Egypt
Egypt's United Bank to list on Cairo stock exchange on Oct. 24
State-owned United Bank will list on the Egyptian stock exchange on Thursday, the bourse said on Wednesday, a further step towards a rare privatisation of an Egyptian lender.
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
1 min
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday.
Qatar Airways has shared a tumultuous relationship with Australia in the recent past © Mena Today
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against dominant airline Qantas.
U.S. private equity firm Bain Capital had aimed for a A$1 billion ($665.5 million) listing of Virgin on the Australian Securities Exchange but the plan was delayed, Reuters reported last year.
Government-owned Qatar Airways could announce its plans regarding the stake buy as early as next week, the AFR reported.
Bain Capital and Qatar Airways declined to comment.
Qatar Airways has shared a tumultuous relationship with Australia in the recent past after its attempt to increase its air presence in Australia was blocked by the Labor government.
($1 = 1.5026 Australian dollars)
Reporting by Rishav Chatterjee
Related
Qatar
Qatar's emir heads to Berlin for talks aimed at boosting economic ties
German Chancellor Olaf Scholz will host Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, at a baroque palace just north of Berlin on Tuesday for talks aimed at deepening economic and diplomatic ties.
United Arab Emirates
Lulu Retail kicks off one of UAE's biggest IPOs this year
Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, kicked off an initial public offering on Monday that bankers say could be the UAE's largest this year.
Subscribe to our newsletter
