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Mideast, Africa wealth jumps to $4.8trn in 2012Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in 2012, a study by the Boston Consulting Group (BCG) showed, as strong economies and rising equity markets fuelled regional gro More… |
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Regulations ‘helping business growth in Mena’Eighty-one per cent of senior executives in the Mena region believe that the current regulatory environment provides support for business growth, a report said. Business confidence across Mena was broad based, with respondents pos More… |
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Daman Funds announce Q1 cash dividendsDaman Investments, a leading UAE-based regional investment management company, has announced a record 13th consecutive quarterly dividend for its flagship Daman Second Emirates Fund. The f More… |
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Batelco takes over CWC units for $570mBahrain's leading telecoms services provider Batelco Group on Wednesday said it has successfully acquired several units of British multinational telecommunications company Cable & Wireless Communications (CWC) including its Monaco and Is More… |
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RAK Prop approves 5pc cash dividendRAK Properties, the biggest property developer in Ras Al Khaimah listed on Abu Dhabi Stock Exchange, said it had approved a cash dividend equivalent to 5 per cent of the capital to the shareholders. The decision was taken at More… |
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Batelco in talks to buy stake in India's RComm unitBahrain Telecommunications Company (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator's enterprise business unit, the former monopoly said on Thursday. "We are in discussions with Rel More… |
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NBAD approves 35pc cash dividendsThe National Bank of Abu Dhabi's (NBAD) has approved the distribution of cash dividend of 35 per cent and stock dividend of 10 per cent for the financial year ended December 31, 2012. Announcing this at the annual general meet More… |
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NBK approves 30pc cash dividends to investorsNational Bank of Kuwait (NBK) said it plans to distribute cash dividends equivalent to 30 per cent of the nominal value of the share (30 fils per share) and bonus shares by 5 per cent (5 shares for every 100 shares) to sharehol More… |
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Nass proposes 15pc cash dividendNass Corporation, one of Bahrain's leading industrial and commercial organisations with operations across the Gulf, said it will distribute a cash dividend of 15 per cent for 2012 to the shareholders. More… |
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Batelco announces $95.5m cash dividendBatelco Group, Bahrain's leading communications solutions provider, has announced a cash dividend of BD36 million ($95.5 million) and a 10 per cent bonus share issue for last year. This follows an annual general meeting and an More… |
