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2011-08-02 06:36:00

RIYADH, Saudi Arabia, Aug. 2, 2011 /PRNewswire/ -- Chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who initiated and has been the driving force behind the decision to build the world's tallest building in the Kingdom of Saudi Arabia, is pleased to announce on 2nd August 2011, that the contract for construction has been signed and Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia. Kingdom...

2011-02-15 06:15:00

DUBAI, UAE, February 15, 2011 /PRNewswire/ -- The Al Dobowi Group recently celebrated 35 years of operations in the UAE. This fourth generation tyre business was started in the Middle East to address the needs of a growing tyre management and service industry in the Middle East. Today it has grown to become a leading global player in the industry providing clients with superior services and unique solutions to their problems across three continents. The Group has grown beyond tyre...

2010-11-10 23:05:00

AMSTERDAM, Nov. 11, 2010 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap", NYSE: AER) announced that today it has completed the transaction with Abu Dhabi-based investment holding company Waha Capital PJSC ("Waha", ADX: WAHA), which was previously announced on October 25, 2010. As part of this transaction, AerCap has sold a 20% stake in the company by issuing approximately 29.8 million new shares to Waha today. In exchange, AerCap has received $105 million in cash, Waha's 50%...

2010-10-25 06:00:00

AMSTERDAM, Oct. 25 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) announced that it has signed an agreement today with Abu Dhabi-based investment holding company Waha Capital PJSC ("Waha", ADX: WAHA), under which Waha will acquire approximately 29.8 million shares in AerCap in exchange for $105 million in cash, Waha's 50% interest in AerVenture and the transfer of a 40% interest in Waha's 16-aircraft portfolio . The total consideration for the shares in AerCap is...

2010-09-19 23:59:00

RIYADH, Saudi Arabia, September 20, 2010 /PRNewswire/ -- - Prospero Implemented for Both Asset Management and Wealth Management SAGE, the publisher of banking solutions specialized in the development of wealth and asset management systems, is pleased to announce that Global Investment House (http://www.globalinv.net/) in Saudi Arabia started the implementation of Prospero (http://www.sage.ch/index.php?id=prospero) as its front- to back-office platform for its Investment...

2010-01-18 05:01:00

DUBAI, UAE, January 18 /PRNewswire/ -- Grandweld, a United Arab Emirates-based shipbuilding, ship repair and conversion specialist, has secured a major contract worth US$128 million for the construction of three new Salvage Tugs for Sogeport-GICEP of Algeria. Grandweld is a division of GMMOS Group, a leading provider of marine services to the offshore oil & gas industry backed by Abraaj Capital and Waha Capital. "This contract for three 58m Salvage Tugs is yet another achievement...

2009-12-30 04:01:00

DUBAI, UAE, December 30 /PRNewswire/ -- UAE based GMMOS Group, backed by Abraaj Capital and Waha Capital, has acquired 100% of the share capital of Minnow Marine Projects Limited (MMPL) through its newly formed Singapore based division Stanford Asia. MMPL founder and CEO Robin Reeves will remain actively involved in the further development of the combined group as head of Stanford Asia. According to Elias Nassif, CEO of GMMOS Group, Stanford plans to make additional acquisitions in the...

2009-12-20 04:00:00

DUBAI, UAE, December 20 /PRNewswire/ -- Private equity backed Gulf Marine Maintenance and Offshore Service Company ("GMMOS"), a leading United Arab Emirates based provider of marine services to the offshore oil & gas industry, announced today the acquisition by Stanford Marine, its chartering division, of five offshore support vessels (OSV) as part of Abraaj Capital and Waha Capital's expansion strategy for the business. The acquisitions, comprising two 5150 bhp Anchor Handling...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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