Monday 30 May 2016
 
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Batelco quits Malta GO stake deal talks

Bahrain Telecommunications Co (Batelco) is no longer in talks to buy Maltese telecoms company GO, the Bahraini firm said on Tuesday. Last week, Batelco announced it had submitted a bid for GO, which is 60 per cent owned by Emirate

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Dubai Group selling Shuaa stake, other assets in 2016

Dubai Group is in the process of selling its stake in Shuaa Capital and is also obliged to divest its holdings in EFG Hermes and Bank Muscat this year, the chief executive of Dubai Group's parent firm said on Tuesday. Asked ab

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Qatar Airways boosts stake in BA owner

Qatar Airways said on Tuesday it had raised its stake in the British Airways-owner, International Consolidated Airlines Group (IAG), to 15.01 per cent and said it may consider acquiring more of the firm over time. In April, the fi

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Emaar Industries buys into Leaders Fort Contracting

Emaar Industries & Investments (EII), a member of Emaar Properties, has acquired a significant stake in the UAE-based privately owned Leaders Fort Contracting (LFC), a leader in specialised construction. EII already has a sign

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Nissan, Mitsubishi Motors in capital tie-up talks

Nissan Motor Co and Mitsubishi Motors Corp on Thursday confirmed they are discussing a possible capital tie-up, after sources said Nissan is in advanced talks to take a roughly one-third stake in its scandal-hit rival. "Nissa

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Chinese consortium offers $801m for AC Milan

A Chinese consortium has offered to buy AC Milan soccer club, one of former Italian premier Silvio Berlusconi's most cherished assets, two sources familiar with the matter said. The offer values the club the four-times prime m

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Aramco studying offers for Indian oil refinery stakes

Saudi Aramco is considering proposals to buy stakes in Indian oil refining and petrochemical projects, India's Oil minister Dharmendra Pradhan said, as the world's biggest oil exporter seeks outlets for its oil.  

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Aramco studying offers for Indian oil refinery stakes

Saudi Aramco is considering proposals to buy stakes in Indian oil refining and petrochemical projects, India's Oil minister Dharmendra Pradhan said, as the world's biggest oil exporter seeks outlets for its oil.  

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Qalaa unit sells two Egypt-based firms

Qalaa Holdings, an African leader in energy and infrastructure, has announced that its business unit Gozour has signed a sale and purchase agreement (SPA) to divest its entire holding in milk and juice producer Enjoy and El-Aguizy International

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Amanat buys over 16pc stake in Madaares

Amanat Holdings, a top healthcare and education company, has acquired a 16.02 per cent stake in Madaares, a leading provider of K-12 primary and secondary education in the UAE, for Dh139.4 million ($37.95 million). Through acquiri

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