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DGW signs strategic pact with Arabian Automobiles

DUBAI / Emirates Business The Dubai Government Workshop (DGW) has revealed the signing of a strategic Memorandum of Understanding (MoU) with Arabian Automobiles, a part of the AW Rostamani Group. Under the terms of the newly-signed agreement, maintenance services will be provided to Nissan vehicles at the DGW’s workshop facilities in collaboration with Arabian Automobiles. HE Humaid Sultan Al Mutaiwee, ...

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Lightsource sets sights on global markets after stake sale to BP

Bloomberg The UK’s largest solar company has set its sights on becoming a global player now that it’s owned in part by one of the world’s oil majors. “Going forward, this industry will move forward from a cottage industry almost, to an industrialised industry,” Chief Executive Officer Nick Boyle said. “There will be a small number of worldwide players. We ...

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Enbridge to buy Spectra partners in $3.3bn deal

Bloomberg Pipeline giant Enbridge Inc. agreed to buy all outstanding shares of Spectra Energy Partners LP in a deal aimed at streamlining its corporate structure in the wake of US tax changes. The agreement to acquire its master limited partnership is valued at $3.3 billion, based on the closing price of Enbridge shares in New York trading. It follows by ...

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