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.
Investors
Douglas engaged with Charterhouse regarding Nocibe buyout
A potential consolidation of French perfumery chain Nocibe and German books-to-cosmetics retailer Douglas Holding would create France's second-largest perfume retailer.
Renaissance, through Topaz Marine, set to offer senior notes
The offered senior notes from Renaissance is worth USD350 million with a five year term. Renaissance Services, an Omani based firm, announced last Monday that its subsidiary, Topaz Marine was in the process of marketing a five year USD350 million senior note offer.
Abu Dhabi-Dubai bourse merger will form a market powerhouse - official
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.
Ultra Petroleum acquires Uinta Basin properties for USD650 million
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.
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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.
French utility company Electricite de France (EDF) would be joining forces with Areva and two Chinese nuclear firms to build a nuclear power plant in the UK.
A Chamber of Mines report said with enough investment and stable mining policies, South Africa could compete with Russia for the recognition as the second largest platinum producer.
Chinese government think-tank Development Research Center had proposed a lift of the ban to sell bonds in order to reduce its local governments' USD4 trillion debt.
