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Mergers and acquisitions with Middle Eastern involvement last quarter hit their highest level since early 2008, boosted by outbound investment by wealthy Gulf funds and companies, according to a Thomson Reuters study.
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United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural gas supply contract between its affiliate Crescent Petroleum and Iran.
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Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the stock market and develop the financial industry.