Qatar First Investment Bank(QFIB),Qatar's first independent Shari'ah compliant bank authorized by the QFC regulatory authority,announced the acquisition of a 40%stake in English Home,the leading retailer of home textile products in Turkey. ...
Tags: QFIB, acquisition, home textile products
Saudi Aramco is "diligently" exploring shale gas reserves in Saudi Arabia, however uncertainty reigns over whether such reserves could be tapped by petrochemical companies, top officials from the country's petrochemicals industry said ...
Yonhap reported that the South Korean economy will likely expand at a lower than expected rate in 2013 due to the sluggish economic recovery in advanced countries. Morgan Stanley said that South Korea's gross domestic product is predicted ...
Tags: Morgan Stanley, South Korean economy, economic recovery
Gulf News reported that Citadel Capital SAE has agreed with Qatari investors to import liquefied natural gas into Egypt from mid 2013. Citadel Capital said that the JV which will be 51% owned by Qatari investors and investment bank ...
Tags: LNG, liquefied natural gas, LNG storage, floating LNG storage
Far from tanking–or failing to live up to expectations–as many had speculated,Microsoft has sold some 40 million licences for its new operating system,Windows 8. The claims were made by Tami Reller,finance and marketing head ...
Tags: Windows 8, Windows 7, Microsoft's Windows business head, Tami Reller
Just two weeks after revealing its plans for adopting ARM for low-power server technology,chip designer AMD has put itself up for sale–with a slew of industry companies,including Intel,Google,Samsung and Facebook–mentioned as ...
Tags: Ailing AMD, Chip Maker Calls, Jp Morgan
American manufacturing companies are marching on Moscow. At a time when tepid growth at home, a slowing Chinese economy and recession in much of Western Europe is dogging Corporate America, Russia is getting newfound attention as a growth ...
Tags: Market View
IDG News Service-Mobile payments with Google Wallet are growing fast,but the road to wide acceptance of NFC in the U.S.will be slow,the head of Google's payments unit said Friday. The number of NFC(near-field communication)transactions ...
Tags: Google, Mobile payments, cloud-based version
The Wet Seal Inc., a leading specialty retailer to young women, announced the appointment of four new members to its Board of Directors and the appointment of Lynda J. Davey as Chairman of the Board. The Board of Directors also established ...
Tags: chairman of board, board members, Wet Seal
US dairy giant Dean Foods has said it is considering the sale of its Morningstar business,a producer of creams and cultured dairy products for foodservice and own-label firms. Dean Foods issued a statement yesterday(26 September)after a ...
Outotec will invest the funds between 2012 and 2015 in research activities focusing on the development of sustainable technologies that enable Outotec's customers to maximise the recovery of minerals and minimise environmental impacts,while ...
Tags: Outotec, R and D loan, EIB
Goldman Sachs is launching a new datacentre strategy to achieve higher cost savings and improved IT energy efficiency.The investment bank will replace its existing real estate-based datacentre infrastructure with modular datacentre ...
Tags: Goldman Sachs, modular datacentres, save costs, IO, data
Intel is talking to Cisco about becoming its foundry,says investment bank Piper Jaffray. According to the bankers,the deal could be worth$1bn a year to Intel. Cisco would be Intel's fourth announced foundry partner but by far the ...
Tags: Intel, Cisco'S Foundry, Partners, Netronome
Chinese solar companies have begun a round of belt-tightening as they struggle to maintain operations and pay down looming debt obligations,but layoffs might impede their ability to build market share if global demand for solar-powered ...
Tags: Solar Companies, Slash, belt-tightening
Dubai Group is in talks to sell its 45 percent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. Lafarge ...
Tags: market view, cement