investment
J Sainsbury plc confirms it has received a preliminary approach from Delta Two Limited, which may or may not lead to an offer being made for Sainsburys.
The strong performance is arising as a result of diversification of the income stream covering commercial banking, investments and treasury operations.
Sultan Ahmed Bin Sulayem, Chairman, Dubai World and DP World, met last week Dr. Saeed Mohammed Al Shamsi the UAE Ambassador to Australia & New Zealand, and said the Group was exploring new avenues for investment in the region.
Following the announcement of Masraf Al Rayan’s impressive half year results for 2007 of QAR667 million in net profits, today’s press conference held at the bank’s main branch on Grand Hamad Street, was the scene for more exciting news.
The deal will help expand and upgrade its fast growing mobile networks in the Democratic Republic of Congo, Madagascar, Malawi, Sierra Leone and Uganda.
As the Gulf’s investment banking sector recovered from the burst of the US equity bubble in 2001, many new players entered the market with a focus on regional wealth repatriation.
Income from Islamic financing and investing assets increases 98 per cent to AED 100.3 million.
The company’s results for the first quarter (ended 30 June 2007) reflected strong revenues from trading investments as well as investment banking and brokerage.
Al Barari has finalised a deal that will have Abu Dhabi Commercial Bank (ADCB), Burooj Properties, Abu Dhabi Islamic Bank’s properties subsidiary and Oman Emirates Investment Holding Co SAOG (O&E) each taking a minority stake in its flagship project which also carries its name.
Arjan will feature Dubai’s purpose-built open air amphitheatre, which will be a unique attraction and a prime location for holding events.
RAK Properties, the premier real estate developer in Ras Al Khaimah, has recorded an increase of 190 per cent in sales in the first half of 2007 over the first six months of 2006.