Thursday 3 September 2015
 
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RAK Ceramics fully acquires Iranian subsidiary

RAK Ceramics, a global hi-tech manufacturer of lifestyle ceramics solutions, has acquired the 20 per cent minority share of RAK Iran, thus making the latter its wholly owned subsidiary. Financed by the World Bank, RAK Ceramics set

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RAK Ceramics fully acquires Iranian subsidiary

RAK Ceramics, a global hi-tech manufacturer of lifestyle ceramics solutions, has acquired the 20 per cent minority share of RAK Iran, thus making the latter its wholly owned subsidiary. Financed by the World Bank, RAK Ceramics set

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EFG-Hermes launches leasing subsidiary

Egypt's EFG-Hermes, one of the Middle East's largest investment banks, said on Sunday it had launched a wholly-owned subsidiary, EFG Hermes Leasing, that would start operations immediately. The firm said in a statement tha

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B Braun opens Mideast subsidiary at DuBiotech

B Braun, a German medical and pharmaceutical device firm, has established a Middle East operating subsidiary at the Dubai Biotechnology and Research Park (DuBiotech), a free zone dedicated to facilitating and fostering growth in the UAE’s

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Visa in talks to buy former subsidiary for $20bn

Visa, a global leader in payment solutions, is in preliminary talks to buy former subsidiary Visa Europe, in a deal that could be valued at up to $20 billion, Bloomberg reported, citing people with knowledge of the matter. The tal

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Aquarion sets up subsidiary in UAE

Aquarion Group, a leading provider of advanced technologies for the oil & gas industry sector and process industries, has established a wholly owned subsidiary located in Sharjah, UAE. Aquarion Middle East will focus on provid

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Marsol launches oil & gas services subsidiary

Marsol International, a Dubai-based global marine solutions provider, has launched a new subsidiary, Marsol Oil & Gas Services, which will operate from a new office facility in the Port of Fujairah. The launch of Marsol Oil &a

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DI unit commissions new glass production facility

UAE-based Emirates Float Glass (EFG) has successfully commissioned a new facility aimed at enhancing its production capabilities to cater to the automotive glass sector. A subsidiary of Dubai Investments, EFG is a major integrated

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Airbus unit opens office in UAE

Airbus ProSky, the air traffic management (ATM) subsidiary of Airbus, has opened a new regional headquarters in the UAE, a report said.   The office will serve as a focal point for the Middle East and North Africa, said the re

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Drake & Scull unit wins Egypt wastewater contract

A consortium including a subsidiary of Dubai's Drake and Scull has won a 545 million dirhams ($147 million) contract to build a wastewater treatment plant in Egypt, the firm said on Monday. The consortium is led by Egypt's

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