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News & Views General UAE based Etisalat is bidding to acquire the mobile-phone assets of Sri Lanka based Millicom International Cellular SA to expand overseas. Jotun Paints won EGP 1 Mn worth contract from Alexandria Governmental Bureau and Arab Contractors Company for the delivery of 40 tons of white and yellow ‘Road Marking Paint’. Kuwait [...]
News & Views General Depa won AED9.2 Mn worth contract in Angola to diversify its revenues and face the downturn in the domestic market. Yahoo announced to acquire Arabic online portal Maktoob.com to expand in the Middle East. Yahoo will buy 100% stake in Maktoob.com and Maktoob Research. Egypt’s economy is estimated to grow by [...]
News & Views General * The United Arab Emirates plans to guarantee bank bond sales to intensify efforts to shore up the financial system after pledging AED120 Bn to boost liquidity in the economy. * Switzerland-based BSI bank’s Bahrain branch is considering joint ventures with Gulf partners as well as acquisitions, as part [...]
London, Tuesday, February 24, 2009 ARANCA News Report (www.aranca.com) : The federal government of the United Arab Emirates (UAE) stepped in help ease liquidity in the emirate of Dubai amidst mounting concerns that the city-state will struggle to pay off its heavy debt borrowed to finance its expansion into a trade and tourism hub. As part [...]
Healthcare demand is estimated to rise 240% in the GCC region by 2028. High-income countries such as the UAE, Kuwait, and Saudi Arabia spend only 2.2 to 3.4% of GDP on healthcare. These levels are expected to increase in future. Spending is expected to increase 419% more on cardiovascular treatment, 323% on diabetes treatment and [...]
London, Friday, January 04, 2008 ARANCA News Report (www.aranca.com) :Inflation will continue to rise in the Gulf states as the high price of oil leads to huge windfall profits for the oil producing countries, according to Standard Chartered. The region produces around a quarter of the world’s oil supply and Saudi Arabia, the United Arab [...]
