Monday 30 May 2016
 
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DI acquires 20pc more stake in Properties Investments

Dubai Investments, a leading, diversified investments conglomerate listed on the Dubai Financial Market, has acquired a 20 per cent additional stake in Properties Investments (PI), a joint venture of Dubai Investments and Union Properties, for

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Gulf Hotels Group seeks majority stake in BFLC

Gulf Hotels Group (GHG), a Bahrain-based owner and operator of hotels, has made an offer to the board of Bahrain Family Leisure Company (BFLC) to increase its shareholding in the latter to 51 per cent. GHG currently owns 25.25 per cent of shar

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Gulf Hotels Group seeks majority stake in BFLC

Gulf Hotels Group (GHG), a Bahrain-based owner and operator of hotels, has made an offer to the board of Bahrain Family Leisure Company (BFLC) to increase its shareholding in the latter to 51 per cent. GHG currently owns 25.25 per cent of shar

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Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts. The observation was made at the latest ‘Innovation

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DP World unit takes majority stake in Spain's Repasa

P&O Maritime, a subsidiary of Dubai's DP World, one of the world's largest port operators, has bought a majority stake in Spain's Remolcadores de Puerto y Altura (Repasa), the acquirer said in a statement. The deal

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Warburg Pincus to acquire majority stake in mercator

Warburg Pincus, a global private equity firm focused on growth investing, has signed a deal with dnata, an air service provider, to acquire a majority stake in mercator.   Mercator is a Dubai-based provider of so

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Lanka ruling coalition wins majority

Sri Lankan President Mahinda's Rajapaksa's ruling coalition has won a simple majority of seats in parliament, official results said on Friday, as counting continued. Rajapaksa's United People's Freedom Alliance had won 120

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Batelco plans major stake sale

The government plans to sell the majority, if not all of its shares in Batelco over the next three years, it has emerged. The sale, part of the second national telecommunications plan, will enable Batelco to operate with full independence

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DED issues 1,018 licences in December

The Dubai Department of Economic Development (DED) has issued 1,018 licences in December 2007, according to a report. The majority of these were issued in the commercial sector (820), followed by the professional sector (168), industrial

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