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20 Oct 2014

First phase of Arabtec housing project to start before year-end

UAE-based construction company Arabtec said it will commence with the first phase of its project building 1 million residential units before the end of 2014, the company said on Sunday.


Arabtec"...

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20 Oct 2014

REUTERS SUMMIT-Egypt planning minister calls for legal review, 'economic revolution'

Egypt needs an "economic revolution" to recover from damage caused by political instability as it seeks to attract billions of dollars in foreign investment and repair its state finances, planning minister Ashraf al-Arabi said.


The"......

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20 Oct 2014

Moody's raises Egypt's outlook to stable on political stability, improved growth

Moody's raised Egypt's credit ratings outlook to stable from negative on Monday, citing a more stable political and security situation and signs of economic recovery.


It"......

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20 Oct 2014

Israel's Tamar Partners Sign Letter of Intent with Egypt's Dolphinus Holdings

Israel’s Tamar Partners have signed a letter of intent (LoI) with Egypt’s Dolphinus Holdings Limited to supply five billion cubic meters (bcm) of natural gas, Delek Group, one of the partners in Tamar field, said on Sunday.


Dolphinus"......

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20 Oct 2014

Egypt signs pacts to dredge new Suez Canal

Egypt has signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah Al-Sisi’s programme to revive the economy.

The companies are National Marine Dredging Company of the United Arab Emirates; Royal Boskalis Westminster and Van Oord, both based in the Netherlands;...

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20 Oct 2014

Egypt's natural gas exports down 86% y-o-y in August

Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.

Egypt's exports of natural gas in August witnessed an 86 percent drop compared to the corresponding month of the previous year, the state-run Information and Decision Support Centre (IDSC) reported on Sunday.

"...

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20 Oct 2014

ZTE Sets World Record in Single Carrier 400G Ultra-Long Transmission

(ME NewsWire)-- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has achieved"...

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20 Oct 2014

ZTE Wins 30.77% Share of China Mobile Tender for High-Performance Routers

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, is pleased to be awarded 30.77% of China Mobile Group’s annual tender for high-performance"...

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20 Oct 2014

Schlumberger Announces Third-Quarter 2014 Results

Schlumberger Limited (NYSE:SLB) today reported third-quarter 2014 revenue of $12.6 billion versus $12.1 billion in the second quarter of 2014, and $11.6 billion in the third quarter of 2013. Third-quarter revenue was up 5% sequentially and increased 9% year-on-year with International Areas"...

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20 Oct 2014

MENA M&A Market Prolonging Recovery

Despite pausing in the past 3rd quarter, the MENA M&A market prolonged, during the first 9 months of the year 2014 (9m14), its recovery path initiated post-financial crisis and in the aftermath of the Arab Spring. The strengthening economic fundamentals, the amelioration in the risk"...

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