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Al Reyadah wins Abu Dhabi villas contractUAE-based Al Reyadah said it has won the maintenance contract for 19 luxury villas owned by B2B Hotels & Properties, a joint venture between Abu Dhabi TDIC and Al Fahim Group. As per the contract, Al Reyadah will provide round-the-cloc More… |
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New transport payment systemAbu Dhabi, Casablanca and Mexico City are turning to ACS, a Xerox company, to make their public transit payment systems more efficient and convenient for millions of riders. ACS is modernising the commuter payment systems in all thr More… |
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Heart drug wins FDA approvalAstraZeneca announced that the US Food and Drug Administration (FDA) has approved ticagrelor (Brilinta), a new heart disease medication, to reduce the risk of cardiovascular death and heart attacks in patients with acute coronary syndromes (ACS).& More… |
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ACS and Qatar raise stakes in HochtiefHochtief's key shareholders ACS and Qatar strengthened their hold over Germany's largest builder, which rewarded them with forecast-beating profit and a bigger-than-expected dividend. ACS now controls more than 39 per cent in Hocht More… |
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Qatar calls for 'friendly' Hochtief, ACS mergerQatar hopes a merger between German builder Hochtief and Spanish construction and services group ACS will be 'friendly,' Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani said on Monday. 'We are hoping f More… |
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ACS boosts stake in HochtiefTop Spanish builder ACS has cleared the way to own 30 per cent of German peer Hochtief, a threshold that allows the Spanish predator to build a controlling stake in the open market. ACS, saddled with a heavy debt load of more than 9 billio More… |
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ACS turns up heat on Hochtief with new bidSpain's ACS has turned up the heat on bid target Hochtief by sweetening an all-share offer to value its German construction rival at around 4.9 billion euros ($6.5 billion). The Spanish group, stalking Hochtief since September, said that i More… |
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Qatar to buy stake in HochtiefGermany's largest builder Hochtief will hike its capital by around 10 percent in a fresh bid to fend of Spanish predator ACS by driving up the takeover price for ACS' low-ball bid. Hochtief said on Monday that Qatar Holding will buy 9.1 pe More… |
ACS to double DAFZ office spaceUK-based Air Charter Service (ACS) has announced plans to double its office space at the Dubai Airport Freezone owing to its record growth. ACS, which is averaging a 30 per cent month on month growth, said it is expecting a turnover of Dh9 More… |
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LG-Shaker opens AC factory in RiyadhLG Electronics, a leader in air conditioners, and H G Ibrahim Shaker Co have inaugurated a new joint venture air conditioners manufacturing factory in Riyadh. Named LG-Shaker Co, the unit is located Al Taweer Industrial City, south of the More… |
