Tuesday 28 July 2015
 
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Google gains billions over YouTube growth

Google's stock closed up 16.3 per cent at $699.62 on Friday, adding about $65 billion to its market value, as strong growth in YouTube viewership eased investor concerns about Facebook Inc's push into video. Google's c

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China brokerages to buy $19.3bn in shares to stabilise market

China's top 21 securities brokerages said that they would collectively invest at least 120 billion yuan ($19.3 billion) to help stabilise the country's stock markets after a slump of nearly 30 per cent since mid-June. A fl

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Foreign investors buy more shares in Saudi

Foreign investors bought 2.33 per cent of all shares purchased on Saudi Arabia's stock market in June, the first month since new rules allowed more overseas investment in the Arab world's largest bourse, data showed on Thursday.

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Kingdom shares down after Alwaleed charity pledge

Shares in Kingdom Holding fall one per cent in thin trade after its chairman, billionaire Prince Alwaleed bin Talal, said he'll donate $32 billion to charity in coming years. He added that this will include assets inside and o

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Saudi Airlines unit eyes $752m from IPO

Saudi Ground Services Company, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 per cent initial share sale at 50 riyals ($13.3) per share, a statement from the company's financial adviser said on Thursday.

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Saudi Airlines unit eyes $752m from IPO

Saudi Ground Services Company, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 per cent initial share sale at 50 riyals ($13.3) per share, a statement from the company's financial adviser said on Thursday.

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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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