Saturday 19 April 2014
 
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US firm plans big investment in ME, Asia

An US company is planning to enter the Middle East and Central Asia region in a big way through direct investments in the region, mainly in Iraq. North America Western Asia Holdings (Nawah), set up by former Silicon Valley executive and US

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Iraqi Kurds see sharp decline in oil exports

Crude exports from Iraq's northern Kurdish region have dropped to 50,000-60,000 barrels per day from 160,000 bpd since late last month, several Iraqi government sources said on Saturday. The reason for the decline was unknown, they sai

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Aquatech wins $82m UAE desalination project

US-based Aquatech has won a $82 million contract from the UAE's Federal Electricity and Water Authority (FEWA) to provide a 15 MIGD seawater reverse osmosis-based desalination facility in Ras Al Khaimah. Aquatech is a leader in water

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US construction expert opens ME offices

Long International, a leader in construction claims and project management consulting in the oil and gas and petroleum refining markets, has opened its regional offices in the UAE and Qatar. In the UAE, the US firm has partnered

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Sanofi nears deal to buy US firm

US biotechnology company Genzyme Corp and French drugmaker Sanofi Aventis are moving closer in their discussions about a possible acquisition, according to sources familiar with the situation. Sanofi has offered to acquire Genzyme, a maker

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CMCS partners with US technology firm

Dubai-based Collaboration, Management and Control Solutions (CMCS) said it has partnered with Santeon, a US technology company to deploy new ‘quality and efficiency’ standards for projects in Middle East region. The CMCS said the agreement

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Injaz picks US firm for Al Marina project

Injaz Development Company, a Saudi-based master developer, has signed a multi-million rial contract with US-based Aecom to carry out infrastructure design works at its seafront development, the Al Marina Project. Upon completion, Al Marina

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