Sunday 2 August 2015
 
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BR Shetty

Indian budget opens new avenues for NRIs: BR Shetty

The focus on 'Make in India' in the Indian budget unveiled yesterday (Feb 28) will open up more avenues for non-resident Indians (NRIs) to contribute to the nation's development, said Dr B R Shetty, managing director and CEO of UAE E

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UAE tycoon wins $800m loan deal to buy Travelex

Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million loan to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex, he said on Tuesday. "The jumbo tran

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UAE Exchange owner BR Shetty acquires Travelex

UAE businessman Dr B R Shetty, the owner of UAE Exchange, together with equity partners associated with Centurion Investments, have entered into an agreement to acquire Travelex Holdings Limited, a leading foreign exchange firm, from funds advis

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UAE Exchange 'in talks to buy Travelex'

Private equity firm Apax is in talks to sell Travelex to the owner of the UAE Exchange, two sources familiar with the matter said on Thursday, suggesting a rethink of its planned 1 billion-pound ($1.7 billion) listing of the foreign exchange com

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Shetty bids for Egypt medical firm

A UAE-based investor has offered to buy the entire equity of Egyptian medical equipment firm Alexandria Medical Services for 100.8 million Egyptian pounds ($18.3 million), the stock exchange said. The investor, Bavaguthu Raghuram Shetty, w

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