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Qatar - Al Meera cancels MoU with Regency Group, Aramex  Join our daily free Newsletter

MENAFN - The Peninsula - 06/02/2014
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(MENAFN - The Peninsula) Al Meera Consumer Goods yesterday announced the memorandum of understanding (MoU) that it signed with both Regency Group Holding and Aramex International Courier Express-Qatar stands cancelled. The MoU was signed in December 2012 for the purposes of entering into a partnership or joint venture with the parties to build, operate, promote and partner in a logistics facility and services business in Qatar



Consolidated volumes slip 3.8pc: DP Worl



DUBAI: Dubai's DP World, the world's third biggest port operator, said yesterday its consolidated container volumes slipped 3.8 percent in 2013 after the firm sold one of its Hong Kong assets, but rose 0.7 percent on a gross like-for-like basis



DP World, one of the more profitable assets of Dubai World, said terminals controlled by the company handled 26 million TEU - or twenty-foot equivalent container units - during the year. This compares to 27.1 million TEU in the year-earlier period



But gross volumes - which include more terminals - rose slightly in like-for-like terms, DP World said. The port operator has been selling assets globally, exiting markets where it does not have a significant presence and seeking to redeploy funds in fast-growing markets



Lazard expands Middle East asset managemen



DUBAI: Lazard Asset Management (LAM) said it would expand its Middle East operations by hiring the former regional asset management team of ING Group NV, which resigned from the Dutch firm in Dubai earlier this week



A subsidiary of US-based Lazard, LAM will focus on equities in the Middle East and North Africa and frontier markets with the Dubai-based team of six



Farah Foustok will be managing director and senior executive officer at LAM's Dubai office, while Fadi Al Said will be director and portfolio manager, Lazard said



The team resigned en masse on Monday from ING Investments Middle East, and the Dutch company, still struggling to pay back the state after a 2008 bailout, then said it was shutting its regional asset management operations.




 






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(MENAFN - Kuwait News Agency (KUNA)) His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received, at Seif Palace on Wednesday, former National Assembly Speaker Jassem ...

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(MENAFN - Kuwait News Agency (KUNA)) The price of Kuwaiti crude oil went up 87 cents to USD 105.65 per barrel (pb) on Tuesday against USD 104.78 pb the day before, the Kuwait Petroleum Corporation ...

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(MENAFN - Kuwait News Agency (KUNA)) Kuwait is investing over USD 17 billion (KD 4.6 billion) to develop oil refineries as part of the "environmental fuel" project to be launched in 2018.The project, ...

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(MENAFN) Saudi Arabia's Public Investment Fund (PIF) plans to invest in establishing new companies of several sectors, mainly housing, petrochemicals, and technology as part of its plan to expand ...

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(MENAFN - Kuwait News Agency (KUNA)) Arab Inter-Parliamentary Union (AIPU) chief Marzouq Al-Ghanim called on international parliaments, particularly those from Security Council permanent member ...

 Jul 24 2014 - Kuwait- His Highness the PM receives "Journey of Hope" membersKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received at Seif Palace Wednesday Head of the "Journey of Hope", Advisor at the ...

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