Thursday 27 November 2014
 
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Emke Group buys stake in East India Company

Non-resident Indian businessman and head of Emke Group Yusuffali M A has acquired a significant stake in London-based East India Company. An agreement to this effect was signed in London yesterday (October 8), said a report in the

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DWC highlights opportunities in Dubai for Indian firms

Dubai World Central (DWC), the world's first purpose-built aerotropolis, has embarked on a six-day tour of India to establish relations with the country’s business community and promote its rapidly expanding Business Park Free Zone to

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Earnings in Kuwait flat despite strong bank results

The earnings of Kuwaiti companies were flat, despite a solid performance by banks during the first half of the year, on the back of an improving operational environment and reduced provisioning, boosted overall earnings an offset weakness in oth

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Oman Oil Company names new chief

Oman Oil Company has appointed Isam bin Saud Al Zadjali as its new chief executive officer, said a report. Al Zadjali comes with more than two decades of experience in the oil and gas sector, having served as senior vice president

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Bahrain plans new round-the-clock cleaning firm

Talks have been held on appointing a new cleaning company responsible for the entire kingdom of Bahrain. Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa chaired a meeting yesterday, which was attended by Municipalities and Ur

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BFC opens 38th outlet in Dar Kulaib

Bahrain Financing Company (BFC) has opened a branch in Dar Kulaib, which is the company's 38th branch in the kingdom.   The Dar Kulaib branch will be open from 8.30am to

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Warba arranges $155m loan for UAE oil firm

Kuwait-based Warba Bank has arranged for a $155 million syndicated financing facility for a leading oil services company in UAE.   The bank took park with a stake of $25 million in this transaction along with Noo

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Nakheel, E&V to launch new real estate company

Dubai-based Nakheel, a major real estate developer, has signed a letter of intent with German real estate brokerage company Engel and Völkers (E&V) to create a new company specialising in selling and leasing properties in the emirate.

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Expro announces $2bn order book

International oilfield services company, Expro, has announced a $2 billion order book for the first time as the company's celebrates its 40 years of operation. Expro attributed this success to its market-leading position in de

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Alitalia looking to create new company to woo Etihad

Italian airline Alitalia is considering creating a separate company to hive off its bad debts and appease Gulf-based suitor Etihad, Il Messaggero daily said on Saturday. The plan was discussed at a meeting in Milan on Friday betwe

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