Saturday 18 April 2015
 
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Saudi hardware retailer to raise $134m from float

Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd

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Mobily insists can meet all debt commitments

Saudi Arabian telecommunications firm Mobily insisted on Wednesday it could meet all its debts despite announcing last week that it had suffered a $243 million loss in 2014 and expected to breach covenants on long-term loans. &quo

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Bahrain’s TRA set to force telephone masts sharing

Bahrain’s telecom operators could be forced to share telephone masts as part of new government regulations, Transportation and Telecommunications Minister Kamal Ahmed told a press conference after the weekly Cabinet session yesterday (Febr

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Bahrain Bourse index records 14pc growth

The Bahrain All Share Index grew by 14 per cent last year, the second-highest in the GCC region after Qatar at 18 per cent, a top official of a leading Bahrain-based investment firm has said. According to Securities and Investment

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UAE fleet manager postpones flotation on poor demand

Abu Dhabi-based fleet manager Massar Solutions has postponed its initial share sale after the planned flotation failed to secure enough investor backing during the subscription period, a report by UAE's daily The National said on Sunday.

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UAE fleet manager postpones flotation on poor demand

Abu Dhabi-based fleet manager Massar Solutions has postponed its initial share sale after the planned flotation failed to secure enough investor backing during the subscription period, a report by UAE's daily The National said on Sunday.

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Drake and Scull mulls share buyback

The board of Dubai contractor Drake and Scull will consider buying back up to 10 per cent of the company's shares at a meeting on December 22, the company said on Thursday. Drake and Scull, whose shares have plunged 42 per cen

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United Industries Company posts $29m profit

United Industries Company (UIC), a member of the Kuwait Projects Company (Kipco) Group, has posted a net profit of KD8.7 million ($29.8 million) for the first nine months of the year. The earnings per share stood at 19.57 fils com

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BHB, Zain Bahrain in major shares deal

An agreement was signed between Bahrain Bourse (BHB) and Zain Bahrain to assign BHB as a share registrar for the shares of the telecommunications company. The agreement was signed by Bahrain Bourse chief executive Shaikh Khalifa b

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BHB, Zain Bahrain in major shares deal

An agreement was signed between Bahrain Bourse (BHB) and Zain Bahrain to assign BHB as a share registrar for the shares of the telecommunications company. The agreement was signed by Bahrain Bourse chief executive Shaikh Khalifa b

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