Tuesday 23 December 2014
 
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Technip sells diving assets in Gulf of Mexico

Technip, a leader in project management, engineering and construction for the energy industry, has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore. The sale reinforces Technip’s strategy t

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Doha Bank shareholders approve India assets buy

Shareholders of Doha Bank have approved the purchase of the Indian assets of HSBC Bank Oman after an extraordinary meeting, the Qatari bank said in a statement on Monday. HSBC Bank Oman, an affiliate of HSBC Holding, said in April

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Shuaa Capital Q3 net profit jumps six-fold

Shuaa Capital, a Dubai-based financial services provider, has posted a net profit of Dh26.2 million ($7.13 million) during the third quarter of the year as against Dh3.6 million ($978 million) during the same period of 2013, marking a six-fold i

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Investcorp eyes 30pc rise in key assets

Investcorp is targeting a more than 30 per cent hike in its assets under management (AUMs) in the next five years as Middle Eastern investors increasingly see private equity as a way to diversify out of traditional investment routes.

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Property beats gold as preferred asset in UAE

Property is now a more popular investment asset class than gold for UAE residents, a report said, elaborating that property makes up 53 per cent of investment portfolios, compared with 43 per cent holding traditional asset gold. T

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Investcorp buys US real estate assets for $250m

Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the US for around $250 million. The purchases, done in separat

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UK court freezes assets of ex-GFH unit official

A British national being sued for $5 million by a subsidiary of Bahrain-based Gulf Finance House (GFH) has had his assets frozen by UK courts. Former GFH Capital deputy chief executive David Haigh is accused of a breach of contract and

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UK court freezes assets of ex-GFH unit official

A British national being sued for $5 million by a subsidiary of Bahrain-based Gulf Finance House (GFH) has had his assets frozen by UK courts. Former GFH Capital deputy chief executive David Haigh is accused of a breach of contract and

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Takaud set to highlight assets plan

Bahrain-based Takaud, the specialist savings and pensions provider for the Mena region, will be sharing insights into its particular approach to allocating assets at a key upcoming event. The company's acting chief executive Eric Va

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As some assets take a hit, investors fear worse is to come

World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road. Concerns that Portugal'

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