Tuesday 26 May 2015
 
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Enoc in bid to buy out Dragon Oil’s minority shareholders

Emirates National Oil Co (Enoc) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its ‘f

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DP World says no plans for share buyback

Dubai's DP World, one of the world's biggest port operators, said it had no plans to buy back any of its shares after investors approved a technical measure allowing the company to do so. "We have no plans for a buy b

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Zain Iraq applies for Baghdad share listing

Zain Iraq, the country's biggest mobile phone network operator by subscribers, has applied for a listing on Baghdad's stock exchange, parent firm Zain told Reuters, taking the first step in a long-delayed plan to go public.

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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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