Reverse engineering could solve the problem of most plants in Saudi Arabia which have approximately a third of their spare parts outdated and that are faced with high costs of replacing systems, said an official in a report.
Asian shares slipped from near three-week highs on Friday as a rally in oil prices reversed and investors remained cautious about the outlook for the global economy.
MSCI's broadest index of Asia-Pacific sh
Al Ramz Capital, a brokerage house in the UAE, is planning a reverse takeover with its acquisition of 82.4 per cent of Dubai Development Company (DDC), three sources familiar with the matter told Reuters on Thursday.
The Reserve Bank of India (RBI) could reverse its monetary tightening cycle, if December inflation falls sharply, a senior finance ministry official said yesterday, a day after a central banker said interest rates have peaked.
The RBI has
Emaar Properties said on Saturday it would appeal a Saudi ruling reversing an earlier judgment in its favour in a lawsuit that had sought $1.2 billion in compensation.
'It is not clear yet how the whole arbitration process, which has t