Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
Deals
Europe IPO market booming compared to US
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
AXA Private Equity spins off from AXA
In a move to provide a tax gain as well as capital gain, AXA spins off AXA PE, ceding majority control to an employee ownership group.
Billionaire Mark Cuban indicted for insider trading
The US Securities and Exchange Commission has charged Mark Cuban of insider trading. Billionaire Mark Cuban is being hauled to court for insider trading.
EU switches burden of bank bailouts from taxpayers
The European Union had switched the burden to aid troubled banks from taxpayers to shareholders, big depositors and bondholders, said a Reuters report.
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According to Egypt's central bank governor, the country had received USD7 billion of Gulf aid out of the USD12 billion pledges from Gulf countries.
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
In a bid to ease the pressure on its public finances, Oman is set to issue an international bond as well as a sovereign bond next year.
According to a data from SQM Research Pty, property prices in Sydney might increase to as much as 20% in 2014.
The exclusive discussion for Etisalat’s proposal to acquire Vivendi’s stake in Maroc Telecom had been extended up to October 31.
CEO resignation would not deter the merger of the two Omani banks. In an announcement, Bank Dhofar's CEO Anthony Mahoney had resigned from the bank.
Ooredoo, the Qatari telecommunications company, had entered into a partnership with the Cherie Blair Foundation for Women to provide assistance to businesswomen.
Nufarm is asking for openness from Aussie farmers as foreign investors would increase competition with the industry.
After more than dismal last quarter financial reports, BlackBerry is contemplating its exit from the smartphone market.
