According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost investor capital in the United Arab Emirates.
Deals
Lab21 sells its blood bank screening business unit
Trinity Biotech purchases Lab21's blood bank screening unit for USD7.5 billion. In a recent move, Lab21 had sold its blood bank screening unit to Trinity Biotech for USD7.
beRecruited is sold to the Raine Group
beRecruited, the top athletic recruitment social network, was sold off by Madison Parker Capital to the Raine Group.
BHP Billiton had given up nine stakes in India
BHP Billiton did not confirm the reason for such return of oil and gas stakes in India. BHP Billiton, the global mining firm, said last Monday that it had given up nine oil and gas exploration blocks located in India.
New joint venture enters Indian healthcare market
The Burman family and Healthcare At Home UK form joint venture for the Indian market. The promoter of Dabur India, the Burman family, is entering into the healthcare market through a joint venture with the founders of UK based 'Healthcare at Home'.
Latest News
In an announcement today, Ultra Petroleum Corp said it would be acquiring oil-producing properties that are located in the Colorado Plateaus province for company expansion.
AT&T gets US4.85 billion balance sheet anchor from largest wireless tower lot agreement Crown Castle
Crown Castle International Corp was set to own AT&T Inc's 600 wireless towers and be an exclusive operator of the US phone company's 9,100 other towers for a premium price of USD4.85 billion.
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.
Invest AD, the distribution firm for Red Bull Energy Drink, was recently bought by Mezzan Holding Co to expand its consumer related business portfolio.
Huishang Bank Corp's planned initial public offering would be the biggest public listing by a banking institution on the Hong Kong Stock Exchange in three years.
The size of the initial public offering of Tinkoff Credit Systems had been increased to USD1.25 billion, according to a financial market source.
Hutchison Whampoa would be considering a spinoff for its AS Watson Group unit after it failed to find a buyer for its ParknShop chain.
Douglas Holding said it was exclusively talking with Charterhouse Capital Partners to acquire France-based perfume maker Nocibe.
Woori Finance Holdings closed its preliminary bidding to privatize the largest financial company in South Korea.
