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  • EFG-QInvest tie-up

    HSBC buys at least 5 percent of EFG Hermes

    British bank HSBC has acquired a stake of at least 5 percent in EFG Hermes, the Middle East's biggest home-grown investment bank, Egypt's stock exchange said on Tuesday.

    July 4, 2012 10:23
  • Harrods

    Qatar plans Harrods hotels in Malaysia, Paris

    Qatar to set up Hotel Company to make Harrods brand global; Will build hotels in Kuala Lumpur, New York, Paris, China; About $634 mln to be spent on Kuala Lumpur development

    July 3, 2012 5:26
  • riyadh power plant

    Saudi’s Al Fanar Co signs $800 million Islamic loan

    Al Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a 3 billion riyal ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday.

    July 3, 2012 5:22
  • 200-oil-uae

    UAE looking to open oil sector to more partners

    The United Arab Emirates (UAE) may allow more foreign partners, especially Asian energy companies, to take stakes in more marginal fields, the chief executive of Abu Dhabi Marine Operating Company (ADMA-OPCO) said on Tuesday.

    July 3, 2012 5:18