Wednesday 27 July 2016
 
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Sahara

Sahara sells 3 hotel stakes to Qatar Investment for $1.6bn

Qatar Investment Authority has agreed to buy Indian diversified group Sahara's stake in three overseas hotels for a whopping $1.6 billion, said a report. According to a report on CNBC-TV18, the agreement to buy stakes in Grosv

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Sahara Centre gives away cars, makeover and shopping spree

Sharjah-based retail mall Sahara Centre recently announced the winner of a makeover and shopping spree with beauty expert Joelle worth Dh40,000 ($10,900), with the prize awarded to lucky recipient Russian national Zarina Alieva. Alieva

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Sahara Centre announces Ramadan and summer promotion

Sahara Centre,a popular retail and leisure destination in Sharjah, UAE, is going all out with a bounty of first-rate prizes at this year’s Ramadan Summer Promotion. The outlet has announced the details of its annual event, w

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India's Sahara Group to sell London hotel to Qatar

Indian diversified group Sahara will soon close an agreement to sell the Grosvenor House hotel in London to Qatar, it told a court in India on Tuesday, said a report. The group is also negotiating a deal with a lender for refinancing th

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Sahara affiliate restarting plant

An affiliate of Sahara Petrochemicals is working on restarting a petrochemical plant after scheduled maintenance, Sahara said on Sunday.   Al Waha Petrochemical had closed its propylene and polypropyl

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Some staff of India's Sahara ‘not paid salaries for months’

Some staff at Indian conglomerate Sahara say they have not been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail. Reuters interviewed 11 employees independently contacted

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Sahara unit signs $522m loan refinancing

Saudi Arabia's Sahara Petrochemical Company said its subsidiary Al Waha Petrochemicals had secured SR1.96 billion ($522 million) from two local lenders to refinance an existing Islamic loan. The previous loan amount wasn't

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Sipchem Q2 net profit jumps 41pc

Saudi International Petrochemical Co (Sipchem) beat analysts' forecasts with rises in profit margins and sales on Sunday as second-quarter net profit jumped 41 per cent. Sipchem made a profit of 244.6 million riyals ($65.3 mil

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No change in Sipchem growth plans: CEO

Saudi International Petrochemical Co (Sipchem) said its performance and growth plans remain on track despite the recent decision to end merger talks with Sahara Petrochemical. The duo said on Sunday they had decided to postpone me

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Sharjah mall to launch spring offers

Sharjah-based Sahara Centre is set to launch its annual Spring Promotion from January 2. The shopping mall will host one month of activities and prizes under this year’s Safari theme, ‘Hunt for bargains like never befo

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