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Insurance House profit tops $2m; beats forecastAbu Dhabi-based Insurance House (IH) recently held its first annual general meeting and announced a net profit of Dh7.54 million ($2.05 million) in 2012, exceeding the forecasted profits set for the year. Gross Premiums Written (G More… |
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Shareholders approve Aldar-Sorouh mergerShareholders of Abu Dhabi's Aldar Properties have approved the developer's plans to merge with rival Sorouh Real Estate at a meeting on Sunday, a spokesman for Aldar said. The boards of both state-linked firms proposed a m More… |
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Glencore eyes finish line in marathon Xstrata dealShareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date. After nine months of tense negot More… |
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Qatar dodges shareholder duty on Glenstrata(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) Qatar is dodging its shareholder duty. The emirate successfully used its muscle to extract better terms from Glencore in the commodity trader&# More… |
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Ithmaar, FLB to discuss possible mergerIthmaar Bank, a Bahrain-based Islamic retail bank, has announced that negotiations on a proposed merger with one of its Bahrain-based associates, First Leasing Bank (FLB), had reached an advanced stage. Ithmaar Bank chief executive offi More… |
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Shuaa to unveil financial roadmap Oct 3Shuaa Capital (Shuaa), the leading regional financial services company, said that it will be updating shareholders and the financial community on its financial, strategic and operational roadmap on October 3. Executive chairman of Shuaa More… |
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Qatar Milaha eyes 20pc capital hikeMilaha (formerly known as Qatar Navigation), held a crucial board meeting to discuss the recommended rights issue and also the proposal to increase the company’s paid-up capital. As part of the extraordinary meeting held in April, the gene More… |
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Nokia promises new products to investorsNokia's outgoing chairman Jorma Ollila promised a range of new products ahead of a meeting on Thursday with shareholders who are increasingly losing patience with the company's recovery efforts. In an More… |
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CS, Barclays shareholders revolt over pay plansMore than a quarter of shareholders at Credit Suisse and Barclays voted down the banks' pay plans yesterday, in a sign of investors catching up with popular outrage over bankers' pay. Such stark rejections are rare, with the average vote a More… |
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DFM shareholders approve balance sheetThe Dubai Financial Market (DFM) shareholders approved the balance sheet and income statement for the fiscal year ending December 31, 2011, during its recently-held ordinary annual general meeting. It was headed by the chairman of the com More… |
