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Dubai leisure show posts solid growthThe Dubai Entertainment Amusement and Leisure Show (Deal) 2013 grew by 19 per cent over the previous year, with exhibitors signing contracts worth several million dollars, a statement from International Expo Consults (IEC) said. T More… |
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ME merger activity subdued in Q1The mergers and acquisitions (M&A) deal activity in the Middle East region started the year on a rather subdued note, according to the latest reports from Zephyr, the comprehensive database of deal information. The first quart More… |
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Honeywell signs ME distribution dealHoneywell Aerospace, a global provider of integrated avionics, engines, systems and service solutions, has signed a major agreement with Dubai-based Transworld Aviation (TWA) to distribute its line of health and usage monitoring systems (HUMS) a More… |
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US Senate approves 'fiscal cliff' deal, crisis easedThe Senate moved the US economy back from the edge of a "fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives. More… |
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Germany 'close to arms deal with Saudi'The German government is close to completing a 100 million-euro arms deal with Saudi Arabia to sell 30 armoured vehicles, and Berlin's national security council has already signalled its backing, a report said. More… |
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Dana inks $920m debt restructuring dealUAE-based Dana Gas said it has reached a lock-up and standstill agreement with bondholders to restructure $920 million Islamic bond by reducing the debt to $850 million via $70 million cash. One of the largest private sector natural gas More… |
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Meta Byte in deal to cut remote users' costDubai-based solutions provider Meta Byte Technologies said it has inked a deal to license Mi-Token’s Two Factor Authentication engine in line with its plan to significantly lower the cost of authenticating remote network users in the regio More… |
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Dana sweetens $920m debt restructuring dealDana Gas, in talks to restructure a $920 million Islamic bond, is offering bondholders cash and an average 8 per cent coupon on two new sukuks to replace the existing one, two sources said. The natural gas producer became the firs More… |
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Universal wins approval for EMI dealVivendi's Universal Music Group won European and US approval for its $1.9 billion purchase of EMI's recorded music business, with the EU requiring the company to sell labels that account for about a third of the British company's rev More… |
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EFG Hermes shareholders approve QInvest dealShareholders of EFG Hermes, Egypt's biggest investment bank, reaffirmed on Sunday their approval of a planned tie-up with Qatar's QInvest after demands by the regulator for more information on the deal were met, EFG said in a statement d More… |
