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.

Latest comments

Women suffer as men shrink at thought of seeing shrinks

from experience I know this is true. men have unwarranted ego, they should get psychiatric help

Hana Baswanri at Mar 12, 2011 01:42

1 comments

Citizens voice concern over growing expat population

send all of the them back and you will come to know where you stand. why especially asian not

ASIM at Mar 12, 2011 01:42

149 comments

Citizens voice concern over growing expat population

I spoke to Obama on this article and Obama has assured me that he is gonna talk to concerned an

Wasta at Mar 12, 2011 01:42

149 comments

Court may charge CIA contractor for murder in Lahore

Dear Merlin, this matter is beyond personal jabbing. English is obviously not your forte, which

Umar Farooq, Riyadh at Mar 12, 2011 01:41

12 comments

‘Day of Rage’ a damp squib

Atleast now the government of Saudi Arabia must come out strongly and shut the mouths of all an

NISHTHAR IDROOS at Mar 12, 2011 01:40

2 comments

‘Day of Rage’ a damp squib

Good ... Alhumdulillah <br/>But I would like to say that govt should try sense the nerves of th

Junaid at Mar 12, 2011 01:39

2 comments