Wednesday 3 September 2014
 
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Emirates rules out buying Qantas stake

Dubai-based Emirates airline is not interested in investing in the international operations of Qantas, the carrier's chief commercial officer (CCO) has said. In the biggest restructuring step since Qantas was privatised two de

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Watania wins approval for 60.53pc stake sale

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Tuesday that UAE regulators had approved the sale of 60.53 percent of the firm to MB UAE Investments and an affiliate of MB. In a bourse filing, Watania s

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Rosneft to buy 30pc stake in Norway firm

Russia's top crude oil producer Rosneft will sell drilling rigs to Norway's North Atlantic Drilling (NADL) in return for shares in the firm, going ahead with an earlier agreed deal despite sanctions over Ukraine. Rosneft a

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Etihad plan to buy Darwin stake fails to meet Swiss rules

Swiss authorities have warned that a plan by Etihad Airways to buy a third of Switzerland's Darwin Airline does not meet legal requirements to be approved, as foreign stakes in European airlines come under increasing scrutiny.

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Turkey's Bank Asya ends exclusivity deal with QIB

Turkish Islamic lender Bank Asya said an exclusive deal with Qatar Islamic Bank (QIB) to acquire a stake in the Turkish lender was annulled, opening the way for alternative suitors. Bank Asya attempted earlier this year to form a partne

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Majority Watania shareholders to sell stakes

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying

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Arabtec ex-CEO trims stake in firm

Dubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year

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Arabtec ex-CEO trims stake in firm

Dubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year

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Alitalia investors approve cash call, buy time

Alitalia shareholders have approved a share issue of up to 250 million euros ($336 million) to keep the Italian flag carrier flying as it seeks to finalise a life-saving tie-up with Etihad Airways. Abu Dhabi's state-owned Etih

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Jadwa’s fund sells Gulf Union Foods stake

Jadwa Investment, a Saudi Arabian private equity house and investment bank, said its Food and Beverage Opportunity Fund has sold its 30 per cent stake in Gulf Union Foods Company (GUFC), a leading beverage produc

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