Dubai’s ICD to buy stake in hotel manager Kerzner

Apr 3, 2014 | MENA, News

DUBAI, April 3 (Reuters) Investment Corp of Dubai (ICD), the emirate’s sovereign wealth fund, has agreed to buy about 46 percent of hotel management company Kerzner International, sources aware of the deal said. The sources, speaking on condition of anonymity...

Yandex acquires Israeli geo-location technology developer KitLocate

Mar 18, 2014 | Central & Eastern Europe, MENA, News, Russia

East-West Digital News March 18, 2014 Today Yandex, the Russian search giant, announced the acquisition of Israeli startup KitLocate, the developer of an energy-efficient geolocation technology for mobile devices. The solution provides location capabilities, including...

Apax in talks to buy Tambour from Israel’s Azrieli

Mar 4, 2014 | MENA, News

JERUSALEM, March 4 (Reuters) – Private equity firm Apax Partners is in advanced talks to acquire paint company Tambour Ltd from the Azrieli Group, Israeli media reported on Tuesday. The acquisition will be made at a value of 800 million shekels ($229 million)...

Israeli mobile data roaming startup secures $1.3 million from Russian funds IMI.vc and AltaIR

Feb 21, 2014 | Central & Eastern Europe, MENA, News, Russia

East-West Digital News Earlier this month Keepgo, a Tel Aviv-based mobile data roaming startup operating globally, announced its first venture funding round: $1.3 million at an undisclosed valuation. The capital was brought in by IMI.vc and AltaIR, two Russian funds...

Abraaj Capital buys 80 pct of Turkish dairy firm Yorsan

Dec 22, 2013 | MENA, News

ISTANBUL, Dec 20 (Reuters) – Dubai-based private equity investor Abraaj Capital acquired 80 percent stake in Turkish dairy products maker Yorsan, Turkey’s Competition Board said on Friday. Abraaj Capital will carry out the transaction via its Turkish...

Saudi’s Alkhabeer buys majority stake in UAE packaging firm

Dec 9, 2013 | MENA, News

DUBAI, Dec 9 (Reuters) – Alkhabeer Capital, a Saudi Arabia-based investment advisory firm, has bought a majority stake in Dubai-based packaging products company Express Group, Alkhabeer said on Monday. Alkhabeer, in which conglomerate Saudi Binladin Group is a...