The following is a list of top 10 business stories published by Zawya Dow Jones on Monday at 0800 GMT.
1.DUBAI'S DRAKE & SCULL GETS AED100M MEP DOHA CONTRACT
Drake & Scull International, or DSI, said Monday it has secured a 100 million U.A.E. dirhams ($27 million) mechanical, electrical and plumbing, or MEP, contract for a private residential facility in Doha, as the contracting firm continues to diversify its business away from a stagnant Dubai real estate market.
By Tim Falconer
2.SAUDI MARKET REGULATOR OKS HAIL CEMENT'S IPO
Saudi Arabia's Capital Market Authority, or CMA, said it has approved the planned initial public offering of Hail Cement Co.
By Summer Said
3.HSBC: TO MERGE SAUDI ARABIA WHOLESALE, INVESTMENT BANKING UNIT WITH SABB SECURITIES
HSBC Holdings PLC (HBC) said its Saudi Arabia wholesale and investment banking unit, HSBC Saudi Arabia, will be merged with SABB Securities Ltd., a wholly owned brokerage and custody business unit of The Saudi British Bank.
By Hong Kong Bureau
4.SAUDI FIRMS TO RAISE HIRING ON NEW RULES - BSF
Four fifths of Saudi Arabian businesses plan to add more staff over the next six months amid strong energy prices and new employment regulations, says Banque Saudi Fransi in a research note.
By Angus McDowall
5.NOMURA REVISES MEA TELCOS TARGET PRICES; UPBEAT VIEW
Nomura recommends a slightly more upbeat 2H2011 stance on emerging market telcos on defensive qualities, as overall equity markets struggle.
By Nikhil Lohade
6.GULF STK MKTS MIXED;WEAK INTL CUES, LOCAL NEWS FLOW LIGHT
Persian Gulf stock markets trade mixed Monday; volumes remain relatively light as weak global equities and oil prices weigh on regional sentiment.
By Nikhil Lohade
7.DUBAI'S RULER NAMES SHEIKH AHMED AS EMIRATES NBD CHAIRMAN
Dubai's ruler appointed Sheikh Ahmed bin Saeed Al Maktoum as the new chairman of Emirates NBD (EMIRATES.DFM), replacing Ahmed Humaid Al Tayer, according to the Emirates News Agency, or WAM.
By Mirna Sleiman
8.OMAN'S RENAISSANCE SVCS UNIT TOPAZ GETS OMR61.5M VESSEL CONTRACTS
Oman's Renaissance Services said its subsidiary, Topaz Energy and Marine, has signed long-term vessel contracts totaling about 61.5 million Omani rials ($160 million) with major clients in the oil, gas and energy sector.
By Tim Falconer
9.KPMG APPOINTS NEIL MILLER AS GLOBAL HEAD OF ISLAMIC FINANCE
Global advisory and auditing firm KPMG said Sunday it has appointed Neil Miller as global head of Islamic finance.
By Mirna Sleiman
10.DUBAI DGCX SEES RECORD DAILY VOLUME IN INDIAN RUPEE FUTURES TRADE
Dubai Gold and Commodities Exchange, or DGCX, said Sunday that trading in the Indian rupee/dollar futures contract hit a daily high of 15, 509 contracts, valued at $688.52 million, on June 23.
By Brinda Darasha
-Dubai Bureau, Dow Jones Newswires; +9714 3748044; djnews.dubai@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
June 27, 2011 04:00 ET (08:00 GMT)
DJ Codes: country:[R/ARA, R/BA, R/FXEM, R/KU, R/ML, R/MU, R/QA, R/SA, R/TC] subject:[N/ZDJ, N/DJWI, N/FCTV, N/HOH, N/SN] page:[1015] market:[M/NND, M/TPX] product:[P/PSH]
