Friday 1 July 2016
 
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Air Arabia shareholders approve 9pc cash dividend

Air Arabia shareholders approved the distribution of a nine per cent cash dividend for the 2015 financial year at the company’s annual general meeting (AGM), which was held in Sharjah, UAE. The dividend, which is equivalent

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Ahli United gets approval for 40pc Mefic Capital stake buy

Ahli United Bank has received regulatory approval to acquire a 40 per cent stake in Saudi Arabian investment firm Mefic Capital, according to a statement.   No value was given for the transaction, which makes the

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Etihad Airways Engineering gets aviation safety approval

Etihad Airways Engineering, a leading aviation maintenance, repair and overhaul (MRO) provider in the Middle East, has become the first organisation in the region to be granted an extended Part21J Design Organisation Approval (DOA) by the Euro

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Nakheel approves floating islands project

Nakheel, the master developer of 'The World Islands' project, has given the go-ahead to Oqyana Real Estate for its unique floating private islands project off the coast of Dubai, UAE.   With this move, Oq

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Kuwait wins municipal nod for GCC rail work

In a significant development, the Kuwait government has won approval from its municipal council for the construction of the railway line linking the ambitious Gulf network, said a report. The joint project is to develop a railway

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BC Conduit approved for use in Kingdom Tower

BC Conduit, an affiliate of Bahra Cables Company, said its unplasticised polyvinyl chloride (uPVC) conduits have been approved for use in electrical installations at Kingdom Tower in Jeddah, Saudi Arabia. The tower is being built

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BC Conduit approved for use in Kingdom Tower

BC Conduit, an affiliate of Bahra Cables Company, said its unplasticised polyvinyl chloride (uPVC) conduits have been approved for use in electrical installations at Kingdom Tower in Jeddah, Saudi Arabia. The tower is being built

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MMG's recovery plan gets board approval

Saudi contractor Mohammad Al Mojil Group's (MMG) board had approved a recovery plan that uses most of its existing capital base to pay off debts and new cash raised through a share issue, it said on Sunday. The firm, which got

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Etihad's codeshare plan for 34 Air Berlin flights rejected

Abu Dhabi-based airline Etihad has been denied approval to add its code to some flights operated by partner Air Berlin to Germany, meaning the German airline could lose out on passengers that it needs to fight its way back to profit.

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Facebook to win EU approval for $19bn WhatsApp bid

Leading social network Facebook will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said. The land

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