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Friday 20 March 2015
Agthia Group eyes Egyptian market as it focuses on expansion |GulfNews.com
Agthia Group eyes Egyptian market as it focuses on expansion |GulfNews.com:
"Abu Dhabi-based food and beverage company Agthia plans to play an active role in Egypt and expand its business as the Egyptian government embarks on a new programme to attract foreign investment and grow its economy.
Chief executive officer of Agthia Group, Iqbal Hamzah told Gulf News that Egypt provides a lot of opportunities.
“The economic and political situation is improving [in Egypt] and the government is encouraging investments, particularly from the UAE. We as an Abu Dhabi-based company see an opportunity in the country,” Hamzah said."
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"Abu Dhabi-based food and beverage company Agthia plans to play an active role in Egypt and expand its business as the Egyptian government embarks on a new programme to attract foreign investment and grow its economy.
Chief executive officer of Agthia Group, Iqbal Hamzah told Gulf News that Egypt provides a lot of opportunities.
“The economic and political situation is improving [in Egypt] and the government is encouraging investments, particularly from the UAE. We as an Abu Dhabi-based company see an opportunity in the country,” Hamzah said."
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Dubai’s Emaar denies rumours that chairman intends to leave | The National
Dubai’s Emaar denies rumours that chairman intends to leave | The National:
"Emaar Properties, Dubai’s largest listed real estate developer, said on Thursday it categorically denied rumours that its chairman Mohamed Alabbar intended to leave the company.
Mr Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.
There was speculation about Mr Alabbar’s role after he participated at an investment conference in Egypt last week in a presentation about the construction of a new $45 billion capital city for the country."
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"Emaar Properties, Dubai’s largest listed real estate developer, said on Thursday it categorically denied rumours that its chairman Mohamed Alabbar intended to leave the company.
Mr Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.
There was speculation about Mr Alabbar’s role after he participated at an investment conference in Egypt last week in a presentation about the construction of a new $45 billion capital city for the country."
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DP World’s profits rise to $675m in 2014 |GulfNews.com
DP World’s profits rise to $675m in 2014 |GulfNews.com:
"Dubai Ports (DP) World, one of the world’s largest port operators, reported on Thursday an 11.7 per cent profit increase for 2014 with throughput up 8.7 per cent across its portfolio.
The port operator made $675 million (Dh2.5 billion) for the year ending December 31, 2014, compared to $604 million a year earlier, it said in a statement to Nasdaq Dubai. Revenue was $3.411 billion for the period, up 11 per cent compared to $3.073 billion in 2013.
“We benefited from increased volumes across our global portfolio, including Embraport in Brazil and London Gate win the UK,” DP World Chairman, Sultan Ahmad Bin Sulayem, later said at press conference."
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"Dubai Ports (DP) World, one of the world’s largest port operators, reported on Thursday an 11.7 per cent profit increase for 2014 with throughput up 8.7 per cent across its portfolio.
The port operator made $675 million (Dh2.5 billion) for the year ending December 31, 2014, compared to $604 million a year earlier, it said in a statement to Nasdaq Dubai. Revenue was $3.411 billion for the period, up 11 per cent compared to $3.073 billion in 2013.
“We benefited from increased volumes across our global portfolio, including Embraport in Brazil and London Gate win the UK,” DP World Chairman, Sultan Ahmad Bin Sulayem, later said at press conference."
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Abraaj, Helios Said to Be Among Possible Bidders for Actis’ EMP - Bloomberg Business
Abraaj, Helios Said to Be Among Possible Bidders for Actis’ EMP - Bloomberg Business:
"Private-equity firms Abraaj Group and Helios Investment Partners are among potential bidders for Actis’s payment services firm Emerging Markets Payments Group, two people with knowledge of the matter said.
A formal bidding process for EMP, which may fetch about $400 million, could start as soon as this month, the people said, asking not to be identified as the information is private. The sale may also draw rivals that want to expand in emerging markets, they said.
Actis, which has about $6.5 billion of funds under management, according to its website, is working with Morgan Stanley to explore a sale of EMP, people with knowledge of the matter said in February."
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"Private-equity firms Abraaj Group and Helios Investment Partners are among potential bidders for Actis’s payment services firm Emerging Markets Payments Group, two people with knowledge of the matter said.
A formal bidding process for EMP, which may fetch about $400 million, could start as soon as this month, the people said, asking not to be identified as the information is private. The sale may also draw rivals that want to expand in emerging markets, they said.
Actis, which has about $6.5 billion of funds under management, according to its website, is working with Morgan Stanley to explore a sale of EMP, people with knowledge of the matter said in February."
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