Corporate News

Etisalat eyes six acquisitions, licenses

DUBAI: Emirates Telecommunications Corp.,  or Etisalat, is eyeing licenses for airwaves or acquisition deals in six markets across the Middle East and North Africa, its chairman said, in a drive to boost customers.

Dubai's Drake to spend $136m on 2010 buys

DUBAI: Dubai's Drake & Scull International has $136 million to spend on acquisitions in 2010, which includes three firms, as it continues to expand and weather a downturn at home, an executive said on Thursday.

Citi unit sale hits snag in final stages

NEW YORK/LONDON: The planned sale of Citigroup's real estate asset management arm has hit a snag after some of the unit's clients refused to give their blessing to a disposal, sources said.

Kuwait's Zain confirms bid for Africa operations

DUBAI: Kuwaiti telecommunications operator Zain said Sunday it is considering an offer for most of its Africa businesses, a day after local media reported a bid was on the table from India's Bharti Airtel worth up to $10.7 billion.

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Corporate News

Business briefs for Thursday, February 18, 2010

KHC's New York property wins two excellence awards

RIYADH: Fairmont Raffles Hotels International, in which Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal holds a 58.1 percent controlling interest, announced that the Plaza, one of New York's distinctive landmarks, won two 2009 Hotel Excellence Awards (HEA): Best Hotel Overall Experience and Best Concierge Service.

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