Tuesday 16 September 2014
 
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approval

Hapag-Lloyd deal to win EU approval

Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, sources said. The tie-up is important for t

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UAE cbank backs ADIB purchase of Barclays unit

Abu Dhabi Islamic Bank (ADIB) has received regulatory approval from the United Arab Emirates central bank for its purchase of Barclays' retail operations in the country, its chief executive said on Tuesday.  

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Councillors to seek approval to develop Bahrain Fort

Councillors will approach the United Nations next month for approval to develop the area around Bahrain Fort. They will present their proposals at the United Nations Educational, Scientific and Cultural Organisation (Unesco) in Pa

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Safa wins Saudi Gaca approval to train pilots

Saudi Aviation Flight Academy (Safa) has won a key approval that it says will support its efforts to establish a complete and professional flight academy for Saudi Arabia. Safa, which has been declared a Part 141 approved pilot sc

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Gulf Air changes dates for Iran flights

Gulf Air, the national carrier of the Kingdom of Bahrain, has announced that the proposed dates of resuming its services to Iran have been deferred while waiting to receive approval from the Iranian Civil Aviation Authority. The a

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Canada aviation specialists win Saudi nod

Canada-based Flying Colours Corporation said it has won approval from Saudi General Authority of Civil Aviation (GACA) to carry out maintenance work on aircraft registered in the Kingdom. Flying Colours are specialists in completi

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Gulf Air to restart Iraq, Iran flights

Bahrain’s national carrier, Gulf Air said it is set to resume its services to Iran and Iraq starting from September 20 following approval from the government authorities. Flights to Baghdad, Erbil, Najaf and Basra in Iraq and Tehr

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Zain Saudi wins approval for capital restructuring

Leading telecom operator Zain Saudi said it has won approval from its shareholders for a multibillion dollar capital restructuring at the recent extraordinary general assembly meeting held in Riyadh. The Zain Saudi move comes after the com

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Daman completes major capital hike

Daman Investments, a leading UAE-based regional investment management company, said it has successfully completed a capital increase through a private placement with an investment of Dh99.9 million ($27.1 million). Daman said the company m

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GFH gets $110m sukuk restructuring approval

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has obtained approval to restructure a $110 million Islamic bond, extending repayment for six years, the company said in a statement on Sunday.      S

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