Wednesday 25 May 2016
 
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Dow, DuPont to merge in deal valuing firms at $130bn

US chemical giants DuPont and Dow Chemical Co have agreed to merge in an all-stock deal valuing the combined company at $130 billion, with plans to eventually split into three.   The deal, which is likely to face

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Dow, DuPont to merge in deal valuing firms at $130bn

US chemical giants DuPont and Dow Chemical Co have agreed to merge in an all-stock deal valuing the combined company at $130 billion, with plans to eventually split into three.   The deal, which is likely to face

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KBBO picks London for listing merged subsidiaries

UAE’s privately-owned KBBO Group has picked London for listing its merged subsidiary, two sources said on Friday as the firm pushes ahead with plans to raise over $1 billion from a share sale.   The family

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Travelex, UAE Exchange to merge and list in Abu Dhabi

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said. The Indian-born billionaire along with Abu Dhab

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KFH to sell, merge unprofitable assets

Islamic bank Kuwait Finance House (KFH) will shuffle its top management and work with advisors to sell, merge or restructure unprofitable subsidiaries, state news agency Kuna quoted the bank's chief executive as saying. It quoted Mohammed

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Oman's new FM station goes on air

Oman’s newest FM radio station Merge 104.8 began its official broadcast on Tuesday firing up Oman’s airwaves with its fresh, diverse new sound. Merge 104.8 already hit the headlines last month as recipients of an international Lynx de

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Gulf banks urged to merge

Gulf banks should merge in the wake of the financial crisis, first in their home markets and then across borders, Oman's central bank head and senior Gulf bankers said. Gulf central banks should begin by encouraging domestic consolidat

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Emaar holds merger talks with Dubai firm

Dubai Holding, owned by the ruler of the Gulf emirate, and leading developer Emaar Properties said they are in advanced talks to merge four local real-estate companies. A joint statement said the move would consolidate Emaar, which is buil

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Nakheel, DMCC property wing merge

The property wing of Dubai government-owned Dubai Multi Commodities Centre (DMCC) has been merged with Nakheel, the state-owned developer of Dubai's palm-tree shaped islands, a newspaper has said. 'DMCC's property-related

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Qatar orders navigation, shipping firms merger

Qatar Navigation Company and Qatar Shipping Company have been ordered by the government to merge, the Doha bourse said in a statement on its website on Monday. 'In order to inspire growth in investment and increase profitability for be

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