Thursday 30 July 2015
 
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ownership

Drake & Scull boosts GCC ownership limit to 100pc

Drake & Scull, a leading engineering and construction company based in Dubai, UAE, in a major move has increased the ownership limit for nationals from the Gulf region to 100 per cent from 49 per cent. The move was effective from Th

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Etisalat to permit foreign share ownership

Etisalat, the UAE's former telecoms monopoly, said on Monday restrictions on who could own its shares would be partly lifted, opening the Gulf state's largest stock to foreign and institutional ownership for the first time.

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UAE to allow 100pc foreign ownership of firms

The United Arab Emirates is at an advanced stage of drafting a foreign investment law to allow 100 per cent foreign ownership of businesses in some sectors, the country's economy minister said at a conference on Monday. Sultan

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UAE to allow 100pc foreign ownership of firms

The United Arab Emirates is at an advanced stage of drafting a foreign investment law to allow 100 per cent foreign ownership of businesses in some sectors, the country's economy minister said at a conference on Monday. Sultan

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QFC plans key changes to ownership rules

The regulatory authority of the Qatar Financial Centre (QFC) said it will start implementing key changes in its rules with regard to significant ownership positions in QFC-authorised firms. The move comes following the approval by

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RAK Prop offers full ownership packages

RAK Properties, the biggest property developer in Ras Al Khaimah, has launched sales packages for customers allowing them full ownership of units in Mina Al Arab and Julfar Towers in the emirate.

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Mobinil eyes share listing to meet rules

Egyptian cellphone operator Mobinil would prefer to list more shares on Cairo's stock exchange to meet new ownership rules than sell a bigger stake to a local company, its CEO said on Monday. France Telecom owns 94 per cent of

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Stock ownership: Kuwait gives funds until June

Kuwait's financial watchdog is giving investment funds until the end of June to comply with new rules on the ownership of individual financial securities. The country is home to a large number of investment firms which have been hard hit b

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UAE companies law reforms 'may disappoint'

Long-awaited legislation that is meant to liberalise the economy of the United Arab Emirates may bring only modest changes, because of strong opposition from some Emiratis who fear they could lose out to foreigners, say analysts. In Decemb

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Qatar expat ownership limit remains

Foreign ownership limits in Qatar, a key issue in the Gulf state's potential upgrade by index compiler MSCI, are likely to remain at 25 per cent through June, the bourse's chief executive officer said yesterday. "I wouldn't expect news on

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