Tuesday 9 February 2016
 
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Rolls-Royce sets out turnaround strategy

British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details of his plans to turn around the company. After four profit warnings in just

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Rolls-Royce sets out turnaround strategy

British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details of his plans to turn around the company. After four profit warnings in just

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Foreign firms plan investment in Iranian province

Chinese, South Korean, Italian and Swedish companies are planning investment in 10 industrial projects located in the western province of Ilam in Iran, a report said. A preliminary memorandum of understanding (MoU) has also been s

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Genel Energy plans joint gas company in Iraqi Kurdistan

Genel Energy, a main oil producer in Iraqi Kurdistan, plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.   Tony Hayward also said at a confere

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Basra sets up company to attract international investment

Basra Council – the political authority for Iraq’s economic capital – has announced that it is in the process of establishing Basra Company, a regional development company charged with boosting the economy in the Governorate,

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Austrian company plans $6bn investment in two Iran projects

An Austrian company is planning to invest around $6 billion in two oil and petrochemical projects in the Iranian province of Ilam, a senior official said in a report. The firm is interested in investing in the Dehloran petrochemic

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Motorcity launches new Chinese car firm in Bahrain

Motorcity has unveiled a new Chinese brand BAIC in Bahrain at its Sanad showroom.    The BAIC range comprises of passenger cars targeted to the entry level consumers in Bahrain, said a statement.

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Dewa named 'Energy Company of the Year'

The Dubai Electricity and Water Authority (Dewa) has won the Energy Company of the Year award in the Gulf Business Industry Awards 2015, organised by Gulf Business magazine in collaboration with the Dubai Chamber of Commerce & Industry (DC

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Intertek wins inspection contract from Iraqi oil firm

Intertek, a leading quality solutions provider to industries worldwide, has won a third party inspection procurement contract for the South Oil Company in Iraq, a national Iraqi company responsible for all the oil and gas projects in southern

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Dubizzle goes global with OLX 



Dubizzle, a leading free classifieds website for users in the Middle East and North Africa (Mena) region, is now a part of the OLX global recognised network that reaches more than 200 million monthly active users and 25 million monthly listings

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