Saturday 18 April 2015
 
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Bahrain F1 ticket sales surge 22pc

Ticket sales for this weekend's Gulf Air Bahrain Grand Prix are up 22 per cent compared with last year, Information Affairs Minister and official government spokesman Isa Al Hammadi told a press conference after the Cabinet session yesterday

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RAK Ceramics sells 51pc stake in JV firm

RAK Ceramics, one of the world's biggest makers of floor and wall tiles, has inked a deal for the sale of its 51 per cent share in its joint venture firm to Laticrete International for Dh48.1 million ($13 million). The joint v

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BBK plays key role in Takaful International stake sale

Bank of Bahrain and Kuwait (BBK) has announced it executed a large trade on the Bahrain Bourse on behalf of a client through its division - BBK Brokerage Services. Bahrain Kuwait Insurance Company (BKIC) has taken a 10.7 per cent

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GCC online retail sales to hit $41bn

E-commerce sales in the Gulf Cooperation Council (GCC) is set to touch $41.5 billion by 2020, one of the highest growths across the industry worldwide, according to experts. Awok.com, a UAE-based online shopping platform, has seen

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‘UniCredit bonds not an exit from bank investment’: Aabar

Abu Dhabi fund Aabar Investments said its sale of €2 billion ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances. Aabar

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HSBC unit raises $205m in Malaysia sukuk sale

The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205 million) from the sale of a five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported. The sale is the third tranche of the le

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Aldar in Abu Dhabi land sale success

Aldar Properties, a leading developer based in Abu Dhabi, UAE, said it has successfully completed the sale in just one week of all 281 land plots at Al Merief, a master-planned residential community for UAE nationals located in the fast gro

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HDPE products sale to grow 4.3pc to reach $85bn

The sale of high-density polyethylene (HDPE)-based range of products including milk bottles, water pipes and films, is set to grow 4.2 per cent per annum to reach $85.8 billion by 2022, according to a recent research. Leading mark

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Saudi prince's posh NY apartment put up for sale

A luxurious 10,500-sq-ft New York apartment owned by a Saudi prince which is furnished with bullet-proof panic rooms and a sushi island bar, has been put on the market for $48.5 million down from the $75 million price it was listed for in 2012,

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Motorola exploring possible sale

Walkie-talkie and radio systems maker Motorola Solutions is looking into a possible sale, Bloomberg reported, citing people familiar with the matter. Potential buyers could include private-equity firms and defense contractors incl

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