Thursday 31 July 2014
 
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Beltone Financial considers share split

Egyptian investment bank Beltone Financial will discuss the possibility of splitting its shares on Monday, it said in a statement to the Cairo stock exchange.   Last week Beltone said that, together with a group

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Marka to open 100 fashion stores, restaurants

The company planning the first initial share offering on Dubai's main stock market for five years says it will spend the proceeds on opening more than 100 fashion stores, restaurants and cafes across the Gulf region over the next five years.

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Insurance House wins approval for share buyback

Abu Dhabi-based Insurance House said it had secured the approval of the Securities and Commodities Authority (SCA) to launch a 10 per cent share buyback program. The publicly-listed company on the Abu Dhabi Securities Market said

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Omantel share sale subscribed 1.99 times

The first part of the Oman government's sale of a 19 per cent stake in telecommunications operator Omantel, part of efforts to revive its privatisation programme, was 1.99 times subscribed, the company said on Sunday.  

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IHG shares fall on lack of cash payout, higher costs

Shares in InterContinental Hotels Group fell on Tuesday as a failure to announce a return of cash to shareholders and higher-than-expected costs for 2014 eclipsed a 10 per cent rise in 2013 profit. The firm, which declined to comm

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DHL, Etihad Cargo in capacity sharing deal

DHL, a leading express and logistics provider, has partnered with Etihad Cargo to share capacity on its new five times a week freighter service operating through Abu Dhabi. The new cargo services use DHL’s Airbus A300-600 fr

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Lenovo sees 56pc market growth in UAE

Lenovo, a leading computer hardware and electronics company, has recorded a market growth of 56.4 per cent year-on-year (YOY) in 2013 in the UAE, said a report. The company ended the quarter with a record 22.4 per cent in total PC

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Safco to pay $1.6 per share cash dividend

The board of Saudi Arabia Fertilizers Co (Safco) has recommended the firm pay a cash dividend of six riyals ($1.60) per share for the second half of 2013, a bourse filing said on Tuesday. This is in line with the dividend paid for

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Citadel Capital to launch $526m share issue

Shareholders of Citadel Capital, a leading investment company in Africa and the Middle East, approved the launch of an EGP3.64 billion ($526.9 million) share issuance to increase the capital at an extraordinary general meeting held recently in C

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Qatar mulls change in share acquisition rules

The Qatar Financial Centre Regulatory Authority is proposing to streamline the process for acquiring stakes in financial companies, the authority said in a statement on Tuesday.   Currently even small percentage

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