Sunday 13 July 2014
 
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UAE stock market surges on Arabtec hopes

Dubai builder Arabtec's shares soared on Wednesday (July 2) ahead of the company's first news conference since last month's management reshuffle, helping markets in the UAE rally strongly for a second

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Arabtec calms markets, says restructuring won't hurt projects

A restructuring of major Dubai construction firm Arabtec will not damage its ability to proceed with its expansion plans, chairman Khadem Abdulla al-Qubaisi said in a statement on Wednesday. Qubaisi issued the statement to the Dub

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Massive lays off at Arabtec after CEO's departure

Dubai contractor Arabtec Holding has laid off a significant number of employees in the wake of chief executive Hasan Ismaik's departure last week, sources with knowledge of the matter told Reuters on Monday. Large numbers of s

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GFH loses appeal against Kuwait regulator monitoring

Kuwait's Capital Markets Authority (CMA) has rejected an appeal by Bahrain-based Gulf Finance House (GFH) against the regulator's decision to monitor its Kuwait-listed shares, the investment firm said on Monday. The CMA de

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Dubai bourse amends data after Arabtec shares plunge

Dubai's main bourse amended ownership data for Dubai construction firm Arabtec on Sunday after initial figures displayed on its website fuelled a 10 percent plunge in the stock, one of the most market's most heavily traded.

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Etisalat scraps plans to buy Maroc Telecom minority shares

Etisalat, which this month bought a 53 per cent stake in Maroc Telecom, has scrapped an offer to buy the remaining shares in the Moroccan firm, the UAE operator said on Friday. In a filing to Abu Dhabi's bourse, Etisalat said

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GFH appeals Kuwait regulator monitoring

Bahrain-based Gulf Finance House (GFH) has appealed a decision by Kuwait's financial regulator to monitor its Kuwait-listed shares after the stock was traded in high volumes ahead of a company disclosure last year. In recent m

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Gates on track to sell all Microsoft shares

Bill Gates, the former chief executive and chairman of Microsoft Corporation, will have no direct ownership in the company he co-founded by mid-2018, if he keeps up his recent share sales. Gates, who started the company that revol

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Saudi buys minority investor shares in SITC

Shareholders in Saudi Integrated Telecom Co (SITC), which is due to be wound up, could be compensated earlier than expected after Saudi Arabia's finance ministry acquired minority investors' shares. Last week, a royal decr

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Aldar considers IPO of property management unit

Abu Dhabi real estate developer Aldar Properties will consider floating its property management unit Khidmah through an initial public offer of shares in coming years, the company said in a statement on Sunday.  

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