Friday 24 October 2014
 
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Alafco to spend $600m buying aircraft over two years

Kuwait's Aviation Lease & Finance Co (Alafco), a unit of Kuwait Finance House (KFH), plans to spend about $600 million buying 15 new aircraft over the next two years to cover a gap before it receives already-ordered planes in 2017, the c

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Iran buyers buy corn as grain import gathers pace

Private importers in Iran bought 95,000 to 120,000 tonnes of corn in the past few weeks, adding to other recent large grain purchases as the country builds up strategic stocks, trade sources said on Friday. The sources said the co

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Gulf Air-Citi Bahrain in new promotion

Gulf Air and Citi Bahrain have launched a promotional campaign that will allow Citi credit cardholders to purchase Gulf Air tickets/services with zero interest instalment plans. Under the agreement, Gulf Air will offer all Citi cr

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Mideast banks buy majority of Goldman Sach’s sukuk

Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage

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Twitter testing 'buy' button on tweets

Twitter is testing a "buy" button in some tweets that allows a mobile user to buy directly from a tweet. A small percentage of US users will be able to see the "buy" button from Monday, Twitter wrote in a blog

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Gasco to buy 100 Merc-Benz trucks from Jipco

Saudi Arabia’s National Gas and Industrial Company (Gasco) has signed a deal with Juffali Industrial Products Company (Jipco), the exclusive agent for Mercedes-Benz Trucks in the kingdom, to acquire 100 trucks for a total value of SR39.5

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DIB buys 24.9pc stake in Indonesian lender

Dubai Islamic Bank has completed the acquisition of a 24.9 per cent stake in Bank Panin Syariah and will now seek regulatory approval to increase its holding in the Indonesian lender to 40 per cent, it said on Monday.  

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EU stakes buy for competition, not control: Etihad

Abu Dhabi's Etihad Airways on Sunday said its strategy of buying stakes in European airlines was bringing fresh competition to the region, despite close scrutiny by regulators over whether its investments comply with European ownership rules

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ADCB to buy back 3pc of its shares

Abu Dhabi Commercial Bank (ADCB) plans to buy back a further three per cent of its shares this year, as it seeks to enhance its stock value, its chief executive said.   The emirate's third-largest lender by m

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Kuwaitis top GCC property buyers in Oman

Kuwaiti nationals ranked first, with the acquisition of 1,850 properties in Oman, in a huge rush among GCC nationals to buy real estate in the Sultanate, said a report. The Emiratis were second with 1,211 properties, followed by Q

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