Monday 29 December 2014
 
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Gulf Capital invests $25m in Egypt petroleum firm

Gulf Capital, one of the leading alternative asset managers in the Middle East, has completed a $25 million investment in Amak Group, a leading provider of petroleum services for the onshore and offshore sectors in Egypt. The inve

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Foster Wheeler-led JV wins Libya FEED deal

Global Engineering and Construction Group, a subsidiary of leading engineering conglomerate Foster Wheeler, in a joint venture with Taknia Libya Engineering Company, has won a front-end engineering design (FEED) contract from Nafusah Oil Opera

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Foster Wheeler-led JV wins Libya FEED deal

Global Engineering and Construction Group, a subsidiary of leading engineering conglomerate Foster Wheeler, in a joint venture with Taknia Libya Engineering Company, has won a front-end engineering design (FEED) contract from Nafusah Oil Opera

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China eyes Abu Dhabi oil deal for future energy

China hopes to secure more fuel to sustain its rapid economic growth via the rights acquired by state-run China National Petroleum Corporation (CNPC) to produce and export oil from Abu Dhabi. CNPC has expanded over the past decade

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GCC urged to set up onshore financial centres

The Gulf region must look into developing onshore financial centres to introduce further stability, said a leading expert at the Euromoney GCC Financial Forum in Bahrain. Pacific Alternative Asset Management Company managing direc

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Asry to set up new company

The Arab Ship Building and Repair Yard (Asry) is forming a new company to specialise in repair and conversion work on specialist vessels and oil rigs. Asry Offshore Services (AOS) will specialise specifically in the offshore oil and gas in

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