Bloomberg Africa-Updates on Middle East News Stories
Abu Dhabi Plans to Develop Farmland in Sudan for Food, FT Says
Abu Dhabi, one of the seven members of the United Arab Emirates, plans to develop 70,000 acres of land in Sudan to secure food supplies, the Financial Times reported, citing the Abu Dhabi Fund for Development.
LSE’s Furse Travels to Qatar Amid Investors’ Concerns, FT Says
Clara Furse, chief executive officer of London Stock Exchange Group Plc, visited Qatar, home to the owner of the exchange’s second-largest shareholding, as investors are expressing concern over the exchange’s falling share price, the Financial Times reported.
Bahrain Forms $2 Billion Construction Company, Al-Awsat Says
Seven Bahraini investment firms formed a company with a capital of $2 billion to manufacture construction materials, Asharq al-Awsat reported, citing an official.
Saudi Arabia Seeks Islamic Finance Regulator, Eqtisadiah Says
Several members of Saudi Arabia’s advisory council, the Shoura, have called for the creation of an authority to regulate the country’s Islamic finance industry, Al-Eqtisadiah reported, without citing anyone.
Voltamp IPO Gets Bids for 15 Times Shares Offered, Times Says
Voltamp Energy SAOG’s initial share sale attracted bids worth at least 15 times the stock offered to investors, the Times of Oman reported, citing sale manager Oman Arab Bank.
Bahrain to Create Center for Islamic Banking, Al-Ayam Says
Bahrain, which has the largest Islamic banking market in the Middle East, plans to create a specialized center for Islamic banking studies, Al-Ayam said, citing the country’s finance minister.
Last Updated: June 4, 2008 02:34 EDT