Business & Management

Roots Steel acquires Ginco Steel LLC and Polyco Co. Ltd

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Roots Steel International Co. Ltd (Roots Steel Group), a leading Saudi Arabia-based manufacturer of pre-engineered metal building systems, announced the acquisition of two Sharjah-based companies - Ginco Steel LLC and Polyco Co. Ltd, both wholly owned subsidiaries of Bank of Sharjah.

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Abu Dhabi to impose waste disposal tax

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Abu Dhabi has told local companies they would have to pay tax for waste disposal services within a plan to be enforced very soon with the aim of easing the financial burden on the government and cutting waste dumping.

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Tripp Lite eyes more partnerships in Dubai

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Power protection, cooling and connectivity solutions provider Tripp Lite believes that Dubai remains a top choice in the region for companies to establish themselves in, a top official said.

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Nokia Siemens Networks completes Motorola Solutions acquisition

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Nokia Siemens Networks (NSN) and Motorola Solutions, Inc. announced that Nokia Siemens Networks has completed its acquisition of Motorola Solutions’ Networks assets paying US$975mn in cash.

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SEC announces Q1 2011 preliminary results

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Saudi Electricity Company's (SEC) net loss was significantly more than its estimates.

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