Wednesday 20 September 2017
 
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UAE's Propertyfinder buys key stake in Turkish portal

Dubai-based Propertyfinder Group, a leading real estate portal in the Middle East and North Africa (Mena) region, has bought around 17 per cent stake in Turkish property portal Zingat. One of the fastest growing property and infor

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Dow to increase stake in Sadara to 50pc

The Dow Chemical Company and the Saudi Aramco have announced a non-binding memorandum of understanding (MoU) that sets forth a process for Dow to acquire an additional 15 per cent ownership interest from Saudi Aramco in Sadara Chemical Company,

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Dow to increase stake in Sadara to 50pc

The Dow Chemical Company and the Saudi Aramco have announced a non-binding memorandum of understanding (MoU) that sets forth a process for Dow to acquire an additional 15 per cent ownership interest from Saudi Aramco in Sadara Chemical Company,

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Zain and Omantel complete treasury share sale

Omantel and Zain have closed the treasury shares transaction by which Omantel bought a key stake in the latter for $846.1 million. This announcement came after an auction process managed by the Boursa Kuwait in which Omantel won the bid

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Toyota, Mazda enter business and capital alliance

Japanese automotive giants Toyota Motor Corporation and Mazda Motor Corporation have signed an agreement to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. The agreement is a

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Qatar Airways 'eyeing American Airlines stake'

Qatar Airways is to press on with plans to build a stake of up to 4.75 per cent in American Airlines in the near future, despite the "categorical" opposition of the US company's management, said a report. The move by

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Third Point takes $3.4 billion stake in Nestle

Activist investor Daniel Loeb's Third Point has taken a stake of 3.28 billion Swiss francs ($3.4 billion) in Switzerland's Nestle and urged the world's largest packaged-foods company to find ways to accelerate growth, media reports s

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EuroMena buys key stake in Moroccan retail group

EuroMena, a major private equity fund based in Beirut, Lebanon, said it has acquired a minority stake in Retail Holding, one of the major retailers in Morocco. It is EuroMena's 19th deal and comes in line with its growth strat

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AbuDhabi's Goldilocks Fund buys 5pc stake in Dana Gas

In a strategic move, UAE-based Goldilocks Investment Company said it has acquired a five per cent stake in the Abu Dhabi listed-natural energy company, Dana Gas. Goldilocks fund is an Abu Dhabi Global Markets domiciled open-ended

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Tata Sons to buy strategic steel unit stake from Tata Motors

Tata Sons, the holding company of India's leading conglomerate, said it would buy 83.6 million shares (2.85 per cent stake) in Tata Motors from Tata Steel on or after June 23, said a report. These shares of the automaker are c

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