Dubai is being eyed for a USD150 billion investment push from Asian institutional investors. Institutional investors from all over Asia had placed the Dubai market in its crosshairs as a place to invest nearly USD150 billion.
Deals
US Justice Department loses bid to delay case on US-AMR merger
Judge Colleen Kollar-Kotelly had turned down the US Department of Justice's request to delay the hearing of the case against AMR Corp and US Airways Group Inc regarding the airlines' planned merger.
Dubai plans to be an Islamic business hub- report
A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.
Saudi British Bank MD David Dew says high loan growth in Saudi Arabia can be sustained
In a rare interview with a head of a Saudi bank, SBB MD David Dew said the current high loan rate can be sustained in the Gulf kingdom.
Central Bank Gov says Saudi Arabia is not concerned with shutdown
Saudi Arabia Central Bank Governor Fahad al-Mubarak remained confident that Washington would be able to resolve its political deadlock.
Latest News
A suit had been filed in the Delaware Chancery Court to compel Apollo to complete its acquisition of Cooper Tire.
Five companies would be vying for the West Bengali government's shares in Haldia Petrochemicals Ltd through a bidding process.
Rupee's depreciation makes India an attractive proposition for US investors. India's top ranked takeover advisor Bank of America Corp identified the rupee's depreciation as the main factor in generating interest from US companies in setting up factories in India.
The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.
Billionaire activist Carl Icahn had withdrawn his campaign to block the leveraged buyout offer of Dell-Silver Lake.
Market sources had told Reuters that Bank Gospodarki Żywnościowej (BGZ) SA would be getting a potential bid from PZU Group-backed Alior, a Polish lender.
Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.
On Friday, the New York bourse saw an increase in trading of Potbelly Corp's shares after its public listing launch.
Avaya Inc had explored a sale earlier this year instead of taking the company private, said a Reuters report.
