SunTec wins two strategic customers in Middle East

September 8th, 2009 DUBAI - The Global Competitiveness Report 2009-2010 released by the World Economic Forum places the United Arab Emirates (UAE) and Qatar at the top position in the Middle East region, WAM news agency reported Tuesday. A number of countries in the Middle East are in the upper half of the rankings, led by Qatar, UAE, Saudi Arabia, Bahrain, Kuwait and Tunisia, with particular improvements noted in the Gulf states, which continue their upward trend of recent years.

August 28th, 2009 Strategic Hotels names 2 independent board membersCHICAGO — Strategic Hotels & Resorts Inc. said Thursday that it has named Raymond L.

August 21st, 2009 KBR forms new business unitHOUSTON — KBR Inc. formed a new business group to serve customers in North America, the Middle East, United Kingdom and Australia.

August 18th, 2009 CBI unit wins $40 million ethylene plant contractTHE WOODLANDS, Texas — A subsidiary of Chicago Bridge & Iron NV said Tuesday it won a contract worth about $40 million to supply eight heaters to an ethylene plant in Taiwan. The Lummus Technology subsidiary said it won the contract from CTCI Corp.

July 27th, 2009 HYDERABAD - City-based 160by2.com, one of the leading free SMS service providers in the country, has launched a service for its customers to send free text messages to and from the Middle East. "The first-of-its-kind service is open to all internet users in India and enables free SMS connectivity to mobiles in these countries and vice versa.

June 23rd, 2009 Geithner plans trips to Europe and Middle EastWASHINGTON — Treasury Secretary Timothy Geithner will travel to the Middle East and Europe next month for a series of meetings to discuss global economic issues. The Treasury Department said Tuesday that Geithner will meet with officials in Britain, Saudi Arabia, the United Arab Emirates and France to discuss the global economic downturn and financial crisis before a leaders' summit of the Group of 20 nations in September in Pittsburgh.

June 19th, 2009 CHENNAI - As the first step to going global, the city-based Paramount Airways will buy 10 A321 aircraft for $1.5 billion from European aircraft manufacturer Airbus. An agreement signed at the ongoing Paris Air Show also provides the Indian carrier airline an option for purchasing 10 more aircraft, Paramount said Friday.

June 12th, 2009 Utilities profit from lower electricity salesDuke Energy Co. reached a deal with environmental groups Friday that allow the power generator to charge customers more money even if they use less electricity.

June 2nd, 2009 GM assures Mideast it remains open for businessDUBAI, United Arab Emirates — General Motors' Middle East head said the oil-rich region's operations are a "vibrant" part of the automaker and remain open for business, despite its bankruptcy protection filing. In a briefing with reporters in Dubai on Tuesday, the company's Middle East President Mike Devereux emphasized GM's commitment to the region and said none of the auto maker's Mideast operations is affected by Monday's filing — the fourth-largest in U.S.

May 9th, 2009 NICOSIA - The Bahrain Petroleum Company (BAPCO), which wholly owned by the government of Bahrain, has just completed the feasibility studies for four to five projects expected to cost five billion dollars. BAPCO is involved in oil prospecting, drilling, production and distribution, sales and exports of petroleum products, natural gas and refined products.

March 14th, 2009 HYDERABAD - Magazine Publishers Association of Singapore (MPAS) with support from city-based digital publisher Pressmart has launched Singapore magazine awards to recognise the best magazine publishers in that country. Awards will recognise publishers for the best magazine front cover design, front cover/feature story in consumer, trade and contract categories and the best visual series in photography, said a statement by Pressmart here Friday.

March 12th, 2009 TRIVANDRUM - SunTec business solutions, the leading provider of Relationship-based Pricing and Centralized Billing solutions, today announced that its flagship product for the financial services vertical - TBMS-F is compliant with TWIST's (Transaction Workflow Innovation Standards) Bank Services Billing Standard (BSB). TWIST BSB was created at behest of a group of over 80 corporations.

February 5th, 2009 THIRUVANANTHAPURAM - Kerala Chief Minister V.S. Achuthanandan Friday asked the central government to help the large number of the state's diaspora who have lost their jobs in the Middle East.

January 6th, 2009 NEW DELHI - 'Think, plan and act' is the mantra of Funskool's new range of strategic games that have been conceptualized by the IIT-Mumbai students and promise to improve your logical abilities. Industrial Design Centre (IDC) of IIT-Bombay has designed these games and Chennai-based toy and game manufacturer Funskool is producing and marketing them.

December 23rd, 2008 THIRUVANANTHAPURAM - The impact of the global economic crisis on Kerala would depend on what happens in the Middle Eastern economies, said a report by the city-based Centre for Development Studies (CDS). The CDS, which was asked to prepare the report on the global slowdown, has identified six possible areas that could affect the state economy.