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Iran signs $ 630m deal to produce strategic oil equipment
Source : Tehran Times  
Date : 2017-05-25
By signing a contract worth $ 630 million with an Iranian-Spanish consortium on Wednesday, Iran joined the world's manufacturers of special pipes, which are of strategic importance in the oil...
Iran, Syria discuss economic cooperation
Source : Islamic Republic News Agency  
Date : 2017-05-25
The Iranian delegation was headed by Saeed Ouhadi while Minister of Economic and Foreign Trade of Syria Mohammad Samer al-Khalil chaired the Syrian delegation in the meeting....
Election removes obstacles for new contracts
Source : Islamic Republic News Agency  
Date : 2017-05-25
Bijan Zangeneh, on the sidelines of agreement ceremony for manufacturing CRA (corrosion resistant alloys) pipes, told reporters that the main topic of the OPEC (Organization of the Petroleum Exporting Countries)...
India's 1st container ship docks in Chabahar
Source : Islamic Republic News Agency  
Date : 2017-05-25
Director General for Sistan-Baluchestan Department of Ports and Maritime Behrouz Aqaei told IRNA that Iranian and foreign businessmen may send their goods directly from India to Iran and vice versa...
Vietnam set to approve $7.5bn power plants
Source : The Peninsula  
Date : 2017-05-25
Vietnam expects to grant investment licences for three coal-fired power plants worth a combined $7.5bn in early June, Vietnam's Minister of Planning and Investment, Nguyen Chi Dung said....
Qatar Stock Exchange & Stenden University in Qatar sign MoU
Source : The Peninsula  
Date : 2017-05-25
Qatar Stock Exchange (QSE) and Stenden University in Qatar (SUQ) yesterday signed a Memorandum of Understanding (MoU) to promote partnership between the two sides....
Sembcorp JV to develop 300 MW Oman power project
Source : TradeArabia  
Date : 2017-05-25
Marafiq, a joint venture firm set up by Takamul Investment Company (a wholly-owned subsidiary of Oman Oil Company), and Singapore-based Sembcorp Utilities, is set to develop a 300 MW power...
UAE fund pumps $16bn into Arab infrastructure projects
Source : TradeArabia  
Date : 2017-05-25
UAE-based Abu Dhabi Fund for Development had invested a total of Dh80 billion ($22 billion) into key development projects, covering major sectors including infrastructure, education, health, housing, transport, irrigation, agriculture...
Abu Dhabi launches $3.2bn solar power plant
Source : TradeArabia  
Date : 2017-05-25
Abu Dhabi has launched a $ 3.2 billion project to build the world's largest independent solar power plant, which will position the Emirate as the global capital for best economic,...
PDO signs $35m deals with Omani firms
Source : Times of Oman  
Date : 2017-05-25
Petroleum Development Oman (PDO) has signed three contracts worth $35 million with Omani firms for the supply and servicing of compressors....
Invest in Sharjah opens new doors to Far East
Source : Gulf Today  
Date : 2017-05-25
As part of its ever-increasing drive to attract more foreign business into the UAE, the Sharjah FDI Office (Invest in Sharjah), the promotional arm of the Sharjah Investment and Development...
ADFD finances 17 projects worth Dhs5.6b
Source : Gulf Today  
Date : 2017-05-25
Abu Dhabi Fund for Development (ADFD) has overseen 17 development projects collectively valued at Dhs5.6 billion across seven countries, dispensed Dhs3.9 billion in concessionary loans to support a further four...
Fund established to build Darb Al Haramain complex valued at about SR4 billion
Source : Saudi Gazette  
Date : 2017-05-25
Al-Enmaa Investment Company has established a real estate development fund to build the Darb Al Haramain complex that costs about SR4 billion located in the old airport area in Jeddah,...
Are sustainable SMEs the solution to climate change?
Source : Khaleej Times  
Date : 2017-05-25
Sustainability as a corporate responsibility may have started as an ad-hoc damage control response to environmental accidents by multinational corporations but is now evolving into a proactive, coherent global trend...
Dubai mulls forming $1b shipping investment fund
Source : Khaleej Times  
Date : 2017-05-25
Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the maritime sector and ride out a global industry downturn, three finance sources familiar with...
OPEC, non-members move toward 9-month output cut extension
Source : Arab News  
Date : 2017-05-25
The Organization of the Petroleum Exporting Countries (OPEC) and non-member oil producers could deepen output cuts or extend them for a year at a meeting in Vienna this week, Kuwait...
Opec set to prolong oil output cuts
Source : Gulf Today  
Date : 2017-05-24
Opec will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a...
Qatar's power generation capacity to surge by 50%
Source : The Peninsula  
Date : 2017-05-24
Qatar's power generation capacity is projected to increase by 50 percent in the next two years....
Islamic finance is making a case for 'impact investment'
Source : Gulf Times  
Date : 2017-05-24
Islamic finance is increasingly being discovered as a vehicle to support sustainable development goals by investments in environmental projects, as well as to deal with challenges of poverty, social inequality...
UAE cbank to host IFSB Summit in Abu Dhabi
Source : TradeArabia  
Date : 2017-05-24
The Central Bank of the United Arab Emirates (CBUAE) is hosting the IFSB Summit 2017 in Abu Dhabi from October 23 to 26....
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