Sunday 21 December 2014
 
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Egypt set to pass mining, industrial land laws

Egypt will pass laws next week related to mining and the allocation of industrial land as it pursues reforms to attract foreign investors deterred by political turmoil, the investment minister said on Tuesday. But Asharf Salman gave few details about the content of the laws at a

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Aluminium-agriculture to spur Bahrain-Russia ties

Aluminium, aircraft, chemicals, biotechnology, agriculture and pharmaceuticals have been identified as key areas of bilateral trade and investment between Bahrain and Russia, a top Russian minister said. Russia's Minister of Industry and Trade Denis Manturov told the Gulf

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ABB, Hitachi in deal to form power grid JV in Japan

ABB and Hitachi has signed a deal to form a new joint venture for high voltage direct current (HVDC) system solutions in Japan. The new entity, to be based in Tokyo, will be responsible for the design, engineering, supply and after-sales services related to the DC system of HVDC

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Technip sells diving assets in Gulf of Mexico

Technip, a leader in project management, engineering and construction for the energy industry, has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore. The sale reinforces Technip’s strategy to focus on its core North America subsea business

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Inkas to set up 2nd manufacturing facility in DIP

Leading manufacturer of quality armoured transport and special purpose vehicles Inkas Vehicles has planned to set up another manufacturing facility in the Dubai Investment Park (DIP), a leading integrated commercial, industrial and residential community in the Middle East, wholly-owned by Dubai

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Airedale extends training programme to Middle East 


Leading British manufacturer of precision air conditioning, IT cooling, chiller and comfort solutions, Airedale International has launched its data centre design and maintenance training programme in the Middle East, as part of its commitment to support customers and business partners in the re

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Abraaj sells 21pc stake in Integrated Diagnostics Holdings

Private equity firm Abraaj Group said it had sold a 21 per cent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis. IDH, which resulted from the 2012 merger of Al Mokhtabar and Al Borg Laborator

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ME pumps and compressor industry on ‘strong footing’

The pumps, pipes and compressors industry is on a strong footing in the region, driven by robust investments in oil and natural gas pipeline and exploration projects, and strong industrial and manufacturing activity.   The inaugural three-day Middle East Pumps, Valves, Pipes

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Kuwait Oil joins Damen for tug naming ceremony

Kuwait Oil Company (KOC) has named the latest ASD 3212 tug designed by Damen Shipyards Group as Shahem, the second in a series of 14 tugs that the company is building for KOC. The naming ceremony of the ASD 3212 tug vessel at Damen Shipyards Galati was attended by KOC chief execu

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Takata tightens screw on suppliers amid air bag crisis

Takata Corporation has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved. Takata, whose exploding air b

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