Business & Management

Tyco completes KEF acquisition


Tyco International Ltd announced that it has completed its acquisition of a 75 per cent equity stake in United Arab Emirates-based KEF Holdings Ltd. (KEF), an integrated valve manufacturer and provider of steel castings to the oil and gas, chemical, mining and power industries.

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Nokia Siemens Networks signs Saudi joint-venture agreement


Nokia Siemens Networks signed a strategic partnership agreement with Al Sarya Telecommunications Company and Belal Company, both of Saudi Arabia (members of Ghazzawi Group of Companies) to establish Nokia Siemens Networks al Saudia Ltd as a joint-venture company.

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S&P rates DEWA and sees outlook stable


Standard & Poor's Ratings Services assigned a 'BBB-' long-term corporate credit rating to Dubai Electricity and Water Authority (DEWA), the public provider of electricity and water services. S&P set their outlook for DEWA as stable.

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Etihad Rail and du sign MoU


Etihad Rail signed a strategic 'Memorandum of Understanding' (MoU) with du that will see both companies collaborate on the telecommunications front for the upcoming national freight and passenger railway network.

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UAE public supports the country's nuclear energy program


A recent national poll conducted by the Emirates Nuclear Energy Corporation (ENEC) revealed that the UAE public continue to support the UAE?s nuclear energy program.

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