Tuesday 26 July 2016
 
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Nice airport sale delayed due to attack

The sale procedure for Nice airport, France's biggest regional airport, has been delayed for eight days following an attack on the French Riviera resort that killed 84 people, a spokeswoman for the Economy Ministry said. "

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Mubadala sells 80pc stake in SR Technics

Abu Dhabi investment and development company Mubadala has agreed to sell an 80 per cent stake in SR Technics, a leading maintenance, repair and overhaul (MRO) service provider, to HNA Aviation, a global enterprise group based in Haikou, China.

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Mubadala sells 80pc stake in SR Technics

Abu Dhabi investment and development company Mubadala has agreed to sell an 80 per cent stake in SR Technics, a leading maintenance, repair and overhaul (MRO) service provider, to HNA Aviation, a global enterprise group based in Haikou, China.

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Sahara sells 3 hotel stakes to Qatar Investment for $1.6bn

Qatar Investment Authority has agreed to buy Indian diversified group Sahara's stake in three overseas hotels for a whopping $1.6 billion, said a report. According to a report on CNBC-TV18, the agreement to buy stakes in Grosv

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Doubts grow over Airbus A380 sale to Iran

As Western planemakers seek to finalise lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country's national flag carrier, several people familiar with deal said.

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AccorHotels launches Summer Sale in the Middle East

Guests at select AccorHotels properties are invited to catch a break with the Summer Sales promotion offering discounts of up to 30 per cent. Valid until September 30, the campaign has over 70 participating properties based in the

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Turkish investors sell over $1bn in forex after Brexit

Turkish local investors sold over $1 billion in forex in profit taking after an initial steep slide in the lira on Friday as Britain's shock vote to exit from the European Union hit emerging market currencies, bankers told Reuters.

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UAE dairy firm quits stake sale on valuation mismatch

The owners of National Foods Products Company (NFPC) have abandoned the sale of a majority stake in the Abu Dhabi-based firm after final round bids failed to meet their valuation, sources aware of the matter said on Wednesday. Sha

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Kuwaiti group Americana revives stake sale talks

Kuwait Food Company (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday. Americana, which owns the Middle East

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Kuwaiti group Americana revives stake sale talks

Kuwait Food Company (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday. Americana, which owns the Middle East

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