Monday 20 May 2013
 
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ICC revises guidelines for global investment

The International Chamber of Commerce (ICC) has reissued its guidelines for global investment to adapt to new challenges of the investment environment and further promote investment as a driver of economic growth. The revised gui

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Citadel revises energy firm stake sale terms

Citadel Capital said its opportunity-specific fund has signed an amended share purchase deal with Calgary-based Sea Dragon Energy for sale of its 100 per cent stake in the upstream energy firm, National Petroleum Company Egypt. Citadel Cap

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DFSA revises investment funds regime

Dubai Financial Services Authority (DFSA) has brought in a series of regulatory changes to the Dubai International Financial Centre's (DIFC) collective investment funds regime to create a more competitive financial hub. The changes wer

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Foreign firms revise bids for Saudi Kayan plant

Four international firms, including the US Fluor Corp, submitted on Saturday revised bids to build a petrochemical plant in Saudi Arabia, sources said. South Korea's Hyundai Engineering and Construction, Daelim Industrial Company and T

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Bapco to revise scholarship scheme

Bapco is taking positive steps to plug vital skills gaps in key disciplines such as chemical engineering, geology and petroleum engineering with a revised scholarship scheme for 25 high-achieving Bahrainis. The company awarded scholarships

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Banque Saudi Fransi eyes $1.9bn capital

Banque Saudi Fransi said it would raise its capital 28.5 per cent to SR7.23 billion ($1.93 billion), shelving a plan to raise capital to SR9 billion through rights and bonus issues. Fransi, in which France's Credit Agricole is a main share

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Qtel revises public payphone rates

Qtel, Qatar’s leading telecommunications provider, has announced revised payphone rates and a wider range of payphone smart cards as part of its ongoing strategy to enhance all channels of communication in the country. Qtel is in the

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UAE downgrades growth rate

The UAE revised down its economic growth rate last year to an estimated 5.2 per cent from an earlier 7.6 per cent, the ministry of economy said. Real gross domestic product hit Dh498.70 billion ($135.8 billion) last year compared with Dh47

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Egypt to revise 'tax-free' status of bonds

Egypt plans to revise the tax exempt status on Egyptian government bonds as it seeks revenue to cover the cost of public sector salary increases, finance minister Youssef Boutros Ghali said on Sunday. The measure would balance a decision a

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DNO revises pact in Iraq crude exports push

Norwegian oil company DNO said it took an 'important step' towards gaining a permit to export oil from Iraq by revising its production licence deal with north Iraq's Kurdish authorities. DNO shares leapt more than 20 per cent even though t

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