Business | Investment
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Sunday May 25
Pfizer to throw in towel on its £69b takeover bid for AstraZeneca
But its advisers insist its hopes to take over the firm are not finished and it will `find a way’ to seal a deal
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Sunday May 25
India moves to lure foreign capital
Earlier this month India’s Ministry of Finance announced easing of rules for non-listed Indian companies wanting to issue depositary receipts
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Friday May 23
Dr Shetty and Centurion to acquire Travelex
Proposed acquisition will be effected through BRS Ventures & Holdings Limited
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Thursday May 22
China announces restricted capital account opening steps in Shanghai FTZ
Measures allow special privileged accounts that can be used to conduct transactions only in the Shanghai Free Trade Zone
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Wednesday May 21
Focus on Sharjah as key investment hub at Paris conference
Shurooq participates in a two-day conference on the MENA region as a new source of opportunities for French SMEs in Paris
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Wednesday May 21
Google eyeing up to $30b in foreign buyouts
Google is amassing cash overseas to help finance a foreign shopping spree
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Thursday May 15
Shurooq attends WAIPA World Investment Conference
Shurooq held a series of business meetings with businessmen and representatives of the participant investment agencies
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Thursday May 15
AerCap acquires International Lease Finance Corporation from AIG for $7.6bn
Abu Dhabi’s Waha Capital is a major shareholder in AerCap
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Thursday May 15
Good cancer drug data helps AstraZeneca in Pfizer fight
Cancer drugs form central plank of company’s pipeline
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Thursday May 15
UK’s Dixons and Carphone agree on £3.8b retail merger
Venture to create a powerful pan-European mobile phone and electricals group with about 2,900 stores
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Tuesday May 13
Waha Capital posts Dh152m in Q1 net profit
Net profit marks 78% increase on Q1 2013 owing to income generated from the its portfolio of diversified investments
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Tuesday May 13
Dubai’s ICD sets initial price guidance on benchmark bond offering
The state-owned fund is expected to complete the sale on Wednesday, and the dollar-denominated transaction will be benchmark-sized
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Sunday May 11
Dubai Investments International eyes expansion
Wholly-owned subsidiary of Dubai Investments (DI) says it is currently tapping into business opportunities in Africa and Asia
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Friday May 9
Mohammad endorses hotel expansion projects worth Dh8b
The expansions will see the addition of 4,300 hotel rooms over the next three years
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Friday May 9
Facebook plans campaign to ‘friend’ small business
The firm needs to get more small business advertising to stay competitive with Google
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Thursday May 8
Australian state approves mega India-backed coal mine
Australian state government approved a massive A$16.5b mine development, saying it could be among the largest in the world
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Wednesday May 7
UAE investors seek exposure in India real estate
Property funds generate growing interest from affluent clients in a market with growth potential
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Wednesday May 7
Kish Island to channel investment into Iran
Foreign investment programmes could be tried on the island before being replicated in mainland Iran
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Tuesday May 6
UAE launched Eu 7B project in Greece
The project is expected to offer more than 50,000 jobs
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Tuesday May 6
Buffett defends how he runs Berkshire Hathaway
The 83-year-old Buffett says he doesn’t intend to retire
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Sunday May 4
Dubai Investments’ net profit surges 26% to Dh265m in first quarter
Consolidated total income stands at Dh738m
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Sunday May 4
Singapore’s Temasek tweaks global portfolio
Country’s investment giant moving away from its finance-based comfort zone into sectors such as retail and African resources
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Friday May 2
AstraZeneca rejects Pfizer’s raised bid of $106b
AstraZeneca board rejects sweetened 50 pounds/share offer; Says offer “substantially undervalues” the company
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Friday May 2
Berkshire Hathaway unit buying AltaLink for $2.92b
The deal needs regulatory approval from the Alberta Utilities Commission; regulatory process expected to close later this year or in early 2015
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Thursday May 1
China’s Alibaba said to be in talks for Alipay stake
Company preparing hotly anticipated IPO
Business Editor's choice
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Qatar Airways to launch Mexico City cargo route
Expanding into Latin America following the launch of twice weekly cargo service to Mexico City from June 11
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Airbus warns of more defence industry job cuts
Company cutting about 2,000 jobs from its defence and space division in Germany in a restructuring operation
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Dubai Chamber, Customs seek closer ties
Officials from two entities meet to discuss cooperation covering ATA Carnet issuance
