Tuesday 16 September 2014
 
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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Probe into Etihad's stake in Air Berlin still on

There have not yet been any decisions regarding a probe into Etihad's stake in airline Air Berlin and whether it complies with European Commission rules, a spokesman for the German transport ministry said on Friday. "The

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DP World unit takes majority stake in Spain's Repasa

P&O Maritime, a subsidiary of Dubai's DP World, one of the world's largest port operators, has bought a majority stake in Spain's Remolcadores de Puerto y Altura (Repasa), the acquirer said in a statement. The deal

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Ithmar Capital sells Al Noor Hospitals stake

Dubai private equity firm Ithmar Capital has sold a 7.3 per cent stake in Al Noor Hospitals for £10.30 per share, two sources familiar with the matter said on Thursday, in a deal worth £87.55 million ($142 million). It

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ICD buys $300m stake in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has reached an agreement to purchase a minority stake in Nigeria’s largest cement manufacturer Dangote Cement. Dangote Cement, which is listed

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ICD buys $300m stake in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has reached an agreement to purchase a minority stake in Nigeria’s largest cement manufacturer Dangote Cement. Dangote Cement, which is listed

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Kuwait Petroleum eyes stake in Indian refinery

Kuwait Petroleum Corp (KPC) aims to pick up a significant stake in Indian Oil Corp's Paradip refinery and supply about 60 per cent of the oil needs of the plant, set to start up later this year, three sources with knowledge of the matter sai

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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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