Saturday 6 February 2016
 
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Gulf Energy offers to buy stake in US oil field

Gulf Energy Corporation, a UAE-based privately-held energy company, has signed an agreement regarding its offer to purchase a share in an oil and gas field in the US state of New Mexico. The offer includes the purchase of a share

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STC chief keen on 50pc stake in Kuwait's Viva

The chief executive of Saudi Telecom (STC) believes that owning 50 per cent of Kuwaiti affiliate Viva would be reasonable, he told Saudi-owned television channel Al Arabiya on Thursday. The kingdom's leading telecommunications

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Saudi government to keep Aramco controlling stake

Saudi Arabia's government will keep a controlling interest in state-owned Saudi Aramco if it decides on a share offering of the world's largest oil firm, its chief executive said. Aramco has crude reserves of about 265 bil

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Abraaj invests in Algeria hygienic products maker

The Abraaj Group, a leading investor operating in global growth markets, has acquired a significant minority stake in Cellulose Processing (Cepro), a leading manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.

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Saudi Aramco to sell downstream ops, not upstream

Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking sa

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Qalaa's glass unit in $105m stake sale deal

Qalaa Holdings, an African leader in energy and infrastructure, said its subsidiary Mena Glass has announced plans to sell its entire stake in two of its units - Misr Glass Manufacturing Company (MGM) and United Glass Company (UGC) - for E£

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Qalaa's glass unit in $105m stake sale deal

Qalaa Holdings, an African leader in energy and infrastructure, said its subsidiary Mena Glass has announced plans to sell its entire stake in two of its units - Misr Glass Manufacturing Company (MGM) and United Glass Company (UGC) - for E£

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Abraaj cuts stake in Tunisia pharma business

Dubai-based Abraaj, a top investor in emerging markets, and a partner have sold 83 per cent of their stake in Tunisia's second-largest pharmaceuticals company Unimed ahead of a planned stock market listing next year, the private equity firm

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Abraaj cuts stake in Tunisia pharma business

Dubai-based Abraaj, a top investor in emerging markets, and a partner have sold 83 per cent of their stake in Tunisia's second-largest pharmaceuticals company Unimed ahead of a planned stock market listing next year, the private equity firm

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Abraaj frontrunner for Saudi Al Raya stake buy

Abraaj has emerged as the frontrunner to buy a majority stake in Al Raya for Foodstuff Co after entering into exclusive talks with the two private equity firms that currently control the Saudi supermarket chain, sources familiar with the matter

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