Subject: Aramco and Dow to build $20bn plant; Kuwait's CBK rejects offers on price

From: ArabianBusiness.com AM<[email-masked]>
Date: Thu, 10 May 2007 20:47:36 +0000 (GMT)

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Thursday, 10 May 2007

Aramco and Dow to build $20bn plant
State oil giant Saudi Aramco is to sign a major deal with U.S. Dow Chemical Co. The joint venture Ras Tamura plant will be the largest of its kind in the world to be built from scratch.

TOP STORIES

Kuwait's CBK rejects offers on price

CBK says offered prices do not reflect fair value of share price, but door still open

Aldar to build Al Ain workers city

Aldar and ZonesCorp are to develop a 16,000 capacity workers residential city in Al Ain.

GCC will not go nuclear for 15 years

Kuwait's foreign minister says that planning, consultation and construction will take until around 2020.

ADSM urges foreign share ownership

Abu Dhabi bourse calls for companies such as Etisalat to widen their shareholder base.

COMMENT

Maxjet, max eco hit

Business class-only flights to the Middle East are for execs, not tree huggers, says Rob Corder.

BANKING & FINANCE

Amlak expects profits boost

The Islamic mortgage provider predicts profits will grow after UAE developer deals.

Alliance ask-price exceeds new limit

Shares in the Oman bank didn't trade on Wednesday following the bid from Bank Muscat.

Kuwait bourse ends MTC probe

Decision on MTC probe is expected within 10 days.

Dubai closes above 4,000 points

Amlak surges as Tamweel profits encourage investors.

CONSTRUCTION

Fluor lands $1bn contract with SIPchem

Engineering consultancy will lead development of a chemicals and plastics plant in Jubail, Saudi Arabia.

HEALTHCARE

Crackdown on Dubai's smokers

Municipality's drive to regulate lighting-up in public with new programme set for the emirate.

TECHNOLOGY

Batelco could lose monopoly

Bahrain's TRA considering equal opportunities for all operators.

TRAVEL & HOSPITALITY

'Islamic' hotel group to expand

The new hotel chain plans to expand its portfolio with up to 15 properties in Gulf region.

Marriott debuts in Abu Dhabi

Marriott International joins forces with Abu Dhabi National Hotels to bring the first JW Marriott to the UAE capital.

Westin heads to Jordan

Starwood announces plans to debut the Westin and The Luxury Collection brands in Jordan.

MOST POPULAR

Blaze on Dubai's Palm Jumeirah

Dubai to ban dangerous drivers from roads

World's biggest shopping zone set for Dubai

Abu Dhabi to open world's greenest city

Take to the air for the bigger picture

JOIN THE DEBATE

UAE construction workers given 'bonuses'

Mohammad Shakil: Appreciation »

10 May '07 at 08:36

Abu Dhabi to open world's greenest city

Daniel Alcon: Abu Dhabi's Green City »

10 May '07 at 08:05

Maxjet, max eco hit

Jason: MaxJet, Max Eco Hit »

10 May '07 at 00:15

Saudi Arabia to grant citizenship to expats

Anon: Saudi Arabia to grant citizenship to expats »

9 May '07 at 18:35

And for my next trick, you'll think you're in space

Carrie Hartford: Research »

9 May '07 at 17:48

Abbott drops price of its anti-AIDS medicines

R clinton: kaletra/aluvia »

9 May '07 at 13:25

Abu Dhabi to open world's greenest city

mike pickup: abu dhabi's green city »

9 May '07 at 12:31

Gazprom eyes Iran-India pipeline

David Ford: Good And Great Project and big help to India, Pakistan and etc »

9 May '07 at 11:24

Abu Dhabi to open world's greenest city

ZafarIqbal Choudri: GREENEST CITY »

9 May '07 at 11:15

Abu Dhabi to open world's greenest city

S Wilson: Abu Dhabi's green city »

9 May '07 at 10:05

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