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.
Business & Management
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.
S&P rates DEWA and sees outlook stable
Standard & Poors 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.
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.
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.