Friday 24 October 2014
 
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Top sightseeing firm hires JPMorgan for sale

One of the world's largest operators of open-top sightseeing tours, Big Bus Tours, has hired JPMorgan to find a buyer in a deal that could value the travel firm at close to £500 million ($810 million), sources familiar with the situati

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Heathrow eyes $1.6bn British airports' sale deal

Heathrow Airport Holdings (HAH) is set to sell three British airports for £1 billion ($1.6 billion) to a group including Spanish infrastructure firm Ferrovial, Singapore sovereign fund GIC and Australian bank Macquarie, according to Sky Ne

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Pakistan eyes PIA sale; in talks with Gulf airlines

Pakistan plans to split ailing national flag carrier Pakistan International Airlines (PIA) into two companies and sell control of the core business to a global airline over the next 18 months, but political opposition to the sell-off will be int

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KAEC luxury villas go on sale

King Abdullah Economic City (KAEC) has announced the sale of 147 luxury villas at its coastal community, Al Murooj Golf Community 2, near the Red Sea in Saudi Arabia's Western province. The sales will be launched at the Jeddah

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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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Aldar completes sale of Abu Dhabi tower

Abu Dhabi-based Aldar Properties said it has completed the sale of a residential tower in Marina Square to MAG F5 Holdings, a joint venture between MAG Group and Fortune |5 Investments. The tower, located in Marina Square on Reem

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Germany clears RWE energy unit sale

Germany's economy ministry approved the sale of utility RWE's oil and gas unit DEA to a Russian investor, despite tensions between Russia and the West over the Ukraine crisis. The go-ahead announced yesterday removes the b

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UAE consumer electronics market to hit $4bn

The increased sale of tablets, smartphones and digital SLR cameras is expected to push UAE’s consumer electronics market to Dh16 billion ($4.3 billion) next year, according to the Consumer Electronics Association. Following

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Citigroup posts $3.9bn net income

Citigroup reported a stronger-than expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts, and the bank cleared another hurdle by reaching a $7 billion settlement over its sale of flawed mortgage securitie

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Thailand Grand Sale 2014 to be biggest ever

More than 15,000 establishments in seven of Thailand’s most important tourism cities are set to take part in the ‘Amazing Thailand Grand Sale 2014’ to be held between June 15 and August 15.   Th

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