Sunday 19 April 2015
 
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Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group,

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Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group,

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Sudan buys Sawiris stake in Ariab Mining for $100m

Sudan has taken full ownership of Ariab Mining Company after purchasing a 44 per cent stake from Egyptian billionaire Naguib Sawiris in a $100 million deal, said the country's minister of mining. Ahmed Sadiq al-Karouri told Re

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Solidarity unit buys stake in Jordanian insurance firm

First Insurance, Jordan, a subsidiary of Solidarity Group Holding Bahrain, has acquired a controlling stake in Yarmouk Insurance Company in Jordan. Originally founded more than 30 years ago, Yarmouk Insurance is one of the deep-ro

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ICD acquires stakes in three international hotels

The Investment Corporation of Dubai (ICD), a government-owned wealth fund, has made three new acquisitions in the global hospitality sector. These comprise two in the US being the W Hotel in Washington DC, and a majority stake in the Ma

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BBK plays key role in Takaful International stake sale

Bank of Bahrain and Kuwait (BBK) has announced it executed a large trade on the Bahrain Bourse on behalf of a client through its division - BBK Brokerage Services. Bahrain Kuwait Insurance Company (BKIC) has taken a 10.7 per cent

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Qatari investors to buy 49pc Shandong Dongming Petchem stake for $5bn

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal to acquire 49 per cent of China's Shandong Dongming Petrochemical Group worth $5 billion, executives from the firms

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Borse Dubai sells stake in LSE

Borse Dubai has today sold its shareholding in London Stock Exchange Group (LSE), representing approximately 17.4 per cent of the share capital in the company. The sale was made through a block sale managed by BofA Merrill Lynch,

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Etihad may sell Aer Lingus stake if IAG deal gets nod

Chief executive of Etihad Airways has indicated that the Abu Dhabi-based airline would be willing to sell its stake in Aer Lingus Group, if the Irish government backs the offer made by International Airlines Group for the Dublin-based carrier, t

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Abu Dhabi IPIC 'not eyeing OMV stake'

Abu Dhabi's International Petroleum Investment Company (IPIC), which has a 64 per cent stake in plastics products maker Borealis, is not in talks to buy Austrian energy company OMV's 36 per cent stake, said a top official.

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