Thursday 27 November 2014
 
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Ex-Arabtec chief plans sale of remaining stake

The former chief executive of Dubai-listed construction firm Arabtec Holding plans to sell his remaining stake in the company, a source with knowledge of the matter told Reuters on Wednesday. However, Hasan Ismaik will only offloa

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Etihad ups Virgin Australia stake to 22.9pc

Abu Dhabi's flagship carrier Etihad Airways has boosted its stake in Virgin Australia Holdings to about 22.9 per cent by purchasing an additional 1.7 per cent of the airline, said a report. Etihad lifted the share holding to t

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Abraaj gets go-ahead for Bisco Misr acquisition

UAE-based Abraaj Investment Management has won regulatory clearance for its E£850 million ($119 million) offer for Bisco Misr, one of Egypt's main producers of cakes and biscuits. Abraaj Investment Management, an affilia

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Etihad wins EU approval for purchase of 49pc stake in Alitalia

UAE national carrier Etihad Airways said it has won approval from the European Commission for its purchase of 49 per cent of Alitalia, part of a €1.76-billion ($2.19 billion) rescue plan for loss-making Alitalia. The Abu Dhabi carr

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Daimler buys stake in Italian motorcycle maker

Daimler AG has annoucned plans to buy 25 per cent of Italian motorcycle maker MV Agusta - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety. Buying into Agusta giv

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Godolphin buys majority stake in Belardo

Godolphin has bought a majority share in the recent Group One Dubai Dewhurst Stakes winner Belardo from Saudi Prince Faisal, the racing stable owned by Dubai's ruler said. The son of French 2,000 Guineas and Derby winner Lope

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Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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Qatar to buy $616m stake in HK retail operator

Qatar's sovereign wealth fund has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings, operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday. A un

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Lulu Group invests $82m in UK's East India

UAE-based supermarket chain Lulu Group has bought a 10 per cent stake in UK-based trading firm The East India Company and a 40 per cent stake in its fine foods subsidiary for around $82 million in total. The new investment will en

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NBK to sell IBQ stake to Qatari investors for $538m

National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit. N

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