Sunday 21 December 2014
 
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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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Amanat to open $374m share sale on Oct 20

UAE-based Amanat Holdings, a healthcare and education start-up, will launch its Dh1.375 billion ($374 million) initial public offer next Monday, it said in a statement on Wednesday. The offer period for the flotation, in which 55

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Amanat to open $374m share sale on Oct 20

UAE-based Amanat Holdings, a healthcare and education start-up, will launch its Dh1.375 billion ($374 million) initial public offer next Monday, it said in a statement on Wednesday. The offer period for the flotation, in which 55

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In oil price war, Saudi's biggest rival is next door

Kuwait, Saudi Arabia's traditional Gulf ally, is challenging its bigger neighbour in an increasingly competitive battle for market share as it sells oil to buyers in Asia at the widest discount to a comparable Saudi grade in 10 years.

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Lloyds Bank to sell more shares in TSB

Lloyds Banking Group is to sell a further 11.5 per cent stake in TSB Banking Group, leaving it with a 50 per cent shareholding in a business it was ordered to shed by European regulators. Lloyds said it would sell another 57.5 mil

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Renaissance to revive listing plans for Topaz arm

Oman's Renaissance Services has revived plans to list its oilfield services business Topaz, more than three years after pulling a share sale in London, sources said on Thursday. Dubai-based Topaz Energy and Marine, one of the bigg

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Employees, technology top factors shaping workplace

The individual employee and the technology they choose are leading factors that will shape the workplace over the next five years, according to a recent report. Citrix’ annual Technology Landscape document developed by the c

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