Friday 22 May 2015
 
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Jazeera shareholders approve $66m cash dividends

Shareholders of Kuwait-based Jazeera Airways Group today approved a board proposal for the cash distribution of KD20 million ($66 million) as special dividend for the year 2014. The proposal was approved during the company’s

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Amlak shares to resume trade after 6-year suspension

Shares in Amlak Finance, which have been suspended since November 2008, will resume trading on Dubai's main bourse on June 2, the Islamic mortgage provider said on Thursday. Trading in Amlak, part-owned by Dubai's biggest

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RakBank eyes RAK National Insurance stake

UAE-based National Bank of Ras Al Khaimah made a public offer on Tuesday to buy shares in Ras Al Khaimah National Insurance Company, according to a bourse filing. RakBank, the sixth largest lender by market value on the Abu Dhabi

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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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Oman's Phoenix Power launches $146m IPO

Oman's Phoenix Power Co, owner of the sultanate's largest power plant, has opened subscription for an initial share sale that would raise RO56.3 million ($146.3 million) from a 35 per cent stake, the Times of Oman newspaper reported on S

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LinkedIn shares plunge 20pc after forecast cut

Shares of LinkedIn Corp, operator of the most popular social network for professionals, fell 20 per cent in early trading on Friday, wiping out more than $6 billion of market value, after the company slashed its full-year forecast.

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Renault global sales surge 13.7pc in Q1

Renault’s sales jumped 13.7 per cent to 9.39 billion euros ($10.14 billion) in January-March, with a recovery in Europe's long-suffering autos market more than making up for a collapse in Russian demand and weak emerging economies.

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GE to focus on industrial business; sell bulk of finance unit

General Electric will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing. The compan

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Dubai Investments to distribute 12pc cash dividend

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has approved distribution of 12 per cent cash dividend and issue of six per cent bonus shares for the financial year ending December 31. A propo

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Mezzan offers 89m shares in private placement

Kuwait-based Mezzan Holding, a top manufacturer and distributor of food, beverage, FMCG, and pharmaceutical products in the Gulf, has started the private placement of a secondary offering of up to 88.95 million shares. Kuwait-base

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