Google+ Followers

Wednesday, 25 May 2016

Etihad raises $500m with minority-owned airlines | GulfNews.com

Etihad raises $500m with minority-owned airlines | GulfNews.com:

"Etihad Airways said on Wednesday it has raised $500 million in funds for the airline and four of its minority-owned carriers.

The announcement follows the airline’s successful efforts last year to raise $700 million using its Etihad Airways Partners platform, a group of airlines minority owned by Etihad.

Etihad along with its airport services unit and minority owned Air Berlin, Air Serbia, Air Seychelles and Alitalia raised the $500 million, according to an Etihad statement."



'via Blog this'

MIDEAST STOCKS-Gulf bourses rise in early trade, Saudi petchems lead | Reuters

MIDEAST STOCKS-Gulf bourses rise in early trade, Saudi petchems lead | Reuters:

"Gains for global equity and oil markets supported Gulf bourses in early trade on Wednesday, with Riyadh's index gaining one percent in the first hour as investors bought back shares which were sold off at the start of the week.

Saudi petrochemical shares were particularly strong, lifted by firm oil prices. Saudi Basic Industries was up 1.6 percent.

Saudi Cement rose 1.6 percent after the company said it had sold its 40-percent stake in a Kuwaiti cement company, Grup International Cement, for $6.59 million, and that would be reflected in its books in the second quarter."



'via Blog this'