Almarai may raise $347m from sukuk sale RIYADH - Almarai may raise as much as 1.3 billion riyals ($347 million) from the sale of Islamic bonds as Saudi Arabia’s largest food producer by market value seeks financing to increase production and make acquisitions.
Global markets extend slump on Spain bailout fears Asian and European stock markets dived on Wednesday and the euro hit a new 22-month dollar low on mounting concerns over a potential Spanish bailout, dealers said.
Spanish debt costs spiral; Bankia dives Spanish debt yields jumped and shares in Bankia plunged to record lows on Monday after the government, struggling to sort out its finances, put forward a plan to revive its fourth-largest lender involving more public debt.
Turkish Airlines flights hit as staff report ill Turkish Airlines had to cancel flights on Tuesday, after being hit by staff reporting ill in a protest at a draft law which would make it illegal for aviation workers to strike.
World stocks rise amid hopes for China stimulus World stock markets moved higher after a choppy start Tuesday as hopes for new measures to boost China’s economy outweighed worries about the health of Spanish banks and their potential to worsen Europe’s debt crisis.
Record drop in retail sales add to Spain’s woes A record drop in retail sales added to Spain’s woes Tuesday as the country struggles to contain the crisis crippling its banking industry and investors remained wary of the country’s ability to manage its debt.
Nissan to make Infiniti at $315m China plant from 2014 Nissan Motor Co, Japan’s No.2 automaker, will start making Infiniti cars at a 2-billion-yuan ($315 million) plant in China from 2014 as it moves to challenge the dominance of German rivals in the world’s largest auto market.
Beauty of trashed stocks Telecom and bank shares might seem unlikely havens amid the current crisis in Europe, but both could be good places to hide while awaiting the verdict on Greece’s status in the euro zone.
A chance to purchase marked-down Prada Miuccia Prada trained as a mime before she became the doyenne of Italian fashion, so it’s hardly surprising she’s adept at quietly telegraphing her vision through her designs.
CMA approves Zain’s capital restructuring Mobile Telecommunications Company Saudi Arabia, or Zain KSA, on Sunday announced the approval of its proposed capital restructuring.
