middle east news

Mubadala to boost spending in 2011

Abu Dhabi-based Mubadala Development Company will boost its spending to around 60 billion dirhams this year, according to a report by Bloomberg News.
Mubadala to boost spending in 2011

Petrofac wins Iraq contract

UK-based oil and gas services provider Petrofac has won a contract worth over $240 million (£149 million) from Shell Iraq to develop facilities in the Majnoon Field.
Petrofac wins Iraq contract

Polarcus wins seismic survey contract

UAE-based Polarcus has signed a letter of intent with Lansdowne Oil & Gas for a 3D seismic project in the Celtic Sea off southern Ireland.
Polarcus wins seismic survey contract

ITF to open Middle East base

Not-for-profit oil and gas technology facilitator ITF has announced it is to open a new office in the Middle East.
ITF to open Middle East base

Foster Wheeler clinches Zirku contract

Switzerland-based engineering and construction group Foster Wheeler has won a contract to carry out an availability and reliability study on the possible expansion of Abu Dhabi’
Foster Wheeler clinches Zirku contract

IPIC buys TotalÔÇÖs stake in Cepsa

Abu Dhabi’s sovereign wealth fund, International Petroleum Investment Co., is to take control of Cia.
IPIC buys TotalÔÇÖs stake in Cepsa

Rolls-Royce signs Emirates deal

Rolls-Royce has signed a long-term service contract with Emirates worth £1.4 billion.
Rolls-Royce signs Emirates deal

Etihad Airways eyes Virgin Atlantic

Abu Dhabi's Etihad Airways has expressed “top level interest” in the UK airline Virgin Atlantic, according to reports.
Etihad Airways eyes Virgin Atlantic

Iraq gives Shell green light to build dock

Iraq has given the go-ahead for Royal Dutch Shell to build a dock in the Shatt al-Arab waterway, to help move heavy equipment to the Majnoon oilfield.
Iraq gives Shell green light to build dock

IsraelÔÇÖs Koor to sell MA Industries

Israel’s Koor Industries has announced the sale of its subsidiary MA Industries, the world’s biggest maker of crop protection chemicals, to China National Chemical Corp (ChemChi
IsraelÔÇÖs Koor to sell MA Industries

Qatar may develop North Field for World Cup

HSBC Holdings has said in a report that Qatar may have to lift a moratorium on further development at North Field, the world's largest natural gas reservoir, in order to generat
Qatar may develop North Field for World Cup

Emirates profits quadruple

Profits at the Middle East airline Emirates more than quadrupled in the first half of this year, thanks to increases in both passengers and cargo.
Emirates profits quadruple

Etisalat bids for Zain

Emirates Telecommunications Corporation, better known as Etisalat, has submitted a preliminary conditional offer to buy a 46 percent stake in Kuwaiti mobile telecommunications o
Etisalat bids for Zain

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