INTERNATIONAL. Kraft's recent announcement to split its operations into two publicly traded companies outlines a plan to create two different trading entities with distinct priorities and strengths.
This is intended to help the company achieve the next stage of its ongoing restructuring process, since its acquisition of Cadbury in January 2010.
Kraft is now bundling and spinning off its US Beverages, Cheese, Convenient Meals and Grocery segments, the non-snack categories in Canada and its foodservice operations, which are worth an estimated US$16 billion in sales in total.
The larger of t
UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services.
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
UAE. Arqaam provides MENA's largest optical retail chain with M&A advisory services, as well as assistance in raising acquisition financing for the transaction.
INTERNATIONAL. Workers' safety in Bangladesh could be improved if western retailers use NGOs to report on conditions, says Warwick Business School's Professor Michael Mol.
JORDAN. Significant minority equity stak in one of the largest producers of frozen and chilled food products in Jordan; First investment in Jordan by Carlyle.
UAE. MECSC and ICSC's role locally is to support, promote and develop the Shopping Centre industry in the MENA Region largely through advanced education programs.
BAHRAIN. The encompasses a 4-month intensive retail training course for new Bahraini recruits of AZADEA Group, one of the region's largest lifestyle and fashion retailers in the MENA region.
UAE. The investment was made at the height of the global financial crisis and served to recapitalize and strengthen Jawad Business Group's balance sheet.
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
UAE. The joint venture between Arabtec Saudi Arabia and Greece's Terna has been awarded a contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
UAE. The joint venture between Arabtec Saudi Arabia and Greece's Terna has been awarded a contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
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