Bahraini businessman Mahmood Al Kooheji quit his post as Tamkeen CEO without providing a reason for the said decision.
Sectors
Canadian Tire REIT raises funds through share sale
A share in CT REIT is worth CAD10 each and 26.35 million trust units were sold. The real estate investment trust of Canadian Tire Corp had raised CAD263.
Aeroflot's budget airline Dobrolet to ferry a million passengers in 2014
Dobrolet means 'good flier' to help it navigate the competition in the cut throat budget airlines business.
Elliot Management seeks higher valuation for its shares in Kabel Deutschland
Elliot Management is holding out for a higher valuation of its shareholdings in Kabel Deutschland in the takeover bid by Vodafone Group Plc.
Regency Energy Partners purchases PVR Partners LP
For USD3.88 billion all share exchange transaction, Regency Energy acquires PVR Partners. Pipeline partnership Regency Energy Partners LP, which is controlled by Energy Transfer Equity LP, agreed to purchase PVR Partners LP for USD3.
Latest News
A new book by New York Times reporter Nick Bilton had claimed that Twitter Inc Chairman Jack Dorsey got co-founder Noah Glass booted out from the company in 2006.
Achates Power completed its Series C funding round with USD 35.2 million from existing investors which included Sequoia Capital Partners, RockPort Capital Partners, Madrone Capital Partners, InterWest Partners and Triangle Peak Partners.
In an interview with Bloomberg, Deyaar Properties CEO Said Al-Qatami confirms the investment in buildings located in Dubai.
Abu Dhabi based airline Etihad purchased Virgin Australia shares on the Australian bourse as a means to increase its shareholdings in the Australian airline.
Marlin Equity Partners bought iolo technologies and merged the acquired company with Phoenix Technologies.
New and existing customers of T-Mobile International AG would be able to enjoy the telecom company's new international plan that has no fees for text messages and data in over 100 countries.
The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.
Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.
Mobile financial solutions provider Level initially closed its Series A funding round with USD 5 million.
