Thursday 24 April 2014
 
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Bahrain F1 tickets selling at 'a record pace'

Tickets for next month's Formula One race are selling at a "near-record pace", according to organisers.   The Gulf Air Bahrain Grand Prix is being held from April 4 to 6 at the Bahrain International

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Carlyle sells stake in Saudi lighting firm to Philips

Global alternative asset manager The Carlyle Group has entered into a deal to sell its 30 per cent stake in Saudi Arabia-based General Lighting Company (GLC) to Royal Philips.   Shareholders Alliance Holding and

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Egypt sells 1-year dollar bills, yields fall

The Egyptian government sold $1.1 billion of one-year dollar treasury bills at an auction on Monday, with the average yield dropping to 2.474 per cent, the central bank said. Submitted bids amounted to $1.37 billion. The Ministry

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Oman to sell 19pc of Omantel in 2 phases

Oman will sell 19 per cent of its former telecommunications monopoly Omantel in two phases, with the first reserved for wealthy local investors and due to finish in March and the second open to all Omanis, Omani media reported. Th

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EMart auction sells $7.5m worth properties

EMart, an online portal run by the Dubai Land Department, sold seven commercial and residential properties worth Dh27.6 million ($7.5 million) at its second auction recently. Auctioneers gathered in the hall reserved for them by t

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Bahrain pharmas to sell drugs at old prices

Pharmacy owners in Bahrain have decided to continue to sell medicines at old prices until they reach an agreement with the National Health Regulatory Authority, said a report. At a press Conference attended by about 50 pharmacy ow

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Taqa sells Dutch pipeline stake for $240m

Abu Dhabi National Energy Co (Taqa) has agreed to sell its 40 per cent stake in a Dutch natural gas pipeline to a Danish pension fund for $240 million, the state-owned Gulf firm said in a statement on Sunday. The sale of the stake

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Thomas Cook sells units to Bahrain firm

Thomas Cook Group has sold its Egypt and Lebanon businesses to Bahraini firm Yusuf Bin Ahmed Kanoo for $10.3 million. According to a statement on the Thomas Cook Investor Site, the transaction will be effected through the sale of

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Indian cement firm to sell facility for $594m

India's Jaiprakash Associates has agreed to sell its cement plant in Gujarat state to UltraTech Cement for around 38 billion rupees ($594 million) including debt. UltraTech, the country's largest cement maker by production

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Dubai Group unit sells stake in Bank Islam

Dubai Financial Group, a subsidiary of diversified financial services company Dubai Group, has sold its 30.5 per cent stake in Bank Islam to BIMB Holdings, a Malaysia-based investment holding company. The agreement was signed betw

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