2014.3
Gamida Cell gets buyout offer from unnamed drugmaker
Israeli developer of stem cell therapies Gamida Cell has received a buyout offer worth hundreds of millions of dollars from an unnamed global pharmaceutical company, two shareholders in the company said on Tuesday.
Apax to create $500 mln Israel mid-market fund
British private equity fund Apax Partners said on Wednesday it will create a $500 million mid-market fund to invest in Israeli companies in the technology, telecom, healthcare and consumer sectors.
Lukoil hopeful of new gas deal in Saudi Empty Quarter
Russia’s Lukoil is negotiating a deal with the world’s top oil exporter Saudi Arabia to tap unconventional gas deposits in the kingdom’s “Empty Quarter” desert region, the company’s overseas unit said.
Qatar ‘to sign projects worth up to $50 bln in 2014’
Qatar’s government is expected to sign contracts for construction projects worth as much as $50 billion this year as it builds infrastructure needed to host the soccer World Cup in 2022, the central bank governor was quoted as saying on Tuesday.
Etisalat’s Egyptian unit considers stock market listing
The Egyptian arm of Abu Dhabi-based mobile operator Etisalat is considering listing its shares, but has not decided on which bourse to do so or who will organise the initial public offering (IPO) for the firm, it said on Monday.
2 Abu Dhabi banks ‘vie for Barclays UAE retail ops’
Two Abu Dhabi lenders are vying to acquire most of Barclays’ retail banking operations in the United Arab Emirates, with a final decision expected next month following a highly competitive bidding process, banking sources said on Wednesday.
Dubai considers rule change to lure more domiciled funds
Dubai is considering regulatory reforms to persuade more funds to base themselves in its financial centre, though industry experts believe that other parts of its investment environment may also need to change for the emirate to compete globally.
Dubai may establish sharia-compliant exim bank
Dubai’s government will consider establishing the world’s first fully sharia-compliant export-import bank to promote the emirate’s foreign trade, the Department of Economic Development said on Wednesday.
CapitaLand sells Australand stake for $849 mln
Singapore’s CapitaLand Ltd said on Wednesday it has sold its remaining 39.1 percent stake in Australia’s Australand Property Group for around $849 million.
Sinopec in talks to buy 15 pct in Petronas’ Canada LNG project
China’s biggest refiner Sinopec is in talks with Malaysia’s Petronas to buy a 15 percent stake in a $20 billion Canadian liquefied natural gas (LNG) project, three sources with knowledge of the matter said.