Business & Management

Omani construction spending to increase in 2012

Omani_construction

Government spending in Oman is set to increase by nine per cent in 2012 from this year to finance construction projects and create more jobs for nationals.

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Modon has spent US$1.86 billion on industrial cities

Tawfig-Bin-Fawzan-Alrabiah

Modon revealed that the total cost of the establishment, expansion and development of industrial cities in Saudi Arabia over the past four years has amounted to about US$1.86 billion.

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Dubai to launch gas strategy

Saeed_Mohammed_Al-Tayer

Dubai will launch a gas strategy next year aimed at reducing rising energy demand in the emirate and will tender to appoint a specialist consultant for the plan by year-end, the emirate's top energy council said.

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Drake and Scull posts stronger Q2 revenues

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Drake & Scull International PJSC (DSI) reported higher profits and revenues for the second quarter 2011. Net income increased by 22 per cent to hit US$14.9mn compaired with US$12.25mn last year.

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Ducab sales jump 50 per cent in first half

Ducab_2011

 Ducab, manufacturer of power cables in the Middle East, saw sales of US$660mn for the first 6 months of 2011 – a 50 per cent increase on last year and jump in volume growth by 13.5 per cent.

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