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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The prominent Indian jewellery maker is buying Dubai’s Damas, Mubadala is backing qlub and Saudi Arabia picks the players for a new low-cost airline.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
Ahlan from Dubai, dear readers. Three big deals have dominated the news cycle this week, I’ll start with the largest.
It’s an all-cash purchase and a telling one at that. Indian jeweller Titan Company is buying a majority stake in the popular Dubai-based luxury jewellery retailer Damas. At an enterprise value of AED 1.04 billion, or around $280 million.
The share sale and purchase agreement has been signed with Damas International and Titan would be holding 67% of the equity shares and voting rights in the company. It also has the right to acquire the remaining 33% stake from Damas’s …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
