Wednesday 1 July 2015
 
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Purchase

Egypt to launch up to $3bn LNG purchase tender

Egypt is set to launch what will be a highly sought after tender in early June to buy up to $3 billion of liquefied natural gas (LNG) over 2016 and 2017, senior state officials and trade sources said. Egypt has emerged as a major

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India clears deal for 56 Airbus transport planes at $1.9bn

India's defence procurement agency has cleared the purchase of 56 transport planes from Europe's Airbus in collaboration with local partner Tata Sons in a deal worth an estimated $1.9 billion, a defence ministry source said on Thursday.

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Gulf Air signs discount deal with Ithmaar Bank

Ithmaar Bank cardholders will get discounted pricing for Gulf Air online ticket purchases, following the signing of an agreement between the two organisations. The agreement was signed by Gulf Air acting chief financial officer Sa

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Iran buys 85,000-tonnes wheat in first deals for weeks

Private Iranian companies have bought about 85,000 tonnes of wheat to be sourced from the European Union and Black Sea regions in their first purchases for several weeks, European traders said on Thursday. The grain was for March

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New ‘connected car’ purchase experience on show

Visa, Pizza Hut and Accenture are working together to develop a proof-of-concept connected car to test mobile and online purchases on the go. The connected car is expected to feature Visa Checkout, Visa’s online payment serv

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Turkey says in talks with Algeria on oil purchases

Turkish Energy Minister Taner Yildiz said Turkey was in talks on purchasing oil products and crude oil from Algeria.   Speaking at a news conference in Istanbul with his Alge

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Smartphones, laptops top Gitex purchases

Smartphones and laptops led in terms of volume of purchase made, among different categories at the Gitex Shopper 2014 in Dubai, UAE, which also comprised home appliances, consumer electronics and gaming and entertainment, according to a report.

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Etihad to raise $2bn to fund stake buys, aircraft

Abu Dhabi's Etihad Airways is on track to raise about $2 billion in loans this year to fund its equity investments around the world and aircraft purchases, its chief financial officer said. Etihad has aggressively pursued a gl

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ADIB completes Barclays unit purchase

Abu Dhabi Islamic Bank (ADIB) said it has formally completed the purchase of Barclays’ UAE retail banking business from the British lender. As per the new deal, ADIB and Barclays will now work closely to ensure the seamless

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Cloud computing apps ‘an attractive option for firms’

The new wave of cloud computing applications, together with the promise of increasing efficiency, driving speedy adoption of cutting-edge technologies and decreasing costs, are proving to be an attractive option to many businesses, according to

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