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Dubai inflation edges up in MayDubai inflation edged up to one per cent year-on-year in May as the food prices rose along with housing and utility costs compared to last month, said a report. The housing and utility costs, which account for almost 44 per cent o More… |
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$6.1bn Saudi desalination project on trackSaudi utility giant Saline Water Conversion Corporation (SWCC) said its upcoming desalination project, being built at a cost of SR23 billion ($6.1 billion) at Ras Al-Khair, was 75 per cent complete and was on tra More… |
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Kuwait-led group offers $8.2bn for Seven TrentA consortium led by a Kuwaiti sovereign wealth fund and two pension companies raised its proposed offer for Severn Trent to £5.3 billion ($8.2bn) yesterday, sending the British water utility's share price up by as much as nine per cent More… |
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Sembcorp plans IPO of utility JV in OmanSingapore's Sembcorp Industries Ltd said it is planning an initial public offering (IPO) of a joint venture company that owns and operates a $1 billion water and power project in Oman by the fourth quarter of this year. " More… |
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UAE April inflation eases to 0.9pc y/yThe consumer prices in the UAE slowed to 0.9 per cent year-on-year compared to the previous month, the data from the National Bureau of Statistics showed. The housing and utility costs, which account for over 39 per cent of consum More… |
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Abu Dhabi April inflation slows to 0.6pcAbu Dhabi's annual inflation in April slowed to 0.6 per cent compared to the previous month, according to data released by Abu Dhabi Statistics Centre. More… |
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UAE's Tabreed registers solid Q1 growthDistrict cooling firm Tabreed, which is partly owned by Abu Dhabi state fund Mubadala, said its net profit increased by 30 per cent to Dh47.8 million ($13 million) in the first quarter when compared to Dh36.8 million last year, helped by lower f More… |
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Bahrain utility firm wins $70m Turkey dealBahrain-headquartered OAK Utility Solutions and Development (OAK) has secured a public-private partnership assignment worth $70 million with the Turkish government, the company said yesterday. "The project involves a fully fi More… |
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Marafiq may issue debut riyal bondMarafiq, a utility services provider to two industrial cities in Saudi Arabia, may conduct a debut local currency bond issue after picking HSBC's Saudi Arabian arm to advise it on raising new corporate debt. "It is likely More… |
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Dubai consumer prices fall 1.9pc in DecThe consumer prices in Dubai fell 1.9 per cent year-on-year in December due to a 6.5 percent drop in housing and utilities costs, according to data from the emirate's statistics center. On an average, the emirate's consume More… |
