Sunday 31 May 2015
 
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Rakbank acquires 79pc stake in UAE insurer

UAE-based National Bank of Ras Al Khaimah (Rakbank) on Thursday said it had bought a 79.23 per cent stake in Ras Al Khaimah National Insurance after a making a public offer to shareholders. Rakbank, the sixth-largest lender by market va

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Masharie divests 51pc stake in rubber firms for $9.9m

Masharie, the private equity arm of Dubai Investments – a leading investment company listed on DFM, has divested its 51 per cent stake in both International Rubber Company (IRC) and Techno Rubber Company (TRC) for Dh36.5 million ($9.9 mill

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Masharie divests 51pc stake in rubber firms for $9.9m

Masharie, the private equity arm of Dubai Investments – a leading investment company listed on DFM, has divested its 51 per cent stake in both International Rubber Company (IRC) and Techno Rubber Company (TRC) for Dh36.5 million ($9.9 mill

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GS Energy buys stake in Abu Dhabi oil concession for $676m

South Korea's GS Energy said it had agreed to buy a stake worth 743 billion Korean won ($676 million) in a new 40-year onshore oil concession in Abu Dhabi, the latest move by import-dependent Asian countries to secure upstream assets.

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Third Point buys key stake in Yum! Brands

Billionaire investor Daniel Loeb said his hedge fund Third Point has taken a new position in Yum! Brands sending the fast-food restaurant company's stock up nearly seven per cent. Third Point, Loeb's $17.5 billion firm, bo

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Barclays launches $154m fund for UK tech firms growth

Barclays launched a new 100 million pound ($154 million) fund on Friday to lend cash to fast growing British technology firms who may not want to sell an equity stake. Barclays said it will lend up to five million pounds for three

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Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group,

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Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies. G3 Global Grain Group,

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Sudan buys Sawiris stake in Ariab Mining for $100m

Sudan has taken full ownership of Ariab Mining Company after purchasing a 44 per cent stake from Egyptian billionaire Naguib Sawiris in a $100 million deal, said the country's minister of mining. Ahmed Sadiq al-Karouri told Re

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Solidarity unit buys stake in Jordanian insurance firm

First Insurance, Jordan, a subsidiary of Solidarity Group Holding Bahrain, has acquired a controlling stake in Yarmouk Insurance Company in Jordan. Originally founded more than 30 years ago, Yarmouk Insurance is one of the deep-ro

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