Monday 30 March 2015
 
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‘UniCredit bonds not an exit from bank investment’: Aabar

Abu Dhabi fund Aabar Investments said its sale of €2 billion ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances. Aabar

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HSBC unit raises $205m in Malaysia sukuk sale

The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205 million) from the sale of a five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported. The sale is the third tranche of the le

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Aldar in Abu Dhabi land sale success

Aldar Properties, a leading developer based in Abu Dhabi, UAE, said it has successfully completed the sale in just one week of all 281 land plots at Al Merief, a master-planned residential community for UAE nationals located in the fast gro

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HDPE products sale to grow 4.3pc to reach $85bn

The sale of high-density polyethylene (HDPE)-based range of products including milk bottles, water pipes and films, is set to grow 4.2 per cent per annum to reach $85.8 billion by 2022, according to a recent research. Leading mark

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Saudi prince's posh NY apartment put up for sale

A luxurious 10,500-sq-ft New York apartment owned by a Saudi prince which is furnished with bullet-proof panic rooms and a sushi island bar, has been put on the market for $48.5 million down from the $75 million price it was listed for in 2012,

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Motorola exploring possible sale

Walkie-talkie and radio systems maker Motorola Solutions is looking into a possible sale, Bloomberg reported, citing people familiar with the matter. Potential buyers could include private-equity firms and defense contractors incl

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Saudi supermarket chain Al Raya put up for sale

A controlling stake in Saudi Arabian supermarket chain Al Raya for Foodstuff Company has been put up for sale by its private equity owners Levant Capital and The Rohatyn Group (TRG), sources aware of the matter told Reuters on Wednesday.

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Al Jaber confirms CEO exit, silent on heavy lift sale

Abu Dhabi-based Al Jaber Group confirmed its chief executive, David Nelson, had left the group, although it declined to comment on sources telling Reuters the conglomerate had also scrapped plans to sell its heavy lift unit. The g

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SALE International backs SME growth, Omanisation

SALE International Oman, a leading telecom distributor in the Sultanate, continues to promote the growth of small and medium enterprises (SME) while maintaining 70 per cent Omanisation. The company, which was recently appointed as

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Technip sells diving assets in Gulf of Mexico

Technip, a leader in project management, engineering and construction for the energy industry, has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore. The sale reinforces Technip’s strategy t

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