Yemen’s Mukalla Iron and Steel intends to start hot trials at Hadramout Iron and Steel plant in June 2012. Commercial production of 8-32 mm rebar, 10-50 mm wire rod and…
Gulf News
Oman oil output up, exports fall in H1
Oman’s crude oil production rose 3 percent in the first six months of 2011 but exports fell by 1.8 percent compared to the first half of 2010, finance ministry data…
Aman launches insurance schemes for NRIs
Dubai Islamic Insurance and Reinsurance Company (Aman Insurance), a leading Islamic insurance provider, has launched two new medical insurance products for the booming non-resident Indian (NRI) population. The new schemes…
Emaar Retail inks Samsung branding deal
Emaar Retail, a premier leisure and entertainment provider in the region, has signed a branding agreement aimed at offering a range of innovative brand building platforms for Samsung Electronics. Emaar…
ADIA revamps external equities unit
The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has restructured its external equities department, separating indexed funds from active funds as part of a…
GCC’s FM market seen at $8 billion in 2 years
The facilities management (FM) sector in the region is poised for huge growth, with the GCC market alone projected to reach a value of $8 billion by 2013, said the…
Dubai hotel occupancy up 12% in June
Dubai’s hotels witnessed a significant increase in occupancy of 12 per cent to reach 70 per cent during the month of June despite increased supply, said a report. The city’s…
Mubadala Aerospace in link-up with Hamilton Sundstrand
Mubadala Aerospace has signed another licensing deal with a major aviation manufacturer to help realize Abu Dhabi’s ambitions of becoming a major player in aeroplane maintenance. The group, a unit…
Qatar Investment Authority to remain long-term investor: AgBank
The Qatar Investment Authority (QIA) will remain a long-term investor in Agricultural Bank of China Ltd even after its lock-up period expires, a senior executive at the Chinese lender has…
Sur IPP to be based on superior power generation technology
Oman Power and Water Procurement Company SAOC (OPWP), which signed a landmark agreement linked to the development of the nation’s largest green-field power project at Sur, says the state-of-the mega-venture…
