Tuesday 28 July 2015
 
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Pearson in talks to sell its 50pc stake in The Economist

Britain's Pearson said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson's sale of the Financial Times newspaper t

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Infrastructure terms for developers in Bahrain

Private developers will be banned from selling properties in northern Bahrain unless proper infrastructure is in place. The Northern Municipal Council has taken the decision based on complaints from homeowners, some of whom have a

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Apple Watch to hit retail stores on June 26

Apple said it would start selling some models of its watch at its retail stores this month, and also roll out the gadget in seven more countries. The watch has been on display in Apple stores around the world since April 10, when

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Britain to sell 30pc Royal Mail stake

Britain will sell its 30 per cent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds ($2.3 billion), as it renews its drive to wipe out the budget deficit, finance minister George Osborne said. The sale

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Sotheby’s to sell contemporary art at Doha auction

Sotheby’s, an international auction house, is set to conduct a sale of contemporary art in Doha on April 21. The sale will comprise a selection of top-caliber works by leading Arab, Iranian and international contemporary art

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Bahraini private hospital selling land to pay staff

A private hospital in Bahrain is reportedly planning to sell off land to raise the money it needs to pay staff. International Hospital of Bahrain (IHB) medical director Dr Abdul Shaheed Naseeb blamed an 80 per cent drop in busines

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Lloyds, Natixis and RBS sell Dubai World debt

Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter. Royal Bank of Scotland (RBS)

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Adnoc sells naphtha below market rate from Ruwais

Abu Dhabi National Oil Co (Adnoc) has sold about 125,000 tonnes of naphtha to Vitol at premiums that were at least $10 below the market rate of $28 a tonne to Middle East quotes on a free-on-board (FOB) basis, traders said on Friday.

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Fines plan for Bahrain firms selling CRs illegally

Immediate fines for companies in bahrain found to be illegally selling commercial registrations (CRs) on the black market are being considered by the Industry and Commerce Ministry. Minister Zayed Al Zayani told MPs yesterday (Mar

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Mumtalakat 'has no plans to sell assets'

Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said. The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv

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