EDF and Areva open Riyadh office
EDF and Areva have opened a joint office in Saudi Arabia?s capital Riyadh in an attempt to target the Kingdom?s growing solar and nuclear industries
Business & Management
GCC non-oil growth to continue in 2012-13
Non-oil industrial growth across the GCC has been predicted at nine per cent for 2012-13 by QNB Group. (Image source: Moushira)
Economies across the GCC have been predicted to continue growing strongly after experiencing growth at 4.6 per cent annually during 2010-2011, according to a new report by Qatar National Bank (QNB) Group
Jotun posts strong growth for Q1
Jotun Group has recorded a nine per cent growth in operating revenues in Q1 2012 as regional sales in the powder coatings and paints divisions increased
Nass defies market conditions to post Q1 profit growth
Bahraini construction firm Nass Corporation has announced a net profit of BHD 1.938 million (US$5.1 million) for the first quarter of 2012, representing a slight rise from the BHD 1.827 million (US$4.8 million) posted for the same period in 2011
GDF Suez sells stake in Bahrain power plant
The GDF-International Power combine will hold a 30 per cent stake in the Al Hidd plant. (Image source: desalination.biz)
GDF SUEZ and International Power have completed the sale of Bahrains Hidd Power Company (HPC) to Malakoff International Ltd for US$113.4 million
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