Thursday 2 July 2015
 
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EFG-Hermes launches leasing subsidiary

Egypt's EFG-Hermes, one of the Middle East's largest investment banks, said on Sunday it had launched a wholly-owned subsidiary, EFG Hermes Leasing, that would start operations immediately. The firm said in a statement tha

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B Braun opens Mideast subsidiary at DuBiotech

B Braun, a German medical and pharmaceutical device firm, has established a Middle East operating subsidiary at the Dubai Biotechnology and Research Park (DuBiotech), a free zone dedicated to facilitating and fostering growth in the UAE’s

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Visa in talks to buy former subsidiary for $20bn

Visa, a global leader in payment solutions, is in preliminary talks to buy former subsidiary Visa Europe, in a deal that could be valued at up to $20 billion, Bloomberg reported, citing people with knowledge of the matter. The tal

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Aquarion sets up subsidiary in UAE

Aquarion Group, a leading provider of advanced technologies for the oil & gas industry sector and process industries, has established a wholly owned subsidiary located in Sharjah, UAE. Aquarion Middle East will focus on provid

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Marsol launches oil & gas services subsidiary

Marsol International, a Dubai-based global marine solutions provider, has launched a new subsidiary, Marsol Oil & Gas Services, which will operate from a new office facility in the Port of Fujairah. The launch of Marsol Oil &a

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DI unit commissions new glass production facility

UAE-based Emirates Float Glass (EFG) has successfully commissioned a new facility aimed at enhancing its production capabilities to cater to the automotive glass sector. A subsidiary of Dubai Investments, EFG is a major integrated

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Airbus unit opens office in UAE

Airbus ProSky, the air traffic management (ATM) subsidiary of Airbus, has opened a new regional headquarters in the UAE, a report said.   The office will serve as a focal point for the Middle East and North Africa, said the re

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Drake & Scull unit wins Egypt wastewater contract

A consortium including a subsidiary of Dubai's Drake and Scull has won a 545 million dirhams ($147 million) contract to build a wastewater treatment plant in Egypt, the firm said on Monday. The consortium is led by Egypt's

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OMA Emirates opens subsidiary in Nepal

UAE-based OMA Emirates-Solution Gulf, a provider of technology solutions for the payment industry, recently opened a subsidiary office, OMA Nepal. Inaugurated by the Ambassador of UAE to India and the Non Resident Ambassador of UA

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Trivitron takes 100pc stake in healthcare JV

India-based Trivitron, a global leader in medical technology, has converted an existing joint venture (JV) with Al Ghurair Group’s ETA Star Healthcare into a wholly-owned subsidiary in Dubai. The JV with the Al Ghurair Group

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