Qatar has made an offer of nearly one billion British pounds ($2 billion) for Nasdaq’s 31% stake in the London Stock Exchange (LSE), joining Singapore in a bidding war for a share in the European bourse. Nasdaq last month said it might sell its stake in LSE to bolster its chances of buying Nordic exchange operator OMX. (Getty Images)
Dubai’s largest listed contractor, Arabtec, has been on shaky foundations for the past two years, recording losses for six consecutive quarters. But Raja Hani Ghanma, CEO of its construction subsidiary, explains how the company is gradually building back up to profit.