Monday 2 May 2016
 
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Egypt aims to reduce import bill by 25pc

Egypt aims to reduce its import bill by 25 percent in 2016 compared to the previous year after the central bank imposed sweeping new import controls last month, its governor told Reuters. The country plugged major loopholes that h

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Egypt aims to reduce import bill by 25pc

Egypt aims to reduce its import bill by 25 percent in 2016 compared to the previous year after the central bank imposed sweeping new import controls last month, its governor told Reuters. The country plugged major loopholes that h

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Pacific Controls acquires 33pc stake in Inframon

Pacific Control Systems (PCS), a UAE-based leader of Internet of Things (IoT) and cloud services solutions, has acquired 33.33 per cent equity stake in Inframon, a UK-based IT cloud transformation company.   

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Al-Futtaim to distribute Johnson Controls’ products

Al-Futtaim Engineering has signed a deal with Johnson Controls to distribute JC’s range of products across the UAE. Under the agreement, Al-Futtaim will distribute high efficiency York residential and light commercial HVAC s

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Johnson Controls, Hitachi in AC venture

Johnson Controls, Hitachi and Hitachi Appliances (collectively referred to as Hitachi) have signed a non-binding global air conditioning joint venture. Under the deal, Johnson Controls will obtain a 60 per cent ownership in Hitach

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Bahrain PM urges tougher investment controls

His Royal Highness the Prime Minister of Bahrain, Prince Khalifa bin Salman Al Khalifa, called for tougher control on investment activities contravening Bahrain's rules and regulations. He also urged awareness campaigns be conducted to

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