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Ithmaar to boost BBK stake in share swap dealBahrain-based Ithmaar Bank said it plans to boost its stake in the Bank of Bahrain and Kuwait (BBK) by swapping the new BBK shares with its Shamil Bank, effectively merging the two lenders. Ithmaar Bank currently owns 25.4 per cent of BBK More… |
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Credit Suisse to boost Saudi operationsSwiss bank Credit Suisse has taken a majority stake in its joint venture Saudi Swiss Securities as part of its efforts to expand its operations in the Kingdom. The bank’s joint venture in Saudi Arabia has been renamed Credit Suisse Sa More… |
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Libya boosts stake in Circle OilLibya Oil Holdings has raised its stake in Circle Oil, a global oil and gas exploration and development company, to 29.66 per cent with an investment of £19 million ($33.5 million), thus becoming a major shareholder in the company. Libya O More… |
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Dubai World gets nod to boost MGM stakeDubai world has received permission from New Jersey Casino Control Commission to boost its stake in MGM Mirage, the largest casino operator, to 20 per cent, said a news report. Dubai World is the second-biggest shareholder and currently&nb More… |
