Friday 31 October 2014
 
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Kuwait Investment shares jump on privatisation plan

Shares in Kuwait Investment Company surged on Thursday after the Kuwait Investment Authority (KIA) said it would offer its stake in the firm to the public in the first half of 2015, as it resumes a programme of selling off stakes in local listed

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Saudi Arabia shares tumble, Dubai extends drop

Saudi Arabia's main stock index tumbled in early trade on Sunday as worries about economic growth sparked sharp declines on global and regional markets, while Dubai plunged 6.7 per cent and Abu Dhabi slid 2.1 per cent. Saudi&#

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Zain Bahrain allots shares to all IPO subscribers

Leading telecommunications operator Zain Bahrain has announced the results of subscription for its initial public offering (IPO) of shares. In a notification published in the local media yesterday, the company said 16.7 million sh

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Emaar Malls Group jumps 20pc on listing

Shares in Dubai's Emaar Malls Group (EMG) jumped in early trade on Thursday as the stock started trading on Dubai's main stock exchange and drained liquidity from the rest of the emirate's market. EMG shares, which wer

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Alba may look into additional listing in Saudi Arabia

Aluminium Bahrain (Alba) may look into an additional listing of its shares in Saudi Arabia, in what would be the latest blow to Bahrain's stock market which has suffered from low trading volumes since the financial crisis. Suc

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First tranche of Emaar malls IPO already covered

Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched. Dubai's lar

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Dubai retailer Marka to list shares on Sept 25

Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on September 25 in the market's first flotation for five years, the company said on Saturday. New share issues dried up in Du

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Kuwait's GIH seeks to relist in Kuwait

Kuwait's Global Investment House (GIH) said it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt. In an interview with Reuters, Global's chief executive Maha

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Malaysia Airlines faces complete overhaul

Malaysia Airlines will be taken over by the country's state investment fund and de-listed, as part of plans announced yesterday (August 8) for a 'complete overhaul' to rescue the company from oblivion after two crippling air disaster

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Mubadala to get 10pc of Brazil iron ore miner

Brazilian tycoon Eike Batista will transfer 17.1 million shares, or 10.5 percent, of his iron ore mining company MMX Mineração e Metalicos SA to Abu Dhabi government investment fund Mubadala Development Corp, MMX said in a statemen

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