Monday 26 August 2019
 
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Adnoc awards OMV 5pc stake in Ghasha gas concession

The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) have awarded Austria’s OMV a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields

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Adnoc awards OMV 5pc stake in Ghasha gas concession

The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) have awarded Austria’s OMV a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields

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Aramex in deal to sell 60pc stake in Australian JV

Aramex, a leading global provider of comprehensive logistics and transportation solutions, has announces that it has won approval from the board of directors to sell its entire stake in Aramex Global Solutions (AGS), its joint venture with Austr

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Gulf Capital sells 74pc stake of PET subsidiary

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its PET subsidiary, Medco Plast for Packing and Wr

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Balmoral Tanks enters services sector with WET buy

Scotland-based Balmoral Tanks, a leading tank manufacturing company, said it has acquired a majority stake in Tamworth-based Water Environmental Treatment (Wet) to fast-track its move into the legionella compliance and water industry services ma

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Etisalat sells 28pc stake in Thuraya for $37m

UAE-based telecom firm Etisalat completed the sale of its stake in Thuraya Telecommunications company for Dh137 million ($37 million) to Star Satellite Communications, a media report said. The stake has been sold to Star, a subsid

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Dnata raises stake in Italian ground-handler to 70pc

Dubai-based dnata, a leading global air services provider, has exercised its option to acquire an additional 40 per cent share in Airport Handling SPA, effectively increasing dnata’s total interest in the Milan-based ground handler to 70 p

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Dnata buys majority stake in Dubai baggage services company

Dnata, one of the world's largest air services providers, has announced the acquisition of a majority stake in logistics company Dubz and has subsequently launched a new baggage collection service. According to a statement rel

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Dnata buys majority stake in Dubai baggage services company

Dnata, one of the world's largest air services providers, has announced the acquisition of a majority stake in logistics company Dubz and has subsequently launched a new baggage collection service. According to a statement rel

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Minor acquires additional 25pc stake in NH Hotel Group

Minor International has reached an agreement with HNA Group to purchase an equity stake of 25.2 per cent in NH Hotel Group in a two-tranche transaction valued at €619 million ($727.7 million). The purchase follows Minor&rsquo

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