Thursday 24 April 2014
 
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consortium

Retail leadership to help Axiom MVNO

The Axiom Mobile Consortium’s MVNO strategy is set to benefit from its retail influence, loyal Arab customer base and industry-leading smartphone credentials. The consortium was recently qualified by the Saudi Communication

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Salini Impregilo team wins $1.3bn contract in Libya

A consortium led by Salini Impregilo Group has won a 963 million euro ($1.29 billion) contract to build part of a new coastal highway in Libya, in a sign of a rapidly growing order book for the soon-to-be merged group.   Impre

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Group eyes Al Noor Medical IPO

  The private equity consortium which owns half of Abu Dhabi healthcare provider Al Noor Medical is reviving plans to sell its stake through a stock market listing in 2013, four sources aware of the matter said. &nbs

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Iran to sell oil via consortium, evade ban

Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move designed to circumvent sanctions intended to put pressure on Tehran to halt its disputed nuclear programm

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EFG Hermes' takeover bid stalls

An attempt by a group of Egyptian and Gulf investors to buy the Middle East's biggest home-grown investment bank EFG Hermes has stalled after the consortium failed to secure enough EFG shares to challenge management. Planet IB made its

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Saudi starts work on giant power plant project

Saudi-owned ACWA Power said it has started work on the largest independent power generation project in the world at Qurayyah on the eastern coast of the Kingdom. The project, to be developed on a BOO (build, own, operate) basis, will be lo

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Dalia, Tamar consortium to ink $1bn natgas deal

A consortium drilling for natural gas off Israel's Mediterranean coast said on Tuesday it signed a non-binding, $1 billion deal to supply Dalia Power Energies with 200 billion cubic feet of gas over 17 years. Delek Drilling told the Te

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Gulf consortium buys Qatar engineering firm

A consortium, comprising institutions from Qatar and Bahrain, has announced the acquisition of Qatar Engineering & Construction Company (QCon), one of Qatar’s leading industrial engineering and construction contracting companies.

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Samena adds two new members to board

Samena Telecommunications Council, the multi-continent telecom consortium, has added Nayla Khawam, newly appointed chief of Orange Jordan and Dr Amer Awadh Al-Rawas, chief of Oman Telecommunications Company (OmanTel) to its board of directors.

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BP-led consortium takes on Iraq's Rumaila oilfield

A consortium led by BP and including China's CNPC on Tuesday accepted a contract to develop Iraq's biggest oilfield, the 17-billion barrel Rumaila field in the south, Iraq's oil minister said. The original winner of the bidding

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