Saturday 23 August 2014

Americana says no knowledge of Savola talks

Kuwait Food Company (Americana) said on Monday that it had no knowledge of any talks with Saudi Arabia's Savola Group on a possible acquisition of Americana. "The board and executive administration deny knowledge of any negotiations with Savola regarding an acquisition o


DMCA, Indian Consul discuss maritime prospects

Dubai Maritime City Authority (DMCA) and the Deputy Consul General of India in the emirate recently discussed future maritime cooperation and opportunities to further reinforce their strong partnership. During the meeting between DMCA and Muraleedharan K at DMCA headquarter in Du


Yahsat appoints RSA Logistics as distribution hub

RSA Logistics (RSA), a leading Dubai-based third party logistics provider, has been appointed as the local hub to distribute equipment required for consumers to connect to Yahclick satellite broadband internet services. The YahClick-satellite broadband internet service provides afforda


Bahrain-Saudi causeway trucks waiting time cut

Waiting times for trucks at the Bahrain customs area at King Fahad Causewayi have been slashed by a third in one month, a report said. Loaded trucks have had a waiting period reduced from 757 minutes to 505 minutes, reported the Gulf Daily News (GDN). Efforts are u


Drydocks World completes turret modules for FLNG

Drydocks World, the international service provider to the shipping, oil and gas and energy sectors, has completed the turret modules 1 and 2 for the world’s largest floating liquefied natural gas (FLNG) facility. This innovative FLNG facility will be stationed by Shell at i


ThyssenKrupp may post first profit in 3 years

German steel and industrial group ThyssenKrupp said it could make its first net profit in three years, as chief executive Heinrich Hiesinger's recovery strategy begins to pay off. ThyssenKrupp raised the outlook for its financial year ending in September to 'break-even to sligh

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