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  • riyadh power plant

    Saudi’s Al Fanar Co signs $800 million Islamic loan

    Al Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a 3 billion riyal ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday.

    July 3, 2012 5:22
  • 200-etisalat

    UAE overhauls Etisalat board after profit slump

    Eissa al-Suwaidi named chairman, replacing Mohammad Omran; Abu Dhabi ruler also appoints six new directors; Omran was Etisalat's chairman since 2005

    July 3, 2012 5:22
  • Lotos oil

    Poland’s Lotos takes first Saudi oil shipment

    Polish refiner Lotos has received a shipment of crude oil from Saudi Aramco , the possible first step in a long-term relationship between the two state-controlled firms, Lotos said on Tuesday

    July 3, 2012 5:21
  • 200-qatar-airways

    Qatar airways interested to launch airline in Saudi Arabia

    Qatar Airways is interested to launch an airline in Saudi Arabia and has held talks with the government on opportunities for a new start-up, the state-owned carrier said in a statement on Tuesday.

    July 3, 2012 1:40
  • UAE-economy-minister-cuts-2012-GDP-growth-outlook

    UAE business activity at 3-month low in June

    The HSBC UAE Purchasing Managers' Index, which measures the performance of the manufacturing and services sectors, fell to 53.2 points last month from an 11-month high of 53.8 in May.

    July 3, 2012 12:40
  • dubai-campaign

    Dubai’s GGICO signs debt restructuring deal

    GGICO signs debt restructuring with 25 lenders; Debt extended for 7 years, no amount given; Co has investments in manufacturing, industrials and retail

    July 3, 2012 11:40