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DUBAI: Arabtec Holding PJSC plans to raise 1.5 billion dirhams (US$408mil) from a rights issue after the United Arab Emirates’ biggest listed construction company posted its second yearly loss. The shares slumped, being the biggest contributor to drop of Dubai’s main index.
HONG KONG: China’s state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader’s global supply chain.
PETALING JAYA: The petroleum tanker segment of MISC Bhd, while still in an oversupply situation, could be on the cusp of a turnaround as new vessels entering the market are expected to slow down, said RHB Research in a report.
KLANG: The area around an apartment in Shah Alam near here may have been exposed to radiation after thieves dumped parts of two radioactive inspection tools there.
BUMI Armada Bhd can expect incoming cashflow from its floating production, storage and offloading (FPSO) unit Olombendo, by this week as oil production from project offshore Angola will commence ahead of initial estimates.