Construction of Dubai’s Sparkle Tower completed, handovers start

Tebyan, the Dubai-based developer of Sparkle Towers, a luxury residential project in Dubai Marina in a deal with crystal giant Swarovski, has announced that construction has been completed. The company said 75 units have been handed over, with 300 of the 373 apartments sold. Mohamed Faraj, managing director, Tebyan Real Estate Development,

Tunisia’s ousted president Ben Ali dies in Saudi exile

TUNIS - Tunisia’s Zine El-Abidine Ben Ali, whose overthrow in a 2011 uprising triggered the “Arab Spring” revolutions, died in exile in Saudi Arabia on Thursday, days after a free presidential vote in his homeland.   His funeral will take place on Friday in Saudi Arabia, his family lawyer, Mounir Ben Salha,

Iran says British oil tanker could be released soon

DUBAI- The British-flagged oil tanker seized by Iran could be released after the imminent completion of legal proceedings against the tanker, Iranian state television reported on Sunday. Iran seized the British tanker near the Strait of Hormuz for alleged marine violations two weeks after British forces detained an Iranian tanker near

Top Chinese banks to compete for role in Saudi Aramco’s IPO

Some of China’s biggest state-owned banks have been invited to pitch for the Saudi Aramco initial public offering, people with knowledge of the matter said, signalling the oil giant’s potential desire to attract Asian investors to the $100 billion listing. Investment banking units of Industrial & Commercial Bank of China and