Middle East

(Dec 19): The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas.

SINGAPORE (Nov 17): The world economy has not had it this good for well on a decade. Virtually every corner of the globe is enjoying growth except for countries suffering political or other crises.

SINGAPORE (Oct 26): Starburst Holdings announced Thursday that wholly-owned subsidiary Starburst Engineering has been awarded a $6.6 million contract in the Middle East.

SINGAPORE (Sept 14): Mermaid Maritime announced Thursday that it has won a long-term submarine cable survey contract in the Middle East worth an estimated US$7 million ($9.4 million). Scheduled to start in 3Q 2017, the work involves the use of a Mermai

SINGAPORE (Sept 7): After enjoying a decade of unrivalled growth and earnings stability, the Middle East’s “super-connectors” – Emirates, Etihad Airways and Qatar Airways – have hit some serious turbulence this year.

SINGAPORE (April 12): OCBC has upgraded PACC Offshore Services Holdings (POSH) from “sell” to “hold”, with a higher fair value estimate of 33.5 cents.

DUBAI/ATLANTA (March 24): Middle East airlines scrambled to find ways to respond to a ban on electronics introduced this week.

SINGAPORE (March 14): Atlantic Navigation Holdings (Singapore) announced Tuesday that it has won a US$44 million ($62 million) charter contract for its lift boat, the AOS Maintainer I.

SINGAPORE (Dec 19): Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corporation, is planning to set up a private bank in London.

SINGAPORE (Dec 6): Del Monte Pacific posted earnings of US$20.2 million ($28.7 million) for 2QFY17, a 57.8% decrease from the earnings of US$47.8 million in 2QFY16.