Business & Management
Yanbu Cement Company publishes Q2 2011 results
- Details
Yanbu Cement Company?s (YCC) recently released Q2 results that showed YoY growth on all profit lines stood at around 30 per cent.
Egypt seeks US$3bn to finance budget deficit
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Egypt is seeking to raise US$3 billion to finance its budget deficit for the 2011-12 financial year, its Finance Minister Samir Radwan said in Dubai.
Tyco completes KEF acquisition
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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.
Nokia Siemens Networks signs Saudi joint-venture agreement
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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.
S&P rates DEWA and sees outlook stable
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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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