housing and infrastructure development programme in urban areas

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Dubai World unit sells Atlantis hotel to ICD

the atlantis hotelA unit of Dubai World has sold its Atlantis hotel situated in Palm Jumeirah to Investment Corporation of Dubai (ICD) for an undisclosed sum, to help the group with its debt repayments

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Qatar plans US$548 million venture for industrialisation

qatar skylineThe Qatar Chamber of Commerce and Industry has announced plans for establishing a US$548mn venture that would focus primarily on the construction of industrial plants and related projects in the country

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Aldar Properties raises US$750 million through sukuk issue

aldar headquartersThe UAE’s Aldar Properties has raised US$750mn by issuing a five-year sukuk, its first capital markets transaction since its merger with Sorouh Real Estate in 2013

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