Wednesday 7 October 2015

Khaleeji Commercial plans to reduce paid up capital

Shareholders of Khaleeji Commercial Bank (KHCB) have approved reducing the bank's paid up capital by 13.36 per cent, from BD115.4 ($303.8 million) to BD100 million through decreasing the number of shares from 1.1 billion to 1 billion shares,


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


Trust Re increases paid-up capital to $170m

Trust International Insurance and Reinsurance Company (Trust Re) has increased in its paid-up capital, from $140 million to $170 million, which reflects the doubling of its authorised capital to $200 million in June last year. The


Du launches ‘data manager’ app

UAE's telecom operator du has launched the new ‘Data Manager’ app, for post-paid customers to stay on top of their data usage. The app, available in English and Arabic for iOS and Android devices, allows customers

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