Saturday, 25 May 2013 16:54
Posted by Muhammad Iqbal
RIYADH: A subsidiary of Dubai-based contractor Arabtec Holding has won 404-million Saudi riyals ($107.7 million) contract to build a hospital in Saudi Arabia, the company said in a statement on Saturday.The Aldara Hospital and Medical Centre is scheduled for completion in early 2015 and will house a 105-bed, six-storey hospital and two medical centres in the Saudi capital, Riyadh. The client is Aldara Medical Corporation, the statement said.The contract was awarded to Arabtec Terna, which is 60 percent owned by Arabtec, the company that built Dubai's Palm Island. The company said it wants to expand in the Gulf region and do more specialised construction projects.Copyright Reuters, 2013 ...
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RIYADH: A subsidiary of Dubai-based contractor Arabtec Holding has won 404-million Saudi riyals ($107.7 million) contract to build a hospital in Saudi Arabia, the company said in a statement on Saturday.The Aldara Hospital and Medical Centre is scheduled for completion in early 2015 and will house a 105-bed, six-storey hospital and two medical centres in the Saudi capital, Riyadh. The client is Aldara Medical Corporation, the statement said.The contract was awarded to Arabtec Terna, which is 60 percent owned by Arabtec, the company that built Dubai's Palm Island. The company said it wants to expand in the Gulf region and do more specialised construction projects.Copyright Reuters, 2013 ...
JAKARTA: Between 35 and 40 percent of workers at Freeport McMoRan Copper & Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a training tunnel collapse that killed 28 people, a union official said.The resumption of work was a possible sign that the firm was gearing up towards restarting operations at the world's No. 2 copper mine.Arizona-based Freeport suspended operations at the remote Papua mine on May 15 at ...
NEW YORK: Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch & Lomb from private equity owner Warburg Pincus LLC for about $9 billion, a person familiar with the matter said on Friday.The person requested anonymity because the matter is not public. Valeant and Bausch & Lomb could not be immediately reached for comment. Warburg Pincus declined to comment.The Wall Street Journal, which earlier reported on the talks, said a ...
BERLIN: Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels towards renewable energy, the International Energy Agency said on Friday.The IEA also said that Germany, with Europe's biggest economy, should make greater use of natural gas to smoothe the transition and reduce the use of coal so it can meet its carbon reduction targets to combat climate change.Given the scale of the ...
BUCHAREST: Romania put an attempt to privatise its rail freight business back on track on Friday, in line with conditions laid down by the IMF and EU, saying that three disqualified candidates had re-qualified.Under an agreement on financial help in 2011, the International Monetary Fund and European Union required Romania to privatise the company, CFR Marfa.The state intends to sell 51.0 percent of the company at a price set initially at 180 million euros ($233 ...
WASHINGTON: New orders for US durable goods recovered in April after March's slump, led by transportation equipment orders, government data released on Friday showed.After a sharp 5.9 percent drop in March, new orders for long-lasting manufactured goods rose 3.3 percent to $222.6 billion, the Commerce Department reported.The rebound was twice as strong as analysts expected and pointed to continued growth in the manufacturing sector.Transportation equipment led the advance, increasing 8.1 percent to $67.6 billion, the ...
MUMBAI: Shareholders of India's Jet Airways on Friday approved a deal in which Abu Dhabi-based airline Etihad will take a 24 percent stake in the private carrier, media reports said.Jet shareholders approved the proposed issue of shares on a preferential basis to Etihad, at an extraordinary general meeting held in the city, the Press Trust of India agency said.Shares will be allotted only after completion of all regulatory approvals."The commercial agreement with Etihad will help ...
