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ADCB to buy back 3pc of its sharesAbu 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 More… |
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Kuwaitis top GCC property buyers in OmanKuwaiti 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 More… |
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Du launches ‘Try and Buy’ offerDubai-based telecom operator du has launched its ‘Try and Buy’ offer for businesses in the UAE. The offer allows for business customers to avail a 30-day trial with zero activation fees and no monthly charges, while pu More… |
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Etisalat hires Goldman to advise on Pakistan telco buyEtisalat, a UAE-based telecommunications operator, has hired Goldman Sachs Group to advise on its planned bid for Pakistan mobile operator Warid Telecom, two sources aware of the matter said. Warid, the country's smallest oper More… |
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GE to buy Italian Avio unit for $4.3bnUS conglomerate General Electric has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession. The deal comes as Europ More… |
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Dubai Drydocks inks S.Asia JV with Malaysia firmDrydocks World, the indebted Dubai shipbuilder, said on Wednesday it has inked a joint venture for its Southeast Asia operations with a company linked to Malaysian billionaire Robert Kuok. Drydocks, which is restructuring $2.2 billion in d More… |
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GSK extends $2.6bn offer to key partnerGlaxoSmithKline has extended its $2.6 billion offer to buy long-time partner Human Genome Sciences until the end of June as it battles the US biotech company's reluctant management. The price remains unchanged at $13 a share under the More… |
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NBK Capital ups First Gulf Bank to 'buy'NBK Capital upgraded First Gulf Bank to "buy" from "accumulate" and said it expects the lender to record a 6 percent growth in net profit this year. First Gulf Bank, Abu Dhabi's second-largest bank by market capitalization, cou More… |
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UPS to buy Dutch rival TNT for $6.9bnUnited Parcel Service (UPS) will pay $6.85 billion for Dutch peer TNT Express in a deal making the world's largest package delivery company the market leader in Europe. UPS will also get access to TNT's stronger networks in the fas More… |
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Kuwait mulls big investments in EuropeKuwait is considering buying assets in Europe after prices fell in response to the region's debt crisis, but it has not made specific decisions, said the country's finance minister. 'We haven't defined any sector investing More… |
