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Monthly Archives: September 2007

De Beers to sell its mines to Petra Diamonds

De Beers Consolidated Mines agreed to sell its Kimberley underground mines for ZAR 78.5 million ($10.9 million), which closed in 2005, to Petra Diamonds.De...

Paychex acquires San Diego-based Hawthorne

Rochester, N.Y.-based Paychex announced this week that it has bought Hawthorne Benefit Technologies, a San Diego-based employee benefits company, for an undisclosed amount.Hawthorne, founded...

V3 engineers to open 30 outlets in next 18 months

Bangalore: Bangalore-based V3 Engineers Pvt Ltd, a leading manufacturer of modular office furniture, is foraying into the home segment and has announced plans to...

USC outlets offer 5 to 15% discount during Ramazan

Islamabad: The Utility Stores Corporation (USC) has increased the number of its outlets by more than threefold during the last three months and 5...

Dubai gold sales rise 26% in August

Dubai: Dubai gold sales rose 26 per cent in value in August year on year as demand from tourists increased and the economy improved,...

Currie & Brown wins 2 projects in Dubai

GPD Investments has appointed Currie & Brown to provide project and cost management services on two prestigious developments in Dubai.On the first project, C&B...

Yahoo acquires BuzzTracker to expand web advertising

Yahoo has acquired BuzzTracker, a news aggregator combining editorial judgment and algorithms taking into account how many times the story was blogged, and how...

Koutons to set up integrated manufacturing facility in Haryana

Chennai: Leading apparel manufacturing company Koutons Retail India on Friday announced that it would set up an integrated manufacturing facility at Gurgaon in Haryana...

Exports by Dubai traders hit Dh40b in 2nd quarter of 2007

Dubai: The volume of exports by Dubai traders hit 40 billion dirhams (10.90 billion U.S. dollars) in the second quarter of 2007, surging 40...

Smart & Etisalat to develop mobile remittance service in UAE

MANILA, Philippines -- Local mobile operator Smart Communications and Etisalat, a wireless provider based in the United Arab Emirates, have agreed to jointly develop...