Saturday 19 April 2014
 
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Joint venture

MGM Resorts, Hakkasan form JV

MGM Resorts International,  a leading global hospitality company, and London-based Hakkasan Group have formed a joint venture hotel management company. MGM Hakkasan Hospitality will focus on the design, development and manage

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Deutsche Bahn joins Etihad Rail in UAE railway venture

The United Arab Emirates' railway developer Etihad Rail has signed a joint venture deal with a unit of Germany's Deutsche Bahn to operate and maintain the Gulf country's planned $11 billion rail network, it said on Tuesday.

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Kuwait group inks JV deal with China jeweller

Kuwait Support Services Company (KSS), a major multi-business group headed by Sheikh Ameer Al Sabah of Kuwait, has signed a joint venture agreement with China-based Kingold Jewelry, a leader in design and manufacture of gold jewellery.

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Pentair, IDC launch industrial services JV

Pentair, a global water, fluid, thermal management company, and International Development Company (IDC) have launched a joint venture to service valve, actuator and industrial equipment in Mussafah, Abu Dhabi. “Pentair is ex

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Mena Aero to launch facilities JV with Tempus

Mena Aerospace Enterprises and US-based Tempus Jet Centers have signed an agreement to launch a joint venture which will provide a link between Tempus’ aircraft maintenance facilities in the US and the customer base in the Gulf Region.

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Borealis-First Energy JV buys key stake in Bulgarian firm

Bahrain-based First Energy Bank and Borealis, the second largest producer of polyethylene and polypropylene in Europe have jointly bought 20.3 per cent stake in Neochim AD, Bulgaria's leading producer and distributor of fertilisers.

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UAE retailers in beauty brand tieup

UAE-based luxury goods distributors, Chalhoub Group and Jashanmal have established a new joint venture with leading global beauty company Coty Inc. to expand its go-to market capabilities in the Emirates. Coty Distribution Emirate

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Oman Oil Company unit plans industrial gas JV

State-run Oman Oil Company said one of its subsidiaries, Takamul Investment Company, has signed a joint venture agreement with US-headquartered Air Products, a global hydrogen provider, to establish an integrated industrial gases venture in the

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Oman Chlorine plans $70m JV in Abu Dhabi

Oman Chlorine is setting up a $70 million chlorine-alkali plant in Abu Dhabi to cater to the oil and gas sector in the Gulf, its managing director said on Tuesday. Union Chlorine, a joint venture between Oman Chlorine and Abu Dhab

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Gulf JVs 'must extend to more sectors'

More Gulf joint ventures, not only limited to the industrial sector but extending to other areas, are the need of the hour, said a top Bahrain government official. The Premier's Adviser for Industry and Oil Affairs Shaikh Isa

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