Norwegian oil firm DNO International has announced its intention to acquire oil and gas fields from UAE-based Rak Petroleum for $250m of DNO stock, after pricing its shares in the upper range of the announced range, Reuters has reported. The company has added that the transaction values DNO International at $1.64bn corresponding to NOK 9.50 per share and RAK Petroleum’s operating subsidiaries at $250m (before working capital adjustments).Article » United Arab Emirates:Tuesday, September 06 - 2011 @ 10:10
Crush It! Also shows how anyone can build a career around what they’re passionate about. Gary will deliver both high-level and platform specific strategy, allowing participants to take advantage of the current business environment while …Article » Kuwait:Tuesday, September 06 - 2011 @ 10:10
A senior Iraqi oil official has revealed that Hess Corp has been excluded from competing in its fourth energy auction because the US oil firm signed deals with Iraq’s northern Kurdish region, Reuters has reported. Abdul-Mahdy al-Ameedi, director of the oil ministry’s contracts and licensing directorate has said that Hess was not included on a new list of 40 qualified firms issued on Monday, because the ministry is committed to not dealing with any oil company that signs oil contracts with the Kurdish regional government without the approval of the central government and the Iraqi Oil Ministry.Article » Iraq:Tuesday, September 06 - 2011 @ 10:10
Both exhibitions are organized by Expotim event management, and Move One is very proud to be a trusted logistics partner.
The Iraq Health Expo will focus attention on the state of national health care, one of …Article » Iraq:Tuesday, September 06 - 2011 @ 10:13
Honda is set to recall 1 million cars worldwide due to an electrical problem and a software glitch, CNN has reported. The Japanese automaker will recall 936,000 cars globally from its Fit and CR-V lines to replace the master switch for the cars’ power windows. A design flaw can allow residue from window cleaners to accumulate, which over time can degrade the switch’s electrical contacts and potentially cause a fire.Article » Middle East:Tuesday, September 06 - 2011 @ 10:21
The O!Play Mini Plus is also versatile, able to play content from a connected PC, smartphone or tablet, and even automatically playing files straight from a connected USB drive.
This set-top box provides limitless …Article » United Arab Emirates:Tuesday, September 06 - 2011 @ 10:32
Oman’s SMN Power Holding, a joint venture of UAE firm Kahrabel, Abu Dhabi-based Mubadala Development Company and Oman’s National Trading Company, is set to offer 35% of its shares in an initial public offering (IPO) on the Muscat bourse in a bid to raise OR25m ($64.9m), Reuters has reported. The company is offering 6.99 million shares at an offer price of OR3.52 per share. The offer period opens on September 11 and closes October 10, according to the prospectus.Article » Oman:Tuesday, September 06 - 2011 @ 10:38
A report by the Egyptian cabinet’s Information and Decision Support Center has shown that the country’s consumer confidence grew 7.4% month-on-month in August, Ahram has reported. The report based its findings on the increase of two basic indices – family income and Egyptians’ confidence in economic polices. The family income index climbed 48.5% in August to record 50.8 points, with 14.7% of those polled believing their financial condition would be better than last year.Article » Egypt:Tuesday, September 06 - 2011 @ 10:39
New data has shown that Kuwait’s consumer price growth slowed to 0.1% in July, compared with 0.2% in the previous month, Reuters has reported. The Gulf Arab country’s Central Statistics Office has revealed that Kuwait’s annual inflation eased to an 11-month low of 4.6% in July and edged up only slightly from the month before on higher food and transport prices. In Kuwait, inflation had been hovering above 5.0% since reaching almost a two-year high of 6.0% in December 2010, though it subsided to 5.0% in June.Article » Kuwait:Tuesday, September 06 - 2011 @ 10:39
Eminent German legal and financial adviser Dr Nicola Ritter has forecasted Qatar’s spending on hosting the FIFA World Cup 2022 will hit $170bn, The Peninsula has reported. Ritter elaborated during a summit of investors held at Munich, that the Gulf Arab state will spend $48bn to build air-conditioned stadiums, while $77bn will be channeled into making facilities to accommodate the flooding crowds of soccer fans and players from all over the world. He has added that the remaining $45bn will be allocated for developing the Lusail city which will come on area of 20 square kilometers located at North East of Doha.Article » Qatar:Tuesday, September 06 - 2011 @ 10:40