Sunday 20 April 2014
 
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Twitter prices above range to raise $1.8bn

Twitter priced its initial public offering above its expected range to raise at least $1.8 billion, in a sign of strong investor demand for the most highly anticipated US public float since Facebook. The microblogging network pric

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Build-A-Bear Workshop raises $2,600 for autism

Build-A-Bear Workshop, a brand where children make their very own stuffed toys, has raised BD1,000 ($2,641) for autism in partnership with charitable organisations in the local community in Bahrain. This GCC-wide initiative saw th

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India's Marico to raise $97.8m via share sale

Indian consumer products maker Marico Ltd said on Saturday it plans to raise Rs5 billion ($97.8 million) from the sale of 29.41 million shares to two private equity investors at Rs170 each. On Tuesday, Business Standard reported Marico pla

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Mideast IPOs record five-fold jump, net $420.5m

The initial public offering (IPO) activity in the Middle East rose significantly in the first quarter raising $420.5 million from six IPOs compared to $83.6 million in the same period last year, according to Ernst & Young. The regional

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Mashreq Bank to raise bond plan to $5 billion

Mashreq, Dubai's largest bank by market value, said it plans to raise the size of a euro medium term note programme to $5 billion from $2 billion. The lender, owned by billionaire Abdul Aziz al-Ghurair, said in a regulatory filing late

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Maersk to hike rates on ME, S.Asia routes

The world's biggest container shipping company, Maersk Line, said it would raise rates on routes from South Asia and the Middle East to Europe from February 1, but said rates remained unacceptably low. The company, part of Danish shipping

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Emirates raises $1.1bn for A-380 delivery

Emirates airline, one of Dubai's prize assets, said it had raised $1.13 billion for the delivery of A-380 aircraft from Airbus and was in a secure financial position. The aircraft will form part of the 53 Airbus A380 aircraft that Emir

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Tharawat to raise $100m for sukuk fund

Bahrain-based Islamic investment house Tharawat said it plans to raise $100 million by year-end for a sukuk fund it recently launched to snatch up bargains on the secondary market. Tharawat chief executive Arif Moh'd Al Alawi also told Reu

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Emaar may seek to raise equity

Dubai developer Emaar Properties, the largest developer in the United Arab Emirates, may have to raise cash to go ahead with its planned merger with three local property firms, investment bank Nomura said. Dubai Holding, owned by the ruler

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Saudi Electricity to raise $1.8bn from sukuk issue

Saudi Electricity Company, the Gulf's largest utility by market value, on Saturday began a roadshow for its second Islamic bond issue which bankers expect will raise up to 7 billion riyals ($1.87 billion). Bourse regulator the Capital

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