DUBAI, Aug 31 (Reuters) – Dubai’s Deyaar Development will fund 30 percent of its $817 million Midtown project through bank loans, the real estate firm’s chief executive said on Monday.
CAIRO, Aug 31 (Reuters) – Egypt’s M2 money supply was up 16.5 percent at the end of July from a year earlier, the central bank said on Monday.
ABU DHABI/DUBAI, Aug 31 (Reuters) – A Dubai-based gold and jewellery retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the money, four banking and trade sources told Reuters.
MILAN (Reuters) – It would be “unconscionable” for Fiat Chrysler Automobiles (FCA) not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview.GM’s board rebuffed a merger proposal from the Italian-American carmaker earlier this year…
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