Monday 29 August 2016
 
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Russian transport regulator starts checks on budget airlines - TASS

Russian state transport agency Rostransnadzor has started checks on budget airlines, TASS news agency reported on Wednesday. Russian investigators are currently examining the flight recorders from a plane operated by Dubai-based budget

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Ahli United gets approval for 40pc Mefic Capital stake buy

Ahli United Bank has received regulatory approval to acquire a 40 per cent stake in Saudi Arabian investment firm Mefic Capital, according to a statement.   No value was given for the transaction, which makes the

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STC sets offer price for Kuwait Viva takeover

Saudi Telecom Company (STC) will offer 1 dinar ($3.30) per share to buy out other shareholders in its Kuwaiti affiliate Viva, the former monopoly said on Monday, amounting to a nine per cent discount to Viva's last closing price.

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STC wins Kuwaiti regulator's nod for Viva takeover

Kuwait's Capital Markets Authority (CMA) has approved Saudi Telecom Company's (STC) plan to acquire all the shares of its Kuwaiti affiliate Viva, the market regulator said on Sunday. CMA approval is pending certain conditi

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Bahrain TRA wins 'Regulator of the Year' award

Bahrain's Telecommunications Regulatory Authority has won the CommsMea 'Regulator of the Year' award at the 10th edition of the annual CommsMea Awards recently.   The award, won by TRA Bahrain for the

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UAE bourse regulator names acting chief

The board of the UAE federal stock market regulator has appointed Obeid al Zaabi as acting chief executive to take over from Abdullah Al Turifi, who stepped down in October, three sources told Reuters on Sunday. He is reform-minde

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UAE issues rules to protect minority shareholders

The United Arab Emirates Securities and Commodities Authority has issued new rules to protect minority shareholders, including regulations covering halts to trading in companies' shares, it said on Sunday. The changes include

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Mobily shares hit 32-month low

Shares in Saudi Arabia's Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily's shares were down

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Mobily shares hit 32-month low

Shares in Saudi Arabia's Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily's shares were down

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Saudi regulator probes Mobily after earnings errors

Saudi Arabia's bourse regulator launched an investigation into Mobily on Monday after the telecoms firm restated a year and a half of its earnings, months before the kingdom is due to open its stock market to direct foreign investment.

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