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Companies

Dubai’s Aramex aiming for two acquisitions in 2015
Dubai-listed logistics firm Aramex is targeting at least two acquisitions in 2015 as part of the company growth strategy, its founder and vice-chairman said on Monday.
Damac and Paramount to expand
The new agreement is a major expansion on the current deal which has already seen four different projects announced in Dubai and Riyadh.
Arabtec in huge Egypt project
In March, Arabtec announced it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments. Arabtec expects soon to conclude the final agreement with Egyptian authorities to begin construction.
Sprint cuts 452 jobs at its Kansas headquarters
The company said earlier this month in a filing with the Securities and Exchange Commission that it was cutting an unspecified number of jobs to better compete with AT&T and Verizon.
Indian realtor DLF appeals trading ban
The order accused the New Delhi-based company of “deliberate suppression of important information” in a huge initial public offering in 2007.
CBD wins at Pan Arab Web Awards
The website if Commercial Bank of Dubai, or CBD, was awarded the “2014 Strategic Web Award” in the banking category by the Pan Arab Web Awards Academy.
Facebook may become top video sharing site: Report
An analysis based on 20,000 Facebook pages and 180,000 posts over one year found that Facebook is now a real threat to YouTube in terms of video consumption.
8th Annual CFO Strategies Forum to be held in Dubai
The first ever Middle East CFO Strategies Index will be announced at the forum, which will give unique insights into Mena CFO methodologies.
Citigroup pulls consumer banking from 11 markets, posts higher profit in Q3
Citigroup said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big US banks looks to shrink its way to better profits.
Almarai’s Q3 profit rises 13.4%
Almarai made a profit of 539.4 million riyals ($143.8 million) in the three months to September 30, up from 475.6 million riyals in the year-earlier period, according to a statement to Riyadh’s bourse.
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