Aug 8 (Reuters) – Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in Syria, international investors are seeking out well-run businesses in Middle Eastern and even some North African stock markets. The Middle East and North Africa (MENA) region is a diverse investment universe which includes both energy importers and exporters, and surplus and […]
Mubadala Development Co., the Abu Dhabi sovereign wealth fund, is fighting to avoid losses on its $2 billion investment in Eike Batista’s companies as the former billionaire seeks to save his commodity empire from collapse. The fund is owed $1.5 billion after converting a preferred equity investment in Batista’s EBX Group Co. into debt, three people with knowledge of the matter said last month. That amount is […]
NEW YORK (AP) — With new public stock offerings for guitar maker Fender and travel booking website Kayak on deck next week, there are signs demand is starting to grow for IPOs after a five-week freeze triggered by a steep decline in financial markets and exacerbated by Facebook’s rocky May 18 debut. Five companies are scheduled to go public next week alone, including Fender, Kayak and Palo […]
By K. Raveendran | Special to Gulf News | 3/3/2006 According to WorldClimate, a portal that provides worldwide weather data over long periods of time, Singapore receives an average annual rainfall of about 240 cm and London some 61 cm per year. Compared to this, Dubai gets an average rainfall of only 10 cm for a full year. So, one might assume that buildings in Singapore and […]
