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The Watch
Abu Dhabi to Complete $ 600 Mln Solar Plant This Year
Abu Dhabi Solar plant Shams 1 will be completed by the end of this year and will be ready to provide Abu Dhabi with…
DP World’s Net Profit Up 82% on Australian operations Sale
Dubai-based ports operator, DP World, said Thursday its full year net profit for 2011 went up 82 per cent to $ 683…
Mixed Reactions to Damas Takeover
Experts are of the opinion that the deal is likely to be a disadvantage to minority shareholders. The takeover of…
US Dollar Stabilizes Against Kuwaiti Dinar
Exchange rate of the US dollar against the Kuwaiti dinar stabilized, standing at KD 0.277 ($ 1), the euro also…
French Premier Upbeat on Oil-Release Prospects
French Prime Minister Francois Fillon on Thursday said he was optimistic about prospects for an agreement between…
ETHYDCO Awards Japan’s TOYO An Egyptian Ethylene Plant
The Egyptian Ethylene and Derivatives Co (ETHYDCO) has awarded Japan's Toyo Engineering Corp and ENPPI, an…
Facebook’s “IPO” Halts its Shares’ Trading
Facebook (FB), is halting the trading of its shares on secondary markets by the beginning of April as it prepares…
Kurdistan May Stop Crude Exports to Iraq
The Kurdistan Regional Government has said crude exports from the semi-autonomous region have dropped to 50,000…
Jordan, Palestinians Are Gas Export Priority: Israel’s Energy Minister
Uzi Landau said that the use of Israeli natural gas by our neighbors will create confidence and foster peace in the…
Mannai And Hermes Offer $445 mln Cash Bid For Damas
Mannai Corporation of Qatar and EFG-Hermes of Cairo have made a joint cash bid for Damas International,…