Business & Management
DIFC expected to double in size by 2016
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Dubai International Financial Centre (DIFC) could double in size over the next five years, according to Abdulla Mohammed Al Awar, CEO of the DIFC Authority (DIFCA).
Omantel reports 10.3 per cent rise in Q4 profit
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Oman Telecommunications Co (Omantel) reported a 10.3 per cent rise in Q4 net profit as the operator's subscriber base grew.
QEWC to acquire stake in Jordanian power plant
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Qatar Electricity & Water Co (QEWC) has agreed to buy a 23.3 per cent stake in Jordan's Amman East power plant from a Bahraini infrastructure fund.
GCC exports to Brazil reached US$4.2 billion in 2011
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Brazil is a key trading partner of GCC countries with total imports reaching US$4.2 billion during 2011.
Perkins appoints regional distributor
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Perkins has appointed Power Systems Gulf LLC (PSG) as the regional distributor for the Arabian Gulf with responsibility for Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE and Yemen.
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