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Morgan Stanley hikes chief’s pay 27% to $19.5mn

  Bloomberg Morgan Stanley President Colm Kelleher, who runs the firm’s investment bank and retail brokerage, received $19.5 million for his work last year, a 27 percent increase. Kelleher, 59, was paid $1.67 million in salary, $6.88 million in deferred cash and $2.4 million in deferred stock, the New York-based bank said in a regulatory filing. He also got a ...

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DEWA plans to build AED1bn substations

  DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) unveiled its plans to build three new 400 kilovolt (kV) substations over the next three years, with an allocated budget of AED1 billion. The three substations will be added to DEWA’s 21 existing substations. DEWA is working in adherence with its strategy of increasing the efficiency of electricity services ...

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GPCA meet to focus on sustainability of GCC plastics conversion industry

  ABU DHABI / WAM Petrochemical producers, extrusion technology providers, packaging equipment manufacturers, plastic converters and compounders, food producers, traders, consultants and investors will gather in Abu Dhabi on Sunday, April 9, to chart the course for growth and sustainability of the GCC plastics conversion industry. The 8th edition of GPCA PlastiCon, organised by Gulf Petrochemicals and Chemicals Association (GPCA), ...

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