ArabianBusiness.com - Middle East Business News
Monday, 23 November 2009 04:58 UAE time

YOUR DIRECTORY /

| Share |

Kuwait linked with bigger stake in Daimler

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 04 November 2008
DAIMLER TALK: Kuwait's investment arm is reportedly interested in upping its stake in the German car maker. (Getty Images)
DAIMLER TALK: Kuwait's investment arm is reportedly interested in upping its stake in the German car maker. (Getty Images)

Shares in German auto maker Daimler jumped 4 percent on Tuesday on market talk that Kuwait was looking to raise its stake in the company, traders said.

No immediate comment was available from Daimler, in which Kuwait holds a 7.6 percent stake.

At 3.24pm Dubai time, Daimler shares were up 4.5 percent at 28.02 euros, outpacing a 2 percent rise in Germany's DAX. (Reuters)

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST FINANCIAL MARKETS

  1. UAE indexes extend losses; property weighs
  2. UAE's First Gulf Bank sets guidance for $500m bond
  3. SABIC weighs as Saudi index ends lower
  4. Kuwait bourse stops Agility share trading
  5. Saudi stocks gain, industrials strong

TOP MIDDLE EAST BUSINESS STORIES

  1. Emirates NBD has $350m Saudi exposure - chief
  2. Kuwait to allocate Iran port to boost trade
  3. Sunseeker ME announces regional expansion plans
  4. US leisure giant to open first Mideast hotel
  5. Qatar-Bahrain causeway work to being Q1 2010

ALSO IN MIDDLE EAST FINANCIAL MARKETS

  1. Emaar stocks main drag on Dubai index
  2. Saudi index down, banks and petchems weigh
  3. Islamic finance steps up
  4. Gulf Arab investors discouraged by Morocco's red tape
  5. GE unit nears Islamic bond sale

LATEST MIDDLE EAST BUSINESS NEWS

  1. Sport: Lee Westwood wins Race to Dubai
  2. Construction & Industry: Qatar signs $22.79bn rail deal with Deutsche Bahn
  3. Media & Marketing: Dubai developers see negative press reports decline
  4. Transportation: Kuwait to allocate Iran port to boost trade
  5. Retail: Sunseeker ME announces regional expansion plans

SHARE PRICE CHECK

RELATED STORIES

Daimler, Germany
| 7 stories
  1. Stakes raised in German auto industry talks
    13 Jul '09 | News
  2. UAE's MAG says intends to buy Continental plant
    10 Jun '09 | News
  3. UAE ruler replaces top posts in cabinet reshuffle
    11 May '09 | News

 EMAIL ALERTS

  1. Daimler, Germany

  2. Financial Markets


Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. Dubai population grows 1.9% in Q2 04
    22 Nov ' 09 at 21:41
    the figures on 'population' do not come from rental stats and who is living where, it comes from the number of visas issued that are...   More  »
  2. The Roubini Vs Rogers debate 04
    22 Nov ' 09 at 14:44
    Simon, I agree with everything you say. The paper gold games of Comex and the gold fractional reserve banking system of the LBMA are...   More  »
  3. RTA to lease last batch of retail outlets on Red Line 04
    22 Nov ' 09 at 15:33
    Dont really know how well these outlets do. No feedback.   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY