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Borouge awards $1.1bn ethane cracker contract |
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 Borouge, a leading provider of innovative, value creating plastics solutions has awarded a $1.07 billion contract to The Linde Group to build another 1.5 million tonnes per year (t/y) ethane cracker at its production site in Ruwais, Abu Dhabi.
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UK firm develops ’30-minute’ doorkits |
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 UK-based moulding manufacturer Fibercill has developed fire-rated doorkits which take 30 minutes or less to fit in place, reducing the time needed for contractors to source everything.
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Zain, UrFilez ink e-music deal |
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 Zain Bahrain, a major telecom services provider, and US-based UrFilez, a digital media download and social networking company, have partnered to offer full online music services, targeting the local music scene.
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Alinma Bank opens first branches |
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 Saudi-based Alinma Bank on Saturday opened its first branches in the kingdom, more than a year after raising $2.8 billion in an initial public offering, the lender said.
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Panasonic expands flat panel TV range |
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 Panasonic, the global industry leader in plasma and LCD televisions, has introduced an additional nine LCD and eight plasma high definition Viera TVs for the growing Middle East market in 2009.
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MMS to spotlight emerging ad trends |
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 The Domus Group, organisers of the Media and Marketing Show 2009 (MMS) in partnership with Ipsos Mena, one of the region's leading media research agencies, will provide guidance on the emerging trends in the advertisement world.
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Chinese, Russian group eyeing Porsche stake |
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 Three more bidders including a Chinese and a Russian sovereign wealth, are interested in taking a stake in German sports car maker Porsche, rivalling investment plans by Qatar, German magazine Focus reported on Saturday.
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Riyadh may delay $7bn landbridge rail project |
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 Riyadh may delay the $7 billion landbridge rail project amid speculation the government will step in to wholly fund the plan instead of opting for an initial 50-year build-operate-transfer deal financed through debt, said a report.
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Shell fine warning for companies, says expert |
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 A record fine imposed on UK’s Shell International, a part of the global group of energy and petrochemicals companies, for breaching fire safety rules should prompt companies to check their own procedures, according to an industry expert.
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EU mulls Iran envoy summons, visa bans |
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 EU countries were studying steps to protest at Iran's crackdown on dissent on Friday, including a co-ordinated summoning of Tehran's ambassadors in Europe and visa bans on Iranian officials, diplomats said.
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Oxford, Gartner launch CIO Academy |
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 The University of Oxford’s Saïd Business School and Gartner Executive Programs, a unit of Gartner, have announced the launch of their renowned CIO Academy in the Gulf region.
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Yamama Cement, Saudi Arabia's third biggest cement firm by sales, said on Saturday it had agreed to take a 20 per cent stake in the Yemeni Saudi Cement Company for $15 million.
Air Arabia, Middle east's first budget airline, and Dubai Islamic Bank (DIB), a leading Islamic bank, have launched a new ticket payment method for Air Arabia customers via DIB’s electronic banking channel.
Three African countries have signed an accord to build a $10 billion trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.
Syria has identified its first confirmed case of the H1N1 flu virus, a Health Ministry official said on Saturday.
Dubai's Emaar Properties has closed its office in Algeria due to a lack of progress on its projects in the North African country, the company said on Saturday.
Investors must fasten their seatbelts and buckle up for a bumpy ride as fear and negativity could make a strong comeback when the summer is over, according to Saxo Bank, a trading and investment specialist.
Saudi-based Qassim Cement Company said on Saturday it planned to offer shareholders one bonus share for each existing one to raise its paid-up capital and fund expansion.
A $10 million project funded by the European Community to improve Iraq’s water and sanitation services is underway.
The Group of Eight rich nations is expected to back a US proposal next week that would seek a more "coordinated approach" to food aid and development, a top US official said.
Volkswagen, the German-based automotive Group, is no longer a shareholder in Dead Sea Magnesium (DSM), a magnesium producing company at the Dead Sea.
