The Star Online: Business
The Star Online: Business |
- UAE's Etisalat, Spain's Telefonica to cooperate
- Emirates Aluminium plans US$4.5bil expansion
- Qatar to sell liquefied natural gas to Malaysia
| UAE's Etisalat, Spain's Telefonica to cooperate Posted: 24 Jul 2011 05:41 PM PDT DUBAI, United Arab Emirates (AP) - The United Arab Emirates' largest telecom, Etisalat, and Spain's Telefonica say they have signed a wide-ranging deal to cooperate across several business areas. The companies say the deal covers collaboration on technological standardization, research and development and the implementation of new services, among other areas. The statement was sent by Etisalat on Sunday but dated July 21. The two companies say the agreement will help them compete better in their own markets by increasing efficiency, boosting innovation and cutting costs. The deal takes effect immediately. Financial terms were not disclosed. Latest business news from AP-Wire Full Feed Generated by Get Full RSS, sponsored by Used Car Search. |
| Emirates Aluminium plans US$4.5bil expansion Posted: 24 Jul 2011 05:38 PM PDT DUBAI, United Arab Emirates (AP) - A government-run aluminum smelter in the United Arab Emirates plans to spend $4.5 billion to nearly double its potential output of the widely used metal. Emirates Aluminium said Sunday that its board approved the expansion plan to increase annual capacity to 1.3 million metric tons (1.4 million tons) by the end of 2014. The facility can now produce 750,000 metric tons (827,000 tons) of aluminum per year. The Emirates Aluminium smelter is located at al-Taweelah, a coastal industrial complex between Dubai and the Emirati capital, Abu Dhabi. The company is a joint venture between state-run Dubai Aluminium and Abu Dhabi government investment firm Mubadala Development Company. Latest business news from AP-Wire Full Feed Generated by Get Full RSS, sponsored by Used Car Search. |
| Qatar to sell liquefied natural gas to Malaysia Posted: 24 Jul 2011 05:36 PM PDT DUBAI, United Arab Emirates: Qatar's state-run Qatargas says it has agreed to sell 1.5 million tons of liquefied natural gas annually to Malaysia, locking in its first major customer in Southeast Asia. The company says it signed a preliminary agreement with Malaysia's Petronas LNG on Sunday in the Qatari capital, Doha. The supply deal is expected to start in 2013 and last for two decades. Financial terms weren't disclosed. Qatargas says the deal will satisfy about 5 percent of Malaysia's natural gas needs. Qatargas CEO Khalid bin Khalifa Al Thani says it's the company's first such deal in the region. Qatar holds the world's third largest natural gas reserves. It is the biggest supplier of liquefied natural gas, a supercooled form of the fuel transported on massive tanker ships. - AP Latest business news from AP-Wire Full Feed Generated by Get Full RSS, sponsored by Used Car Search. |
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