Friday 30 September 2016
 
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Oil prices down as investors cash in on gains

Oil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of Opec ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply.

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ME investors pump $10bn into overseas properties

Middle East outbound capital flows into global commercial real estate reached $10 billion in the first half of 2016, with international market destinations becoming more diverse, according to a report. Investors from the Middle Ea

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Hong Kong stocks extend gains as China investors pour in

Hong Kong stocks extended gains on Friday as mainland China investors stepped up buying of shares in the city ahead of a scheme to link the Shenzhen and Hong Kong stock exchanges. China shares were marginally firmer, with investor

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GCC investors eyeing post-Brexit London market

Leading international property agency Chestertons is showcasing a number of opportunities in London as GCC investors review the capital’s long-term prospects, following the UK’s June 2016 decision to exit the European Union (EU).

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Drake & Scull to review business, seek new investors

Dubai-listed construction and engineering company Drake & Scull International has asked advisers for proposals to review its business and find strategic investors, its chief financial officer told Reuters on Monday. The compan

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Drake & Scull to review business, seek new investors

Dubai-listed construction and engineering company Drake & Scull International has asked advisers for proposals to review its business and find strategic investors, its chief financial officer told Reuters on Monday. The compan

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Aramex founder 'sells stake to Alabbar, others'

Aramex founder and vice-chairman Fadi Ghandour sold his entire 9.9 per cent stake in the logistics company to Gulf investors including Emaar Properties chairman Mohamed Alabbar, a report said. The purchase was made through Alabbar

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S Korean investors eye opportunities in Iran

Iran has revealed that South Korean investors plan to invest in the country’s oil terminals, solar power plants, synthetic cycle power plants and port facilities in the Hormuzgan Province. Investors will extend $96 million t

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Oil investors may get another shot at cheap barrels

Oil investors who missed the chance to buy crude at multi-year lows earlier this year might get another shot at securing a bargain, as prices are likely to slip in the near term before recovering more steadily, analysts said. &nbs

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KAEC sets up new real estate services unit

King Abdullah Economic City (KAEC), a special economic zone in Saudi Arabia, has announced the establishment of a new “Select Real Estate Services” department. The new unit is a specialist in providing resale and renta

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