COMPANIES
Resources
Principal content
Egypt caught in a cotton bind
Top-level prices for the crop are delighting the country’s farmers but depressing its textile industry, which has gained increasing importance to the economy
Company profits continue revival
Encouraging third-quarter earnings across the Gulf region, particularly from the petrochemicals sector, have given shares a boost since the start of September
Zain shareholders approve Etisalat bid
Shareholders in Zain, Kuwait’s largest telecoms company, have agreed to sell a controlling stake in the company to Etisalat, the United Arab Emirate’s operator
Talk of bail-out as Aldar chief resigns
John Bullough, chief executive of Abu Dhabi’s largest real estate developer, is to step down to take a ‘long-planned retirement’, sparking speculation of a government bail-out of the company
Emirates profits quadruple to $925m
The Dubai government-owned airline reported a $925m net profit for the first half of its financial year, a fourfold rise on the equivalent period last year, as passenger load hit a record 81.2%
Ghurair says Dubai revival requires change
In spite of Dubai’s recent progress, one prominent Emirati argues that more needs to be done by the UAE authorities to boost confidence and raise transparency
Oaktree buys stakes in two shipping groups
The private equity firm has paid $100m for a majority stake in Dubai-based Gulmar, and invested €200m in Beluga, which both need cash to pay for new vessels
Bomb fears shift to passenger flights
Global air safety concerns shifted abruptly from cargo to passenger flights on Sunday night after Qatar Airways confirmed that one of the bombs posted from Yemen last week was carried on its aircraft before being seized in Dubai
Hedgies lose in Middle East
Middle East investors are moving away from hedge funds and funds of hedge funds after getting their fingers burned, preferring to put their money into emerging markets.
Hikma buys Baxter’s injectables division
Jordan-based, London-listed group doubles the size of its US business with the acquisition of the unit for $112m
Related content and features
Track this Topic
News alerts
Email - create a keyword alert on the subject of this topic
Email summaries
Email - start your day with daily email briefing on this topic
RSS feeds
RSS - Track this news topic using our feeds
