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Prince Alwaleed keen to boost economic ties with China (Arab News - 30/03/2016)

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, Li Chengwen, ambassador extraordinary and penipotentiary of People’s Republic of China to Saudi Arabia. Hassna Alturki, executive manager for

Mannai Corp nears 51% stake buy in French IT group GFI Informatique (Gulf Times - 24/03/2016)

Mannai Corporation is planning to acquire a 51% stake in French IT services group GFI Informatique possibly for €290mn as part of its efforts to expand globally diversify earnings. “In pursuit of new opportunities for growth and further diversification,

Abraaj Group leads $150m funding in India’s BigBasket (Gulfnews - 23/03/2016)

The Abraaj Group, a Dubai based investor operating in global growth markets announced that it led $150 million (Dh550.5 million) round of fundraising for BigBasket, said to be India’s largest online grocer. According to the company, the capital raise saw

UDC okays 15% dividend at AGM (The Peninsula - 09/03/2016)

United Development Company (UDC) held its Annual General Meeting (AGM) yesterday and approved the Board’s recommendation to distribute about QR531.13m as dividends to shareholders. The approved dividend is equivalent to 15 percent of the par value for

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