Business & Management

Sector ripe for M&A activity

A LOGISTICS EXPERT has said that the GCC's logistics sector is becoming increasingly appealing for merger and acquisition (M&A) activity in today's environment.

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Another world first for Mitsubishi

European production of the world’s first 4.0 to 5.0 tonne capacity hybrid forklifts will commence in 2011, according to sources at Mitsubishi Forklift Trucks.

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Termate simplifies switchboards

PRODUCTS THAT SIMPLIFY the construction and design of switchboards and other power assemblies are in the spotlight on the Termate stand.

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Omani authorities spend USD4 billion on utility and water projects

OMANI AUTHORITIES WILL spend US$ 4.2 billion on utility and water projects in the governorate of Muscat in the next few years. Omar Al-Wuhaibi, Chief Executive Officer of Oman Wastewater Services Company, said in a press statement that the forecast spending would cover projects, including water treatment plants and networks, in the Muscat region till 2017. Overall cost of projects, currently underway in the sultanate,  has amounted to around US$2 billion.

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10 billion dirham allocation to infrastructure in UAE

THE UAE HAS earmarked just about a third of its 2010 budget - 10.7 billion dirhams (US$2.9 billion) - to infrastructure projects, daily newspaper Gulf News reported recently.

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