Saturday 30 May 2015
 
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Samena Capital buys 40pc in Kleinwort Benson's unit

Dubai-based Samena Capital will purchase an up-to-40 per cent equity stake in Kleinwort Benson's UK-based private bank unit, the private equity firm said on Tuesday, as it aims to augment its product offering to include merchant banking.

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New UK visa system for Bahrain applicants on way

Changes to the UK visa system for Bahrain-based applicants looking for a long-stay visa will come into effect from the end of this month. Starting May 31, all non-European Economic Area nationals travelling to the UK for more than

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UK may extend plan to sell more Lloyds shares

Britain is considering selling more shares in Lloyds Banking Group by extending a trading facility beyond the current deadline at the end of June, people with knowledge of the matter said. Morgan Stanley has sold a five per cent s

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Jafza to highlight regional opportunities at UK expo

Jebel Ali Free Zone (Jafza), the flagship free zone entity of Dubai and the trade and logistics hub for the wider Middle East region that spans from West Asia, the CIS, Africa and the Indian Subcontinent, is set to highlight opportunities in the

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Cameron won big by selling stability over fear

Prime Minister David Cameron sealed a surprise election win by persuading Britons to choose the security of modestly rising living standards over an implausible pretender many feared could become the puppet of Scottish nationalists.

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Emirates Group mourns founding member Flanagan

The Emirates Group mourned the death of its founding member and fomer executive vice chairman Sir Maurice Flanagan, who helped build the Dubai carrier from a desert start-up to the world’s biggest international carrier. Flan

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UK Conservatives return to power, Labour concedes defeat

Prime Minister David Cameron's Conservatives are set to govern Britain for another five years after an unexpectedly strong showing, but may have to grapple with renewed calls for Scottish independence after nationalists surged.

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UK votes in closest election in decades

British voters get to decide on Thursday who they want to rule the world's fifth-largest economy in a tight election that could yield weak government, propel the UK towards a vote on EU membership and stoke Scottish desire for secession.

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UK supermarket Sainsbury sees 17pc drop in profit

British supermarket Sainsbury's is expected to post its first annual profit fall since 2005, hurt by an industry price war that shows no sign of abating. Sainsbury's, along with rivals Tesco, Asda and Morrisons, is grappli

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Qatari group takes major stake in three London hotels

Qatar-based Constellation Hotels has bought a majority stake in three of London’s most prestigious hotels following a ground-breaking deal. Owned by Qatar Holding - the region’s sovereign wealth fund - the hospitality group

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