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Manufacturing conference on way |
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 Delegates from Europe, the Middle East and Asia will take part in the fourth annual Smart Manufacturing Conference set to be held in Oman and organised by the Public Establishment for Industrial Estates (PEIE).
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Sanofi wins FDA approval for heart drug |
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 Sanofi-Aventis won approval to sell heart treatment Multaq in the United States, a move that should help the French drugmaker partly recoup a future sales drop as generics to several key drugs appear.
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UK firm develops ’30-minute’ doorkits |
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 UK-based moulding manufacturer Fibercill has developed fire-rated doorkits which take 30 minutes or less to fit in place, reducing the time needed for contractors to source everything.
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Tandberg unveils 'flexible' TS 7010 |
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 Leading global telepresence provider Tandberg has introduced the new server model TS 7010 – a compact telepresence bridge that offers even greater flexibility and interoperability for the region’s telepresence customers.
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Samsung to expand Egypt distribution network |
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 Samsung Electronics, a leading mobile phone company, is planning to expand its distribution channel network and shop displays in Egypt, as well as continue regularly launching new products for the second half of 2009.
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Grand Cinemas sets new weekend record |
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 Nakheel Retail on Friday announced that Grand Cinemas at Ibn Battuta Mall has smashed its record for admissions over a single weekend – with over 21,000 people flocking to watch films there on Friday (June 26) and Saturday (June 27).
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EADS, partner win $2.3bn Saudi deal |
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 European aerospace group EADS said on Wednesday it won a five-year contract to help boost Saudi border security, which an official at a local partner said is worth $2.3 billion.
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El Nino 'very likely' in 2009 |
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 An El Nino weather pattern that could bring drought conditions to Australia's farmlands is 'very likely' this year and could be officially declared within weeks, the Australian Bureau of Meteorology (BOM) said on Wednesday.
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Iraq port unloading 202,000 T wheat |
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 Iraq's Umm Qasr port is currently taking delivery of 202,000 tonnes of Australian, German and Russian hard wheat that were purchased this year, shipping sources said on Monday.
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EU mulls Iran envoy summons, visa bans |
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 EU countries were studying steps to protest at Iran's crackdown on dissent on Friday, including a co-ordinated summoning of Tehran's ambassadors in Europe and visa bans on Iranian officials, diplomats said.
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DMI inks new HRD deal with AUE |
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 Dubai Media Incorporated (DMI) has signed a memorandum of understanding with the American University in the Emirates (AUE) as part of its broader strategy to contribute to human resource development in the country.
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Almarai to take over poultry firm Hadco |
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 Saudi-based dairy firm Almarai Co. said on Wednesday it has reached an agreement to buy all shares in Hail Agricultural Development Co (Hadco), moving into the lucrative Saudi poultry business.
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Abu Dhabi-based developer Manazel and leading German energy services firm Techem have signed first-of-a-kind framework agreement on metering equipment and billing services.
Gulf Air, Bahrain’s national carrier, has appointed a new chief executive officer following Björn Näf’s decision to leave the business to pursue other interests, the airline said.
Iran plans to invest around $70 billion in two major offshore natural gas fields in the 2010-15 period, a senior official said in comments broadcast on Friday.
Moody's Investors Service has downgraded the ratings of Dubai Holding Commercial Operations Group (DHCOG) to A3 from A2 and placed the ratings on review for possible further downgrade.
Islamic banks in the Gulf Arab region need to adopt a new business model and take on more customers to weather the economic downturn, Ernst & Young's head of Islamic finance said.
Arab family businesses must reflect on and review their strategies in the light of the current economic crisis, said an expert.
Investment adviser Javelin Investment Management has launched the first US-listed Islamic exchange traded fund, the fund's index provider said.
To coincide with its 30th birthday, Mercedes-Benz’s legendary G-Class now benefits from additional features that enhance the comfort and exclusivity of the interior.
Global marine terminal operator DP World has appointed Matt Leech as the senior vice president and managing director for the company’s Americas Region.
