Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
Sectors
Rocket Internet-backed Linio obtains USD50 million in new funding
E-commerce company Linio's USD50 million new investment would go towards company expansion. According to a VentureBeat report, e-commerce company Linio received an additional USD50 million in investment.
Brentwood Associates affiliate acquires Allen Edmonds Corp.
The leather goods specialist Allen Edmonds Corp is purchased by an affiliate of Brentwood Associates.
Midatech raises GBP10 million through funding round
Midatech's unique biocompatible gold-nanoparticles raised GBP10 million from investors. One of the global leaders in nanomedicine design, synthesis and manufacturing, Midatech Ltd, announced the completion of the issuance of its new equity.
Troy Carter loses Lady Gaga amidst set up of new USD75 million fund
According to a source, Troy Carter apparently had been busy not managing Lady Gaga's music career, causing the music artist to sever ties with her long-term manager.
Latest News
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
OpenText Corp, a Canadian business software maker, acquired cloud computing company GXS Group Inc to strengthen its holding in the enterprise software market.
With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
American pharmaceutical company Endo Health Solutions Inc entered into a definitive agreement to acquire Paladin Labs Inc for USD1.6 billion.
Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
Remote diagnostics company AetherPal secured USD6 million in Series A funding for the development of its pre-loaded software for smartphones.
Microsoft entered a 20-year deal with RES Americas to source wind power from its Texas facility. Microsoft Corp. sealed a deal to source power from a Texas wind farm.
