Business Blog

Egyptian Beltone Financial buys 60% of U.S. brokerage

Beltone Financial, Egypt's largest asset manager, said on Tuesday it had acquired 60 percent of New York-based brokerage firm Auerbach Grayson.

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UAE's ADNOC to consolidate two key offshore oil firms

Abu Dhabi National Oil Co (ADNOC) planned to consolidate the operations of two of its offshore oil companies.

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Dubai's Aramex sets up e-commerce co. with Australia Post

Aramex owns 60 percent of the Singapore-based venture while Australia Post has 40 percent.

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Qatar exchange to introduce margin trading this week

Qatar exchange to introduce margin trading this week.

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Qatari firm acquires 9.75% stake in Phoenix Power

Qatar Electricity and Water Company has transferred stake to Nebras Power.

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Kuwait bourse to introduce new stock swing limit

Kuwait's stock exchange will introduce a limit of 20 percent for the maximum daily rise or fall of individual stocks by Nov.

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