Saturday 18 April 2015
 
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Iraq to review oil contracts with global firms

Iraq has said that it is reviewing its oil production agreements with international firms because falling crude prices meant that the financial cost of existing service contracts were too high to bear. Oil Minister Adel Abdel Mehd

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$5bn deals signed at Abu Dhabi Idex

Deals worth Dh18.328 billion ($5 billion) were signed at the International Defence Exhibition and Conference (Idex 2015), held in Abu Dhabi, UAE. There were 33 contracts signed during the event, which also included the third Naval

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Global M&A hits seven-year high at $3.27 trillion

Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007. Global

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Indonesia to sign sales, refinery agreements with CNOOC, Saudi Aramco

Indonesia expects to sign agreements with China's CNOOC, Saudi Aramco and two other oil companies next week covering direct oil sales and refinery investments in Southeast Asia's largest economy, a senior Pertamina official said.

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$5.6m retail deals signed at Al Fares Dubai

More than €4.5 million ($5.6 million) worth of retail deals were signed at Al Fares 2014, an international equine trade fair, which recently concluded in Dubai, UAE. More than 5,000 trade visitors from the equine industry vis

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BP, CNPC raise shares in Iraq's Rumaila oilfield

A revised contract signed last week by British oil major BP and China's CNPC for Iraq's Rumaila oilfield has raised both companies' stakes in a joint venture formed to develop the field, a senior Iraqi oil official said.

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Mena IPOs raise $2.4bn in H1, up 14pc

The Mena IPO market recorded a total of 16 deals raising $2.4 billion in the first six months of the year, up 14 per cent for both volume and proceeds on the same period last year, said a report.

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Airbus-Boeing close to $100bn air show deals

Airbus and Boeing climbed close to the $100 billion mark for plane deals at the Farnborough Airshow yesterday (July 16), demonstrating healthy demand for new passenger jets despite concerns raised by their already record full order books.

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Global M&A hit seven-year high, up 75pc

Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years.

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Etisalat launches special Wednesdays offer

UAE's top telecom services operator Etisalat has launched a special package for its customers which offers them exclusive deals on movies, dining and fun activities every Wednesday. Announcing the launch of special ‘Etis

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