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Dubai-based Alam Steel Ltd yesterday announced a Dh100 million joint venture with South Africa’s Macsteel SA as part of a Dh1 billion five-year expansion programme across the Gulf region. The 50:50 joint venture facility in Jebel Ali Free Zone, to be operational within a year, will be Middle East’s first service centre for processing high [...]
Nokia is paying €264 million to buy-out the other shareholders in handset software firm Symbian, a move believed to be an attempt to compete with, among others, Google’s planned Android operating system. The Finnish vendor, which already owns 48 percent of the UK-based software firm, said Sony Ericsson, Ericsson, Panasonic and Siemens had agreed to [...]
Larsen & ToubroLarsen & Toubro India’s biggest construction and engineering company, is planning to bid for the Muscat airport development. Larsen & ToubroLarsen & Toubro is pre-qualified for the multimillion project, which will have several packages, sources familiar with the development said. Each package will be tendered separately.
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MOSCOW, May 7 (Xinhua) — Russia’s new president Dmitry Medvedev was sworn in on Wednesday, succeeding Vladimir Putin two months after he swept the country’s presidential election. The inauguration ceremony was held at the St. Andrew Hall of the Great Kremlin Palace in central Moscow at noon and attended by senior officials as well as [...]
As UAE business leaders seek stronger economic ties with the world’s fastest growing economy, State-owned conglomerate Dubai World has launched a Chinese-language website. The website was launched on Wednesday, coinciding with a visit to China by Sheikh Mohammed bin Rashid Al-Maktoum,
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Cavotec Middle East FZE, the leading supplier of environmentally friendly power solutions, has opened its Wibe Technical Academy.
Cavotec’s intention is to regularly hold courses and train installers as well as consultants in Wibe’s Cable Support Systems, said an official spokesman.
“We are very pleased to initiate the academy for the first time in the [...]
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