UAE

Etisalat Buys 45% In Swan For $900 Mn

UAE based Emirates Telecommunications Corp (Etisalat), acquired a 45% stake in Etisalat Buys 45% In Swan For $900 Mn Swan Telecom, the Mumbai-based Dynamix Balwas Group company for $900 million. It would ease the entry of the foreign telecom firm in the Indian telecom sector. Etisalat had already paid the required telecom license fee. Swan had also paid fees to operate in 13 telecom circles of India. However, total amount of $400 million as license fee, is required to cover total 22 telecom sectors of India.

King Khan Becomes Property Builder in UAE

SRK, the bollywood king, is trying his hands in property development in UAE. His first King Khan Becomes Property Builder in UAE Project is called Shah Rukh Khan's Boulevard and is situated on the island of Al Dana in Ras AL Khaimah. The island covers an area of 1700 sq km and is among the seven Emirates that form the UAE along the border of Oman. The development will consist of one and two bedroom apartments, designed by well-known architect Toni Ashai. 

The announcement of the project is going to be made at the real estate expo City Scape [in Dubai] to be held from October 6 to 9.

Fire in Kuwait's largest oil refinery contained

KNPCKuwait - A major fire that broke out on Wednesday morning in an oil refinery in Kuwait is now under contro

Burj Dubai becomes the tallest man-made structure on earth

Dubai BurjDubai - Burj Dubai, or Dubai tower, is now the world's tallest man-made structure after reaching a new record height of 688 metres, a statement by its developer Emaar Properties company read on Monday.

The tower surpasses the KVLY-TV mast in the US state of North Dakota, which has held the record for the world's tallest supported structure since 1963, has a height of
628.8 metres.

At over 160 storeys, the tower is taller than the Taipei 101 building (508 metres) in Taiwan and the CN Tower (553.33 metres) in Toronto, Canada.

UAE protests to the UN over Iran's office in disputed island

Ban praises Cyprus leaders for upcoming peace talks Abu Dhabi - The United Arab Emirates (UAE) has filed a complaint to the United Nations against Iran for establishing offices on disputed islands in Gulf waters, the official Emirates news agency reported on Friday.

The agency reported that the UAE government has sent a letter to UN Secreatary General Ban Ki-Moon protesting the Iranian move, which it regards as one that would negatively affect bilateral relations.

BHEL pockets order worth Rs 140 crore from UAE-based firm

BHEL pockets order worth Rs 140 crore from UAE-based firm

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