Honeywell announced the establishment of a new facility in the UAE, to strengthen customer support in the Middle East for its Process Solutions and Scanning & Mobility businesses.
Technology
Omantel reports 10.3 per cent rise in Q4 profit
Oman Telecommunications Co (Omantel) reported a 10.3 per cent rise in Q4 net profit as the operators subscriber base grew.
QEWC to acquire stake in Jordanian power plant
Qatar Electricity & Water Co (QEWC) has agreed to buy a 23.3 per cent stake in Jordans Amman East power plant from a Bahraini infrastructure fund.
GCC exports to Brazil reached US$4.2 billion in 2011
Brazil is a key trading partner of GCC countries with total imports reaching US$4.2 billion during 2011.
Perkins appoints regional distributor
Perkins has appointed Power Systems Gulf LLC (PSG) as the regional distributor for the Arabian Gulf with responsibility for Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE and Yemen.