Friday 21 November 2014
 
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Mezzan applies for listing on Kuwait Stock Exchange

Mezzan Holding has filed an application with Kuwait’s Capital Markets Authority to list on the Kuwait Stock Exchange (KSE). The company plans to list on the official bourse following a secondary offering of 88.95 million sha

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Foreign investors buy $309m worth shares on DFM

Foreign investors purchased shares worth Dh1.14 billion ($309.5 million) on the Dubai Financial Market (DFM) from August 17 to 21, while the value of stocks they sold was Dh1.08 billion, said a report. The net foreign investment d

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Etisalat Egypt unit plans stock listing

United Arab Emirates telecommunications operator Etisalat said on Wednesday that its Egyptian business was considering a listing on the Egyptian stock exchange, but no decision had been taken yet. Local media reports had said earl

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US economy back on track with strong Q2 rebound

The US economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing. Gross domestic product expanded at a 4.0 per cent annua

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Bahrain plans crackdown on fish smuggling

A new crackdown on fish smuggling has been launched amid growing fears of depleting stocks in Bahrain.   The Municipalities and Urban Planning Affairs Ministry wants to introduce tougher penalties, saying the exi

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New lab to help boost Bahrain's fish stocks

China is helping Bahrain set up a new laboratory that will support efforts to replenish the nation's depleted fish stocks.   It will analyse fish diseases and water samples once it is fully operational at its

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Etisalat lists $7bn bonds on Irish Stock Exchange

Emirates Telecommunications Corporation (Etisalat), a leading telecoms operator in the Middle East, Asia and Africa, has completed the listing of its $7 billion Global Medium Term Note (GMTN) programme on the Irish Stock Exchange (ISE). 

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UAE, Qatar prepare for passive fund inflows

Stock markets in Dubai, Abu Dhabi and Qatar will see relatively large one-off inflows of money at the end of May as funds tracking the MSCI indexes adjust their positions in line with updated benchmarks. MSCI will move stocks from

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Saudi barley reserves at 4m tonnes

Saudi Arabia, one of the world's largest barley importers, has a strategic reserve of four million tonnes to last the kingdom for around eight months, a Gulf-based industry source with knowledge of the matter told Reuters. &nb

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ADCB to buy back 3pc of its shares

Abu Dhabi Commercial Bank (ADCB) plans to buy back a further three per cent of its shares this year, as it seeks to enhance its stock value, its chief executive said.   The emirate's third-largest lender by m

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