Tyco International Ltd. completes acquisition of 75 percent stake in UAE-based KEF Holdings. KEF Holdings is an integrated valve manufacturer and provide steel castings to oil and gas, chemical, mining, and power industries. With this investment, Tyco gets a platform...
Bank of Sharjah, which was the first Middle Eastern financial institution to borrow from the loan market following the global financial crisis, has mandated banks for a two year money deal. It is refinancing the $150m one year loan it...
The recharge scams have become a nuisance for phone users in the UAE. Between December 2010 and April this year, several people lost huge amount of money. While victims blamed the telephone companies, the phone companies pointed fingers at banks....
The Enforcement Directorate (ED) has been slapped a 7,100 crore penalty on Etisalat DB India for violating the Foreign Exchange Management Act (FEMA). The firm is issued a show cause notice for not reporting funds from abroad to the Reserve...
Dubai the once business hub and God of dream projects in real estate market in now facing a serious catastrophic break down. Property prices in Dubai is dropped upto 48 percent since last year and another 20percent is expected...
Incredible growth opportunities for UAE's Conferences and Events Industry Special to ArabianGazette.com: by Shveta Pathak Ludhiana, an industrial city located in the North of India, is home to some of the top names in the business world- Munjals of the two...
A top Saudi representative to the international labour body has suggested that expat workers who have been living in Gulf countries for 25 years or more should be granted free iqamas (work/residency permits) or permanent resident status outside the...