Friday 29 August 2014
 
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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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Burgan Bank expands brand across Turkey

Kuwait’s Burgan Bank Group has extended its regional brand platform to Turkey following its recent acquisition Eurobank Tekfen, which will now operate under the name of Burgan Bank – Turkey. Its subsidiaries EFG Istanb

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InvestBank opens trade finance subsidiary

InvestBank has opened a second subsidiary named Al Imdad, which is specialised in trade financing and supply chain logistics for traders and manufacturers. Mohamad Shahin, Al Imdad CEO, said: “The company targets SMEs, in the trading and m

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UAE 'on global sign, graphics stage'

UAE-based Falak Holding said its subsidiary - International Expo Consults (IEC) has put the UAE on the global stage with regard to signage, graphics and printing industries in the last 15 years. A multi-faceted business conglomerate, Falak

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Emirates Money loan book hits $272m

Emirates Money, a consumer finance company and wholly-owned subsidiary of the EmiratesNBD  Group, said the value of its loan book hit Dh1 billion ($272.2 million). Founded in mid-2008, Emirates Money has reached this milestone by cont

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Emirates NBD sets up new subsidiary

Emirates NBD has set up its fully-owned subsidiary 'Tanfeeth,' aimed at consolidating the banking group’s various back-office and operational teams under one management. “Tanfeeth” symbolizes the primary objective of the

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Volvo subsidiary steps up distribution ops

UD Trucks Corporation, a fully owned company of the Swedish Group Volvo, has teamed up with Volvo Group Middle East (VGME) to expand its parts distribution and after-sales operations across the region. VGME, a subsidiary of Volvo Parts Cor

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