Business Blog

Creditors will vote in the first quarter of 2019 on whether they agree to AHAB's plan

Dec 13 (Reuters) - MARSEILIA EGYPTIAN GULF REAL ESTATE INVESTMENT MAAL.CA : * UPDATES ON MOU WITH UAE'S AMLAK TO DEVELOP URBAN PROJECT * PROJECT IS EXPECTED TO GENERATE SALES OF EGP 10-12 BILLION * CURRENTLY STUDYING, REVIEWING PARTNERSHIP...

Dec 13 (Reuters) - NOOR FINANCIAL INVESTMENT NOOR.KW : * RECEIVES LETTER OF INTENT FROM A FOREIGN FINANCIAL INSTITUTION TO BUY PART OF ITS STAKE IN PAKISTAN'S MEEZAN BANK * STAKE TO BE PURCHASED 5.96 PERCENT OF MEEZAN BANK'S CAPITAL * SAYS...

Dec 13 (Reuters) - GULF INVESTMENT HOUSE GIHK.KW : * CALLS BOARD MEETING ON DEC 16 TO DISCUSS OFFER MADE BY A FINANCIAL INSTITUTION TO BUY CO'S ENTIRE STAKE IN AN ASSOCIATE CO Source:(https://bit.ly/2Qrc0xE) Further company coverage: GIHK.KW ...

Dec 13 (Reuters) - GULF INVESTMENT HOUSE GIHK.KW : * OGM APPROVES CAPITAL DECREASE TO 6.1 MILLION DINARS FROM 16.4 MILLION DINARS TO DISTINGUISH ACCUMULATED LOSSES AS OF DEC 31, 2017 * OGM APPROVES CAPITAL INCREASE TO 40.6 MILLION DINARS FROM 6.1...

UAE Exchange and U.S. startup Ripple plan to launch cross-border remittances to Asia via blockchain by the first quarter of 2019