Monday 14 July 2014
 
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Private sector to 'boost opportunities for power deals'

The increasing role of the private sector in both power generation and water could boost opportunities for large-scale transactions in Mena in the future, according to an EY report.   The leading professional ser

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India pays $550m oil dues to Iran

India paid a second installment of $550 million in oil dues to Iran on Tuesday (July 8) under an interim deal that allowed Tehran access to $4.2 billion in blocked fund globally, two industry sources said.   Asia

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Deal on new Iraq govt in next parliament session: PM

Iraq's Prime Minister Nuri Al-Maliki said on Wednesday that he hoped to overcome the challenges blocking the formation of a new government, a day after the new parliament's first session ended without agr

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Iran redesigning reactor to cut plutonium capacity

Iran is "busy redesigning" a planned research reactor to sharply cut its potential output of plutonium, a senior Iranian official said in comments that seemed to address a thorny issue in negotiations with big powers. Th

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Adnoc Distribution signs franchise deal with Al Olaibi

Adnoc Distribution Global Company (ADGC) has signed a franchise deal with Saudi Arabian Al Olaibi Group, a leader in distribution and transportation of petroleum products in the kingdom.   The first phase of the

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Etisalat will settle $799m dispute soon: Pakistan

Pakistan expects Etisalat to soon settle the $799 million it owes from a 2006 investment in the country's former telecom monopoly, the finance minister told Reuters. Settlement would provide vital funds for the cash-strapped g

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Mobily cuts profit after rival scraps tie-up

Saudi Arabia mobile operator Mobily will cut its second-quarter profit by SR338.7 million ($90.3 million) after fixed-line rival Etihad Atheeb scrapped a deal between the two companies, it said on Monday.   Share

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Viva signs enterprise market deal with Silah Gulf

Viva Bahrain has signed an agreement with leading customer experience solutions provider Silah Gulf to strengthen its reach in the enterprise market.   The telecom operator’s business division will continue

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NBK, Al Khorayef in $56.8m financing deal

National Bank of Kuwait (NBK) and Saudi Arabia-based Al Khorayef Group have signed a financing deal to arrange $56.8 million syndicated facilities with a tenor of five and a half years.   The facilities will be u

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Imdaad signs waste management deal with EZW

Imdaad, a leading provider of integrated facilities management (FM) solutions in the GCC, has signed a long-term deal for waste management with the Economic Zones World (EZW), a developer and operator of economic zones, technology, logistics a

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