Saturday 30 May 2015
 
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Dubai varsity in deal to promote Spanish studies

The American University in Dubai (AUD) and the Spanish Government represented by the Ministry of Foreign Affairs and Co-operation (MAEC) - Spanish Agency for International Co-operation and Development (AECID) recently signed a memorandum of unde

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Dubai group takes over Spanish solar developer

Dubai-based Abdul Latif Jameel Energy and Environmental Services has reached a deal to take over Spanish solar developer Fotowatio Renewable Ventures (FRV) and its global pipeline of 3.8GW for an undisclosed sum. FRV is a leading

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Spaniards win consultancy deal for Saudi high-speed rail line

A Spanish consortium has won a SR6 million ($1.5 million) consultancy contract from Saudi authorities to study options for a high-speed railway line between Riyadh and Dammam, said a report. The new line, which will have a design speed

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Top Spanish pharma makes Mideast foray

Cinfa, one of Spain’s leading pharmaceutical manufacturers, launched operations in the region via the burgeoning UAE market, at a ceremony in Dubai attended by the Spanish Ambassador to the UAE and health officials. “C

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Spanish-Saudi rail group gets $811m loan

A Spanish-Saudi consortium which will build a high-speed railway linking the holy cities of Makkah and Madina said on Monday it had obtained a SR3.04 billion ($811 million) loan facility needed to start the project. The loan was syndicated

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Sabic signs key petchem plant contract

Petrokemya, a subsidiary of Saudi Basic Industries Corporation (Sabic) has signed an initial deal with Spanish oil engineering company Tecnicas Reunidas to build a petrochemical plant in the Saudi industrial city of Jubail. The long-awaite

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Agility wins Spanish heavy-lift contract

Global logistics provider Agility has won a contract to transport 420 railway wagons from Spain to Kazakhstan for Talgo, a leading Spanish manufacturer of railway wagons and components. As per the contract, Agility will provide all logisti

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Gold surges on Spain bond sales, US data

Spot gold staged a strong rally on Friday, snapping four sessions of losses with possibly its biggest one-day gain this month, as a smooth Spanish bond auction and upbeat US jobs data supported sentiment. Gold, however, was headed for a we

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Saudi-Spanish group wins $9.4bn Saudi rail deal

The Saudi Railways Organisation has awarded a 6.74 billion euro ($9.4 billion) contract for the second phase of its high-speed Haramain railway project to the public-private Saudi-Spanish Al-Shoula consortium. The high-speed Haramain Rail

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Rak Petro in farm-out deal with Repsol

Rak Petroleum, a leading oil and gas exploration firm based in the UAE, has announced plans to farm-out a 50 per cent stake in its block in Oman to expert Spanish group Repsol Exploracion. The Ras Al Khaimah company said it

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