Wednesday 24 September 2014
 
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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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Star, AAA Homes in deal to sell property in Bahrain

Star International Real Estate has signed a new agreement with AAA Homes to sell and rent its properties across Bahrain. Over the years AAA Homes has worked on a variety of projects including luxury villas, high-rise apartments, m

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Majority Watania shareholders to sell stakes

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying

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Jadwa’s fund sells Gulf Union Foods stake

Jadwa Investment, a Saudi Arabian private equity house and investment bank, said its Food and Beverage Opportunity Fund has sold its 30 per cent stake in Gulf Union Foods Company (GUFC), a leading beverage produc

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300 Damac units sold out in one night

Damac Properties’ ‘Akoya by Damac’ project, which was recently launched, sold out during a suhoor which took place in six venues across the UAE last night (July 21).  

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Dimension Data targets 1m Lync Voice seats

Dimension Data, a $6 billion global ICT services and solutions provider, has launched an initiative to sell one million new seats of Microsoft Lync Enterprise Voice, delivered either on premises or in a private cloud by 2017. &nbs

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Alcohol ban 'forcing hotel owners into distress sales'

Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.   A Bahraini investor who owns a chain of three and four-star hote

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Alcohol ban 'forcing hotel owners into distress sales'

Several Bahraini and foreign hotel owners are offering to sell their three and four-star hotels at 25 per cent less than their price a month ago.   A Bahraini investor who owns a chain of three and four-star hote

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Emaar Malls to sell 10-year sukuk this week

The malls unit of Dubai's Emaar Properties is likely to issue 10-year sukuk this week, three sources with knowledge of the deal said, as the current environment makes it relatively easy to lock in longer-tenure funds at lower rates.

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United Real Estate sells Qatar asset

Kuwait-based United Real Estate Company (URC) has sold its 10,105 sq m plot in Qatar.    The total cash transaction value was KD6.1 million ($21.8 million), achieving a net profit of KD2.9 million, said a st

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