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Emaar MGF, a joint venture between Emaar Properties and India's MGF Developments, could be looking to raise at least Dh3 billion (Rs40 billion) through an initial public offering, or IPO, the Economic Times reported on Friday. The planned move to go public, is the second attempt in as many years by the company which has ongoing projects ranging from infrastructure to residential and commercial developments. The company withdrew its Dh5 billion IPO in February 2008, after it received lacklustre response from investors amid market turmoil. A spokesperson for Emaar MGF declined to comment on the report. "Emaar MGF continues to evaluate various funding options to meet its growth plans," he told Khaleej Times. "However, we are not in a position to comment on the specifics of any of our fund raising plans," he said. Emaar could not... [read full story]
A total of 104 coal miners have been confirmed dead in China's worst mining disaster for almost two years. Global: Pirate-infested seas 'not fit for seafarers' Global transport union federation ITF has called for urgent action...
Published on Sat, Nov 28, 2009 at 11:00 | Updated at Sat, Nov 28, 2009 at 11:53 | Source : Overdrive Magazine Honda city one of the most popular cars in the Indian market has crossed record sales by selling 50,000 units in just...
Social Media is the new face of the World Wide Web. Just like the Internet revolutionized information sharing ten decades ago, social media is all set to change the way people share information in the present time. If you have...
Cotton occupies an important place in the international textile trade. Textiles related Associations in India and Cotton Producers’ Associations in the US and elsewhere are pleading for support from their respective...
