Saturday 23 May 2015
 
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Renaissance

Renaissance raises $117m for Duqm financing

Oman’s Renaissance, a leading business group, has raised the RO45.3 million ($117 million) of debt required for the financial close of its RO75.5 million ($182.6 million) Duqm accommodation project. The Duqm project has gene

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Renaissance sees Oman residential project on track

Special Economic Zone Authority at Duqm (Sezad) said its joint initiative with Oman-based Renaissance Services for blue-collar workers of contracting firms, will be ready by middle of next year, said a report. Duqm Permanent Accom

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Renaissance awards Duqm housing contracts

Oman-based Renaissance Services, a multinational company, has awarded two main construction packages to S&T and Al Hajiry for the Duqm permanent accommodation for contractors (PAC) project in Oman. With RO100 million ($259 million)

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Renaissance to revive listing plans for Topaz arm

Oman's Renaissance Services has revived plans to list its oilfield services business Topaz, more than three years after pulling a share sale in London, sources said on Thursday. Dubai-based Topaz Energy and Marine, one of the bigg

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StanChart unit buys into UAE’s Topaz Energy

Standard Chartered Private Equity (SCPE) announced today (August 20) the acquisition of a minority stake in UAE-based Topaz Energy and Marine (Bermuda), a leading offshore support vessel operator, through an equity investment of $75 million.

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Renaissance unit prices $350m debut bond

Topaz Marine, a unit of Oman's Renaissance Services, priced its $350 million debut bond, a statement from the parent firm said on Sunday, in a rare high-yield transaction from the Gulf  region. The five-year offering carr

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Oman's Renaissance unit to price $350m bond

Topaz Marine, a unit of Oman's Renaissance Services, is expected to price its debut $350 million bond on Friday after releasing initial price guidance for the debt offering, a document from lead managers said. The bond, which

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Renaissance unit hires banks for $350m bond

Topaz Energy and Marine, a subsidiary of Oman's Renaissance Services, has hired Goldman Sachs, HSBC and Standard Chartered to arrange a five-year $350 million bond offering, sources close to the deal said on Monday. Goldman Sa

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5 new five-star hotels set to open in Bahrain

Hundreds of millions of dinars are being invested in Bahrain's tourism industry with five new luxury hotels set to open in the next six months, a report said. Adding to the 14 already in existence, they are all expected to be

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Renaissance sells unit to UK Interserve for $46m

Oman's Renaissance Services has sold its oilfield maintenance services unit Topaz Oil and Gas, based in the United Arab Emirates, to Interserve for $46 million, a bourse filing said on Sunday. The UK-based support services and

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