In an expected move, Versace is set to sell minority shares. The Italian luxury goods house Versace was, eariier this year was in discussion with a sale to Qatar, contracted to privately sell a minority stake in 2013.
Deals
UAB sponsors FC Barcelona
United Arab Bank recently formalized a sponsorship agreement with FC Barcelona. FC Barcelona, the Spanish football giant, had further strengthened its partnership with the Gulf region as it announced last Sunday the forging of a three year deal with UAE financial institution United Arab Bank.
Qatar Airways and British Airways forge partnership on frequent flyer miles
In an announcement, Qatar Airways CEO formalized an exchange programme between Qatar Airways and British Airways.
Xyec Holdings opts to list in Singapore instead of Japan
Singapore is the listing index for Xyec Holdings instead of Japan. The first Japanese firm to debut exclusively in Singapore, Xyec Holdings Co, plans to expand its information technology expertise to Southeast Asia through local purchases and engagement of local talent.
DAE ends discussions with StandardAero
The discussions of a possible merger between DAE and StandardAero has ended. StandardAero's owner, Dubai Aerospace Enterprise, said it had ended discussions with British aircraft servvices company BBA Aviation.
Latest News
KazMunaiGaz purchases Kashagan oil field shares for Kazakhstan. Soon after the blocking the USD5 billion deal for ONGC Videsh Ltd, Kazakhstan soon transferred a 8.
Muthoot Finance announced the construction of new ATMs to expand its operations. One of the leading gold financing firms in India, Muthoot Finance, had drafted plans to construct 250 white label ATMs in the next three months.
Theme park operator Merlin Entertainments Group had drafted plans to undertake an IPO. The Merlin Entertainments Group has planned to raise nearly GBP3 billion or USD4.
Three teenage 'exorcists' claim UK is overcome by Satan's work and spells from Harry Potter.
Chicago Cubs announced that it had signed a deal with Anheuser-Busch InBev valued USD500 million for the renovation of its Wrigley Field ballpark.
The Municipality of Abu Dhabi launched a new project and sought for investors in its planned installation and operation of street retail kiosks.
Microsoft Corp had been acquiring and investing in companies in the last two decades as the software maker planned to accelerate its presence in a market that it does not own.
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.
