Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.
Tags: Dubai
Dubai's Arabtec says plan for $40 billion Egypt housing scheme nearly completed
Dubai construction company Arabtec ARTC.DU is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.
Luxembourg opens art freeport to lure super-rich
Private banking hub Luxembourg sought to lure more wealthy investors on Wednesday by opening a high-security center designed to look like a jewel box, where collectors can store and trade valuables without paying customs or sales tax.
Top Five Most Visited Cities in the world, London regains the lead
Check out this year's most visited cities in the world according to BBC Travel. Note the surprising addition to the top five that managed to bump up New York City in the list.
China advances gold exchange launch, Singapore delays contract
China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.
Latest News
Dubai, United Arab Emirates (UAE)-based cables manufacturer Ducab purchased Durham, UK-based cable maker AEI Cables for an undisclosed amount to expand its product offering and international market reach.
Dubai, United Arab Emirates (UAE)-based oil and gas firm Dragon Oil Plc inked a deal to acquire the 40% stake of Australia-based firm Nido Petroleum Ltd in Service Contract (SC) 63, a petroleum block in Palawan, Philippines.
Bahrain-based investment firm Gulf Finance House (GFH) agreed to sell part of its stake in West Yorkshire-based soccer club Leeds United for an undisclosed amount.
Dubai-based construction company Arabtec Holding had no plans to up its stake in interior contracting firm Depa, according to a statement made by Arabtec to Dubai's bourse.
Dubai state fund Investment Corp of Dubai (ICD) announced on Thursday that it has purchased the Atlantis hotel from a Dubai World unit for an undisclosed amount.
Dubai property firm DAMAC raised USD348 million in its first trading day in the London Stock Exchange. A week ago, DAMAC reduced the deal size to USD400 million and fixed the final price at USD12.25 per global depositary receipt (GDR).
US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.
Dubai developer DAMAC Properties announced its plans to sell USD500 million worth of shares on the London Stock Exchange.
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
