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GGICO

GGICO aims to renegotiate part of debt plan

Dubai-listed conglomerate Gulf General Investment Co (GGICO) is seeking to restructure loans linked to a Dh2.8 billion ($762 million) debt plan which it agreed four years ago, banking sources told Reuters. It is the latest example

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Gulf General Investment posts $5.4m net profit

Diversified conglomerate Gulf General Investment Co (GGICO) has reported a net profit of Dh20 million ($5.4 million) for last year, as compared to Dh97 million in the previous year.   Mohamed Abdalla Juma Al Sari

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Levtech deploys Microsoft Dynamics solutions for GGICO

Levtech Consulting, a leading provider of Microsoft Dynamics solutions and services, has implemented Microsoft Dynamics AX and CRM at GGICO, a conglomerate listed publicly in the Dubai Financial Market, with widely diversified activities in real

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GGICO launches affordable quality housing

GGICO, a diversified conglomerate, has launched its latest real estate project located at Dubai’s Silicon Oasis, continuing with its popular model of offering high quality housing through affordable payment plans. “Buy

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Gulf General Investment posts $31m profit

Gulf General Investment Co (GGICO), a conglomerate with widely diversified activities in manufacturing, industrial, financing, insurance, retail, gourmet services, trading, transport, hospitality, real estate development and investment in shares

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GGICO reports over $272m loss

Dubai-based Gulf General Investment Company (GGICO) has reported a loss of over Dh1 billion ($272 million) in 2011, compared with Dh 973 million the previous year, a report said. The company, in a statement to the Dubai Financial Market, b

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Moody's downgrades GGICO ratings

Moody's has downgraded the ratings of Dubai-based Gulf General Investment Company (GGICO) to B2 from B1. The ratings were placed on review for possible downgrade. Moody's said the dowgrade of corporate family rating

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Dubai's GGICO picks banks for notes offer

UAE conglomerate Gulf General Investments Company (GGICO) has mandated three banks to lead a benchmark-sized senior notes offering, denominated in US dollars, market sources said on Monday. HSBC, Standard Chartered and Deutsche Bank have b

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Axis Residences set for hand-over

GGICO, a leading conglomerate based in the UAE, said it will start delivering the housing units in its key development in the heart of Dubai Silicon Oasis,'The Axis Residences,' from this month. Axis Residences, comprises eigh

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GGICO sells 75pc of Axix Residence phase 3 units

GGICO has sold 75 per cent of all units available from the third phase of its Axis Residence project, located in Dubai Silicon Oasis, within the first few days of its launch. The company said that their special financing solutions had grea

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