DUBAI / Emirates Business Al-Futtaim Engineering’s Building Products division has been recognised as the ‘Outstanding Distributor’ for the Middle East and North Africa (MENA) region by TOTO Asia Oceania Middle East. The award was presented to Dawood Ozair, Senior Managing Director of Al-Futtaim Engineering and Technologies, and Wasim Haider, General Manager of Building Products division at Al-Futtaim Engineering, by ...

DUBAI / Reuters Kuwaiti telecom firm Zain has agreed to buy Abu Dhabi-listed Etisalat’s 92.3 percent stake in Sudanese fixed line operator Canar for AED 349.6 million ($95.2 mn). The deal would strengthen Zain’s grip on Sudan’s telecom sector where it is already the top mobile operator by subscribers and has long sought to add a fixed-line licence. It is ...

  BANGKOK / AP Japan’s foreign minister announced a multibillion-dollar initiative on Monday to promote development in Southeast Asia’s Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows. In a speech at Chulalongkorn University in Bangkok, Fumio Kishida affirmed the importance of Southeast Asia’s economic prosperity to Japan. He pledged 750 billion yen ($7 ...