Samena Capital, an investment firm managing about $700 million, is in talks to buy as much as 50 percent of RAK Ceramics, the world’s biggest maker of ceramic tiles, according to two people familiar with the matter.
Ras Al Khaimah’s ruling family is in talks to sell a stake valued at as much as $391 million in Ras Al Khaimah Ceramics, the world’s biggest maker of ceramic tiles, according to four people familiar with the matter.
Ras Al Khaimah Ceramics, the world’s biggest maker of ceramic tiles, is producing bidets, sinks and bathtubs at a maximum capacity in the United Arab Emirates even as Dubai’s construction boom falters, an official said.
Pumping his fist into the Paris air, Sheikh Abdullah bin Zayed Al Nahyan, an Abu Dhabi royal, celebrated the award of the 2020 World Expo to Dubai. A Dubai counterpart returned the favor three weeks later, hailing Abu Dhabi’s role in securing the event.
Dubai’s DFM General Index gained 2.2 percent to 1,466.84, the highest since Sept. 21, at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index increased less than 0.1 percent. Saudi Arabia’s Tadawul All Share Index advanced for a tenth day, the longest winning streak since September 2009.
For two decades, U.S. universities have raced to build campuses abroad to burnish their reputation and attract foreign students. Now, controversies and stumbles at high-profile projects have led some to reconsider expansion.