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Ahli United posts $309m Q1 profitBahrain-based Ahli United Bank, the largest lender by market value in the kingdom, has reported a net profit of $309.8 million for the first quarter of the year, boosted by a one-time gain from the sale of a stake in a Qatari associate. More… |
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Batelco-Reliance deal likely in May: ReportIndia's Reliance Communications is likely to seal a deal to sell an 80 per cent stake in its subsidiary Reliance Globalcom to a consortium led by Bahrain Telecommunications Company (Batelco) by May end, s More… |
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Bankia hires Rothschild for stake saleBailed-out Spanish lender Bankia has hired Rothschild to help sell its stakes in companies, including power group Iberdrola and insurer Mapfre, as the bank rebuilds its capital. Bankia, which along with parent group BFA took 18 bi More… |
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India's SpiceJet shares surge on stake sale reportShares in India's SpiceJet rose by as much as 8.5 percent on Tuesday after the Times of India reported the budget carrier was close to selling a stake to a foreign carrier, which it said was most likely to be Qatar Airways. Sp More… |
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Dubai Group in talks to sell Omani stakeDubai Group, an investment vehicle restructuring $10 billion of debt, is in talks to sell its stake in Oman National Investment Corp Holding (Onic), three sources aware of the matter said on Wednesday. Dubai Group, part of Dubai H More… |
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Dubai Group 'eyes stake sale in Lafarge venture'Dubai Group is in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. L More… |
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Stake sale setback for IndiaIndia is not making life easy for itself as it looks to sell off stakes in state companies to help plug a yawning budget gap, with New Delhi's own policies battering sentiment towards government enterprises even as it readies more for market. More… |
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Rasmala in potential sale talks: sourcesRasmala Investment Bank is seeking the potential sale of its business and has reached out to several regional players to gauge interest, two sources told Reuters. Dubai-based Rasmala, which counts Deutsche Bank among its shareholders More… |
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Zain soars on stake sale optimismKuwait's Zain climbed to a five-week high on Thursday on talk the telecom firm was closer to a $950 million sale of its stake in Zain Saudi , as regional bourses ended mixed amid uncertainty in global markets. Zain climbed to at its highes More… |
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Kuwait Air seeks bids for stake saleThe privatisation committee of Kuwait Airways asked potential investors to submit their interest in buying a stake in the carrier, the first step towards privatising the state-owned carrier. 'Interested parties will have an opportunity More… |
