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Al-Futtaim wins $22.5m UAE contracts |
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 Al-Futtaim Engineering, one of the leading multi-disciplinary engineering organisations, said it has won major contracts worth Dh83 million ($22.5 million) for supply and installation of Hitachi and LM lifts in key real estate projects in the UAE.
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EMEA hotel investment ‘picking up’ |
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 The first half of 2010 has demonstrated that the EMEA hotel investment market is starting to pick up, with growth expected to accelerate even more in the second half of the year, according to a forecast.
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Jordan Steel profit plunges 65pc |
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 Jordan's top steel producer Jordan Steel posted a 65 per cent drop in first-half net profit to JD2 million ($2.8 million), financial statements released on Thursday showed.
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Philips OLED concept wins acclaim |
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 Philips Design, a leading design organisation, has received an honourable mention for its OLED luminaire concepts, ‘The Beauty of Interaction’, in the coveted ID Annual Design Review 2010.
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Mideast IT security to grow by 12pc |
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 IT security in the Middle East is projected to grow by 12 per cent over the next three years, as governments and financial institutions adopt advanced security solutions, according to market research company, RNCOS.
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Tamouh to deliver Marina project after Ramadan |
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 Abu Dhabi developer Tamouh said the handing over of its Marina Square project to end buyers will be finalised after Ramadan, following the receipt of mandatory approvals and certifications from regulatory authorities and utility service providers.
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P&G, IOC team up for Olympics |
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 Procter & Gamble (P&G), the US-based consumer products giant, and the International Olympic Committee (IOC) have joined forces for the next five Olympic Games, from London 2012 through the 2020 Olympic Games.
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US eyes $30bn Saudi arms contract |
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 The United States is working closely with Saudi Arabia on a possible arms sale worth close to $30 billion that includes 84 Boeing F-15 fighter jets and UH-60 Black Hawk helicopters, US government officials said.
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Empower adopts new system to save water |
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 Emirates Central Cooling Corporation (Empower), the largest district cooling service provider in the region, said it has adopted an innovative system in water recycling to reuse the chilled water several times aiming at remarkably saving energy.
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Kuwait Oil Company said on Thursday it has awarded Hyundai Engineering and Construction Company and Petrofac contracts worth KD520 million ($1.81 billion) to design and build pipelines.
The UAE Genetic Diseases Association (UAEGDA), the sole non-profit genetic organisation in the UAE, is on track to achieve its “UAE Free from Thalassemia 2012” initiative, it said in a statement.
Dubai-based Mashreq's second-quarter net profit more than halved from the previous year as the lender booked higher provisions against bad loans.
The franchising market of Saudi Arabia has been estimated to be worth SR3.75 billion ($1 billion) and is expected to grow by up to 12 per cent annually according to recent industry figures.
Egypt’s economic growth accelerated to an annualised 5.9 per cent in the three months to end-June, rebounding from the global downturn, a cabinet statement said yesterday.
UAE cooling firm Tabreed fell in early trade on Thursday after it asked its board of directors to approve a reduction in the firm's share capital.
A strong crop of results from carmakers Nissan Motor, Hyundai Motor and Volkswagen has failed to dispel fears of slowing demand from major markets such as China and the US.
A freak wave hit a Japanese supertanker passing through a strategic Gulf shipping lane, 
The Kuwait Food Company (Americana) said on Thursday its managers did not know of any offers to buy half of its shares.
The Arab League has agreed in principle to direct Palestinian talks with Israel provided the Palestinians see fit, Qatar's foreign minister said on Thursday.
The British Council has invited English language teachers in the Arabic speaking world to apply for its international English language teaching (ELT) awards.
A flour mill in Abu Dhabi is tendering to purchase 15,000 tonnes of hard wheat and 20,000 to 25,000 tonnes of yellow corn, European traders said on Thursday.
