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Emirates Steel’s Board of Directors agreed at a meeting yesterday to appoint Engineer Saeed Ghumran Al Romaithi as the new Chief Executive Officer.
The Foreign Trade and Export Support division of the Abu Dhabi Department of Economic Development (ADDED) will hold seminars next month for Abu Dhabi based companies aimed at increasing their exports.
WASHINGTON — Federal Reserve Chairman Ben Bernanke makes clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and help reduce unemployment.
DUBAI — Meed forecasts that more than $80 billion worth of contracts will be awarded in Saudi Arabia in 2013, a 36 per cent increase from the total value of projects awarded in 2011, making the kingdom the number one opportunity in the Middle East region for contractors, consultants and vendors.
MANAMA — The GCC petrochemical capacity is estimated to increase from 77.3 million tonnes per annum, or MTPA, to 113 MTPA at the end of 2015 according to the Gulf Petrochemical and Chemicals Association, or GPCA, with both long- and short-term opportunities.
SEOUL — South Korea’s Samsung won a home court ruling in its global smartphone battle against Apple on Friday when judges in Seoul said the company didn’t copy the look and feel of the US company’s iPhone, and that Apple infringed on Samsung’s wireless technology.
BERLIN — Greece made little immediate progress in its quest for more time to carry out painful cuts during talks between its Prime Minister Antonis Samaras and Germany’s Chancellor Angela Merkel on Friday.
PARIS — France, following Germany’s lead, insisted on Saturday that Greece must stay in the eurozone but sidestepped its request for more time to implement the harsh austerity measures its creditors insist upon.
The Greek prime minister headed to Paris Saturday on the second leg of a trip to try and win more time for his country to meet a deadline to slash billions of euros (dollars) from its budget.
