First Omani Sukuk to be closed soon

Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.


Virgin Money Returns to Profitability

Virgin Money recently returned to profitability after its acquisition of Northern Rock last January 2012.

Odgers Berndston names new head

Simon Havers was named as Odgers Berndston's new head. (Photo : Reuters)This is an image of executives based in London. Odgers Berndston, a United Kingdom-based private equity firm, named Simon Havers as its new executive to head its new private equity sector team.

Metacloud raises $10 million in Series A round

Metacloud raised $10 million in its Series A funding led by Canaan Partners. (Photo : Reuters)This image represents cloud technology. Cloud solutions provider Metacloud said today that it closed its $10 million Series A fundraiser.


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Ludei announced that it has gained $1.5 million in funding from Spanish investors. (Photo : Reuters)This is the logo of Ludei. The new capital will be utilized for the company's expansion of its JavaScript and HTML5 engineering processes and engineering team in lieu of the industry's increasing demand from major players in the entertainment and tech sector.
Related and Highbridge agreed to partner and create a joint venture on real estate. (Photo : Reuters)The image is an urban area where REITs and real estate moguls earn their keep.
Egypt's OCI increased in value as the country's finance authority approves of tender. (Photo : Reuters)The image is snapshot of the trading floor of the Egyptian bourse Orascom Construction Industries, one of Egypt's largest publicly traded firms, predicts a tremendous upsurge in more than seven years.
Lark Energy put 100 megawatts worth of projects for sale. (Photo : Reuters)The image is an aerial shot of the proposed project from the LA Department of Water and Power.
India's ICICI said that it is picking exporter stocks amidst foreign fund exits. (Photo : Reuters)Securities and Exchange Board of India chief U. K.
Former director of Bumi Rosan Roeslani will be paying the company $201 million. (Photo : Reuters)The image is a Indonesian money held by a woman. Bumi Plc.
A pending bill in the New York Assembly endangered Tesla's New York operations. Tesla Motors Inc. , Elon Musk's electric car manufacturer, stated that the New York's Assembly has set asie a bill that could potentially shut down its New York business.
Juggenaut Capital Partners made an investment into Ceuta Healthcare. (Photo : Reuters)The image is a model preparing to apply cosmetics. Investment firm Juggernaut Capital Partners gave funds for investment to Ceuta Healthcare Group.
Complix completed its Series B funding as Edmond de Rothschild Investment Partners and GMIV handed their support.
Sanofi, Novartis and GSK are in a race to buy Elder Pharma's formulations unit. (Photo : Reuters)The image is a billboard of Sanofi, the French drugmaker.