Friday 26 December 2014
 
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Etihad closes Alitalia SAI deal

UAE's Etihad Airways and Italian carrier Alitalia have completed all formalities related to the transfer of air transport operations from the old Alitalia Compagnia Aerea Italiana (CAI) to the new Alitalia Società Aerea Italiana (SAI)

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Saudi's MMG given go-ahead to sell suspended shares

The Saudi bourse has given permission to construction firm Mohammad Al-Mojil Group (MMG) to have its suspended shares traded over the counter, it said on Tuesday. Shares in the company have not traded since July 2012, when they we

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Saudi's MMG given go-ahead to sell suspended shares

The Saudi bourse has given permission to construction firm Mohammad Al-Mojil Group (MMG) to have its suspended shares traded over the counter, it said on Tuesday. Shares in the company have not traded since July 2012, when they we

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BHB-DFM sign accord for swift transfer of shares

Bahrain Bourse (BHB) has signed a memorandum of understanding (MoU) with Dubai Financial Market (DFM) to introduce an electronic system for swift transfer of shares. This represents a significant advance in the method of share tra

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TruckOman gives free shares to employees

Truck Oman, a leading oil and gas logistics firm in the sultanate primarily focusing in specialist logistics, has awarded its group employees free shares donated by its main shareholder Al Yousef Group in a first step towards transforming the co

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UAE central bank studying new rules for bank loans

The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares, a senior official said on Tuesday. "The central bank board is studying new regulations for credit against shares,

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Qalaa to issue $560m shares by May for restructuring

Egypt's Qalaa Holding will issue shares worth four billion Egyptian pounds ($560 million) by May next year to advance a major restructuring of the loss-making investment fund, a company official said. Qalaa, one of Egypt's

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Kuwait to sell Dow Chemical's petchem venture shares to public

Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical plans to sell off, state news agency Kuna quoted a senior Kuwaiti executive as saying.  

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Ahli United to convert IFC debt into shares

Ahli United Bank, Bahrain's largest lender, received a request from the International Finance Corporation (IFC) to convert subordinated debt to shares in the bank, it said in a statement on Sunday. The bank did not disclose ho

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Shares in biggest Saudi bank jump 10pc on listing

Shares in Saudi Arabia's biggest lender, National Commercial Bank, jumped their daily 10 per cent limit upon listing on Wednesday after a $6 billion IPO, the largest ever in the Arab world and the second-biggest globally this year.

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