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Oman firm pulls out of merger plan |
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 Power maintenance firm Oman National Engineering and Investment Company (ONEIC) has decided not to proceed with a merger with a rival Omani utility billing firm, it has said.
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Swiss chemicals firm in TechnoPark deal |
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 Sika, a leading Swiss manufacturer of specialty chemicals (including concrete admixtures, mortars, sealants and adhesives) has signed a lease agreement with TechnoPark, an Economic Zones World subsidiary.
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Abyaar chooses 'Better Life' kitchens |
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 Abyaar Real Estate Development has signed an agreement with 'Better Life', the specialised company in providing high-end home devices, to supply its project 'Acacia Villas' with kitchen equipment.
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Kuwait Turkish Bank gets Dubai licence |
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 Kuwait Turkish Participation Bank (Dubai) Limited said it has received a licence from Dubai Financial Services Authority to provide a full range of Islamic finance banking services out of the Dubai International Financial Centre (DIFC).
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Verbatim rolls out new Multimedia HDD |
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 Verbatim, a leading player in the development of data storage technology, has launched the MediaStation HD DVR, a multimedia hard drive that records and plays content directly from TVs, cable/satellite set-top boxes, DVDs or VHS players.
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Qaeda wing says will avenge Yemen raids |
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 Al Qaeda's wing in Yemen said it would take revenge over raids against the group this month, which it said were carried out by US jets and killed about 50 men, women and children, in an Internet statement on Sunday.
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Jafza firm named global distributor for Thai rice |
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 Jafza-based Royal Industries (Uttam Group) has been appointed as worldwide distributor for “The Taste of Thai” branded Thai rice by the Public Warehouse Organisation (PWO), a state enterprise under the Ministry of Commerce, Thailand.
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DJI in Ajman University pact |
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 Dubai Judicial Institute (DJI), a leading center of law studies and judicial training in Dubai, has announced the signing of a co-operation agreement with Ajman University of Science and Technology (AUST).
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Dubai Investment Properties (DIP), one of the leading real estate developers in UAE, said they have begun the leasing process for their latest commercial development, ‘Single Business Tower’.
Al Jaber Aviation (AJA), a leading VIP private jet operator, said it has successfully closed the first deal under a framework of European Export Credit Agency (ECA)-backed financings for its Airbus planes.
Saudi government has allocated SR61 billion ($12.3 billion) to boost the Kingdom's healthcare system through key projects including construction of new hospitals in the 2010 budget, said a report.
Egypt's Orascom Telecom said on Monday that its Algerian unit had filed an appeal against an Algerian tax reassessment for 2005-2007.
Kuwait Finance House (KFH), the country's biggest Islamic lender, said it has signed a $242 million real estate deal in Chicago.
Dubai jeweller Damas International said that two executives and the former head of the company had registered 350 million shares to repay nearly $165 million in 'unauthorised transactions.'
Opec member Kuwait logged a budget surplus of KD6.32 billion ($21.99 billion) in the first eight months of its 2009/10 fiscal year on higher than forecast oil revenue, data showed on Monday.
The Kuwait bourse has halted trading in Agility pending clarification of reports that the logistics firm is near to a settlement in its US fraud case, the bourse said in a statement on Monday.
The BMW has launched its first all-wheel-drive models X5 M and X6 M that offer 'truly exclusive and dynamic driving experience' in Bahrain.
Oman's Topaz Energy and Marine, a subsidiary of Renaissance Services, sold its offshore support vessel to Thailand's Mermaid Offshore Services for $29.5 million, its chief executive said on Sunday.
Government must establish regulatory and policy frameworks that provide transparency, longevity and certainty, to stimulate investment in renewable energies, according to the global head of Deutsche Bank’s Asset Management division.
Iranian state television said on Monday that eight people were killed in anti-government protests, citing information from the Islamic Republic's Supreme National Security Council.
Egypt's once-famous cotton industry risks a slow death without state investment to reverse decades of neglect, boost quality and encourage farmers to keep growing the crop.
