Business & Management

GCC economy to exceed US$1 trillion

GCC_economy

Higher crude prices and output will likely boost the combined nominal GDP of Gulf oil producers to a record high of more than US$1.1 trillion in 2011 while their economies could fully recover within two years, a semi official study has said.

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Deal signed for Syrian plant

Deal_Syrian_plant

Cemena Holding Company, a Middle East and North Africa (Mena)-based cement holding company, yesterday said it has signed an agreement with Sinoma CBMI Construction Company Ltd., a subsidiary of Sinoma Group, to commence construction of a cement plant in Syria.

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DSI partners with Zamil

DSI_Zamil

Drake & Scull International (DSI) has announced its partnership with Zamil Group Holding Company in Saudi Arabia.

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New electricity plant in Qatar by 2016

Qatar_electricity_plant

Qatar is intending to set up a new electricity plant with a capacity of up to 5,000 megawatts by 2016 in order to meet rising energy demands according to a senior official from Qatar Electricity and Water Company (QEWC).

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ABB aids Kuwait

ABB_Kuwait

ABB has signed an agreement with Kuwait's central power and water utility, to provide maintenance services related to the Doha East power station and the Shuwaikh desalination plant.

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