Friday 6 March 2015
 
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Qatar Airways buys 9.99pc stake in BA owner

Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance

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Tasnee signs $319m loan to buy more stake in Cristal

Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said. The five-y

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Egypt buys 60,000 tonnes of wheat from France

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 60,000 tonnes of wheat from France in a tender for shipment on December 21 to 31. Egypt, the world's biggest state importer

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Kuwait Airways to buy 10 Boeing 777-ER planes

Kuwait Airways has agreed to buy 10 widebody 777-300ER passenger aircraft from manufacturer Boeing to upgrade its fleet, the airline's chairwoman said on Thursday. The deal has a value of $3.3 billion at list price, although a

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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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