Wednesday 29 June 2016
 
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German café chain opens new branch at Al Seef Resort by Andalus

Al Seef Resort & Spa by Andalus welcomed the opening of German café chain, San Francisco Coffee Company, in the resort. Located in the European-style boulevard with over 20 dining and retail outlets, slated to be fully

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UAE firms hail new Saudi move to tackle housing crisis

Leading UAE developers have lauded the Saudi government's move to set up a new state-backed development company as part of its efforts to tackle the housing shortage problem, said a report. The new firm will give businesses pl

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1MDB to become shell company after rationalisation

Malaysia's debt-ridden state fund 1Malaysia Developmnent Berhad (1MDB) will become a shell company once its rationalisation plan is fully implemented, according to its president Arul Kanda, state-run news agency Bernama reported.

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1MDB to become shell company after rationalisation

Malaysia's debt-ridden state fund 1Malaysia Developmnent Berhad (1MDB) will become a shell company once its rationalisation plan is fully implemented, according to its president Arul Kanda, state-run news agency Bernama reported.

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Sita named 'IT company of the year'

For the second year in a row, the Air Transport News (ATN) Awards have recognized air transport IT specialist, SITA, as the ‘IT Company of the Year’. The award was presented to Sita on March 26 at an Air Transport News

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Dentons advises Mena Infrastructure United Power sale

Dentons has advised leading specialised infrastructure fund manager Mena Infrastructure on the sale of interests in United Power Company (UPC) to Khaled Juffali Energy and Utilities, a Saudi Arabian power company.  

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Oman's National Gas Co fires chief over bribery

Oman’s National Gas Company has terminated the services of its chief executive officer Goutam Sen, according to a report.   The company had disclosed in 2014 that he had been detained over suspected bribes

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Qatar, China in $6.4bn battle for Australian freight giant

Canada's Brookfield Asset Management is planning a fresh $6.4 billion bid for Australian port and rail firm Asciano with Qatar's sovereign fund, two sources told Reuters, widening the global battle for the haulage heavyweight.

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Bnl named ‘best performing insurance firm’ in ME

Bahrain National Life Assurance (bnl) has won ‘Best Performing Insurance Company – Middle East Life Insurance Award’ at the 12th Annual Middle East Insurance Forum (MEIF 2016) hosted by Bahrain. Bnl general manager Sahar Al A

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Rolls-Royce sets out turnaround strategy

British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details of his plans to turn around the company. After four profit warnings in just

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