Monday 3 August 2015
 
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IHG to sell InterContinental Hong Kong at $939m

InterContinental Hotels Group said it had agreed to sell InterContinental Hong Kong to a consortium of investors for $938 million and may return some of the proceeds to shareholders. IHG, one of the world's largest hoteliers,

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US move to lift arms sale hold ‘will boost Bahrain ties’

The US decision to lift the hold on the sale of military items to Bahrain’s armed forces will ‘enhance ongoing security partnership as the kingdom continues to counter the mounting threat posed by terrorism and extremism in the regio

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HSBC Oman in deal to sell Pakistan business

HSBC Bank Oman has agreed to sell its banking business in Pakistan to Meezan Bank, a sharia-compliant Pakistani lender, it said on Sunday. The deal, which is subject to regulatory and other approvals, is expected to be completed d

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Kuoni Group sells European tour business

Kuoni Group, a Swiss tourism company, has agreed to sell its entire European tour operating business to German-based REWE Group. REWE Group is acquiring the right to use the Kuoni brand in Switzerland and the UK, while Kuoni Group remai

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Takaful signs new Copart deal for damaged cars sale

Takaful International Company and Copart Bahrain, a company specialising in electronic automotive auction sale, have signed an agreement to regulate the sale of damaged cars from traffic accidents through an auction. The agreement

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Takaful signs new Copart deal for damaged cars sale

Takaful International Company and Copart Bahrain, a company specialising in electronic automotive auction sale, have signed an agreement to regulate the sale of damaged cars from traffic accidents through an auction. The agreement

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Strong US retail sales boost growth outlook

US retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. While other data on Thu

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Arcapita sells key US real estate portfolio for $640m

Bahrain-based global investment manager Arcapita has announced the successful sale of a real estate portfolio of senior care communities with over 16 facilities and approximately 4,000 residential units located across the US. The

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Arcapita sells key US real estate portfolio for $640m

Bahrain-based global investment manager Arcapita has announced the successful sale of a real estate portfolio of senior care communities with over 16 facilities and approximately 4,000 residential units located across the US. The

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Bloom to offer furnished hotel apartments for sale

Abu Dhabi-based real estate developer Bloom Properties, a National Holding company, is set to offer furnished hotel apartments for sale at its Park View mixed-use development set to take shape in the university neighbourhood of Saadiyat in Abu D

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