The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
Sectors
Arbiter finds against Lincolnshire Management
The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.
Apple iPhone 5C is cheap but classy
The iPhone 5C may be cheap but it's got glamour and class, said a review in The Independent. Apple sought to develop a more affordable iPhone for customers on a budget and the company came up with the iPhone 5C.
ONGC to raise stake in Brazilian oil field- sources
Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).
Apple's iOS 7 update has new, flatter look
The Apple iOS 7 was a visual departure from its earlier versions, a report from The Independent said.
Latest News
Emirates NBD agreed to a five year sponsorship deal with Manchester United Football Club. The largest bank in the United Arab Emirates, the Emirates NBD, recently announced a five year partnership agreement with Manchester United Football Club.
Macau Legend announced plans to raise USD 300 million through a share sale to redevelop the Fisherman's Wharf complex.
Criteo filed for a USD 190 million IPO in the Nasdaq Stock Market. France-based web advertising firm Criteo filed for an USD 190 million initial public offering in the US.
The Blackberry Z30 would be launched in Malaysia to compete with market leaders Apple iPhone and Samsung's Galaxy S4.
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
Tencent Holdings, with its recent share value rise, pushed the overall value to above USD100 billion.
Investor sentiment improved in Switzerland for September, a new survey revealed. Investor confidence in Switzerland increased in September. Germany-based ZEW Center for European Economic Research and Credit Suisse Group based in Zurich revealed investor and analyst expectations rose to 16.
Hungary applied for permission to sell bonds in the US market. The European Union's most heavily indebted member nation had filed with the US regulatory authorities for the issuance of USD5 billion worth of bonds.
Dan Gertler of Oil of DR Congo wanted partners to develop oil in Lake Albert in Congo. Oil magnate Dan Gertler, owner of Oil of DR Congo, would like partners to develop a potential oil find in the Democratic Republic of Congo.
