Technology

Modon has spent US$1.86 billion on industrial cities

Modon revealed that the total cost of the establishment, expansion and development of industrial cities in Saudi Arabia over the past four years has amounted to about US$1.86 billion.

Dubai to launch gas strategy

Dubai will launch a gas strategy next year aimed at reducing rising energy demand in the emirate and will tender to appoint a specialist consultant for the plan by year-end, the emirates top energy council said.

Drake and Scull posts stronger Q2 revenues

Drake & Scull International PJSC (DSI) reported higher profits and revenues for the second quarter 2011. Net income increased by 22 per cent to hit US$14.9mn compaired with US$12.25mn last year.

Ducab sales jump 50 per cent in first half

Ducab, manufacturer of power cables in the Middle East, saw sales of US$660mn for the first 6 months of 2011 ? a 50 per cent increase on last year and jump in volume growth by 13.5 per cent.

Wema Bank selects Infosys' Finacle to enhance retail banking services

Wema Bank Plc ? Nigeria, has selected Finacle as its banking solution, aimed at strengthening its retail banking services over 150 branches in its home market.

Infosys Ltd and Wema Bank recently announced that the Nigerian commercial bank has selected Finacle as its banking solution, aimed at strengthening its retail banking services over 150 branches in its home market.