Thursday 17 April 2014
 
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5 SKorea firms win $7.2bn Kuwait refinery orders

Five South Korean companies have won a combined $7.2 billion in orders from Kuwait National Petroleum Company to expand capacity and improve environmental standards at two oil refineries.   The contracts, which s

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DI Park final order book for sukuk at $4bn

Dubai Investments Park has recorded an order book of around $4 billion on its new $300 million, five-year Reg S sukuk transaction. The deal was launched this morning at 265 basis points over swaps, 35 bps inside of guidance.

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Qatar Airways to receive first A350s early

Qatar Airways, the launch customer for the Airbus A350, expects to receive the first aircraft in the range ahead of scheduled delivery in December 2014, the company's chief executive said on Wednesday. "They (Airbus) are

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Global manufacturers' order books swell

Manufacturers around the world enjoyed a solid start to the year as order books swelled, surveys showed on Monday, though a struggle for growth in China and a downturn in France took the shine off the overall picture. Euro zone fa

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Dubai Investments unit wins $38m projects

Glass, a wholly-owned subsidiary of Dubai Investments, said its coating lines, comprising Emirates Glass and Saudi American Glass, have won Dh140 million ($38.1 million) projects over the last quarter. The announcement comes amid

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Qatar airways orders 5 Airbus freighter aircraft

Qatar Airways placed a firm order on Sunday for five new Airbus A330-200 freighter aircraft with options for an additional eight aircraft in a deal valued at $2.8 billion. The new freighters will replace Qatar Airways' ageing

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Flydubai to buy 100 single-aisle Boeing planes

Dubai-based low-cost carrier flydubai has made a commitement with Boeing to buy up to 100 737 MAX 8 airplanes and 11 Next-Generation 737-800s, on the opening day of the Dubai Airshow. The commitment from the airline, valued at $11

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UAE contractors' order backlog hits two-year high

  UAE contractors have witnessed a robust growth in their order backlog over the last three quarters, with the backlog growing to a fresh two-year high of Dh27 billion in Q4, 2012, a report said.  

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Bahrain vows action to end violations

  Bahrain's government has vowed to take action to put an end to violations, incitement and calls to break the law in the kingdom and to take steps to maintain security and stability.   Chairing

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Jumbo confirms big heavy lift vessel order

Jumbo Shipping, a market leader in oversized and heavyweight cargo transportation,  has confirmed the order for a second new K-class vessel, with an option on a third, to complement its existing fleet. Jumbo said after careful conside

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