Business Blog

UAE's Etisalat says has confidence in Saudi affiliate Mobily

Etisalat is confident Saudi Arabia's Mobily will return to growth soon after the affiliate restated 18 months of profits this week, the United Arab Emirates telecom operator said.

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MIDEAST STOCKS-Saudi slumps to 3-week low as oil drop weighs on Gulf mkts

Saudi Arabia's stock index .TASI slumped to a three-week low on Wednesday as weak oil prices sparked a sell-off in Gulf markets.

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Deals of the day- Mergers and acquisitions

(Adds PSP Investments, Allergan, Bioplan, Enel, DIA, Yildiz Holding, GTECH, Eni)Nov 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:** Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms masts group TDF in a deal worth about 3.5 billion euros ($4.40 billion), people familiar with the

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Dubai's DIFC Investments launches $700 mln sukuk; order books top $3 bln -leads

DUBAI, Nov 4 (Reuters) - DIFC Investments, the investment arm of Dubai&aposs financial free zone, has launched a $700 million 10-year sukuk at 185 basis points (bps) over midswaps on Tuesday, according to a document from lead arrangers.Pricing of the sukuk tightened several times with investor orders topping $3 billion, the document said.On Monday, the sukuk was marked initially at very low 200 bp
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Dubai's DIFC Investments sets final guidance on sukuk; orders top USD3bn -leads

DIFC Investments, the investment arm of Dubai's financial free zone, has set final guidance for a USD 700 million 10-year sukuk in the range of 185 to 190 basis points (bps) over midswaps on Tuesday.
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Deals of the day- Mergers and acquisitions

(Adds PSP Investments, Allergan, Bioplan, Enel, DIA, Yildiz Holding, GTECH, Eni) Nov 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: ** Canadian pension fund PSP Investments and its partners...

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