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Dubai to spend more than $100 mln on security
ABU DHABI - Dubai police plan to spend 500 million dirhams (about 136 million U.S. dollars) on security technology this year with the aim of having "cameras everywhere" following the assassination of a top Hamas commander in January, a local English daily reported Sunday.
Surveillance needs to be ramped up to meet the growing requirements of an expanding city, Dubai police chief Dahi Khalfan Tamim was quoted as saying by The National.
Spain defends its solvency
MADRID - International markets backed the Spanish economy this week after days of intense rumors regarding the country's need for a financial rescue plan.
The successful auction of 10-year and 30-year bonds on Thursday, and the solvency of Spanish banks, reduced Spain's risk premium while the Madrid stock-exchange finished the week leading European gains.
15-bln-euro contracts signed at Russian economic forum: Kremlin aide
MOSCOW - More than 50 investment deals have been sealed during the International Economic Forum concluded at St. Petersburg one day earlier, with the total value exceeding 15 billion euros (18.5 billion U.S. dollars), Russian presidential aide Arkady Dvorkovich said Sunday.
Higher Acceptances Received For M3nergy Takeover Offer
KUALA LUMPUR - Adamus Avenue Sdn Bhd (AASB), which launched a conditional takeover of M3nergy Bhd, offering RM1.85 per share, has received over 71 per cent acceptances for the voting shares of the oil and gas services provider, as of June 19.
Companies controlled by major shareholder, Tunku Datuk Yaacob bin Tunku Tan Sri Abdullah, who owns 71.14 per cent of M3nergy, have confirmed acceptance of the conditional offer.
Higher Acceptances Received For M3nergy Takeover Offer
KUALA LUMPUR - Adamus Avenue Sdn Bhd (AASB), which launched a conditional takeover of M3nergy Bhd, offering RM1.85 per share, has received over 71 per cent acceptances for the voting shares of the oil and gas services provider, as of June 19.
Companies controlled by major shareholder, Tunku Datuk Yaacob bin Tunku Tan Sri Abdullah, who owns 71.14 per cent of M3nergy, have confirmed acceptance of the conditional offer.
Kota Mas Declares 7.25 Pct Dividend
LANGKAWI - Koperasi Telekom Malaysia Bhd (Kota Mas), the country's oldest cooperative, declared a dividend of 7.25 per cent or RM5.687 million for 2009, against RM5.151 million paid out in 2008.
Its Chairman, Ismail Nordin, said Kota Mas was able to maintain dividend payment for four consecutive years despite the recession.
"Kota Mas declared its highest dividend last year, since its inception in 1922, and we hope to maintain our dividend levels in future," he told reporters after Kota Mas's 79th annual general meeting on Saturday.
Hundreds Sign Up For Class Action Against Singapore Power
MELBOURNE - Hundreds of Black Saturday bushfire victims signed up for a class action against a Singapore electricity supplier they allege was responsible for a blaze that killed 121 people and destroyed 1244 homes.
Lawyers Maurice Blackburn lodged a statement of claim in the Victorian Supreme Court Friday against Singapore Power International for inadequate maintenance standards that led to the Kilmore East-Kinglake bushfire on Feb 7, 2009, the Australian Associated Press reports.
SMEs Seek To Emerge As Economic Powerhouse With New Initiatives
KUALA LUMPUR - New initiatives undertaken by the Small and Medium Industry (SMI) Association will help small and medium enterprises (SMEs) to realise their vision of becoming an economic powerhouse.
The initiatives include participating in the SMI 1-Stop Solution 2010 Exhibition and sending a mission to the 6th APEC SME Technology Conference and Fair in Fuzhou and the World Expo in Shanghai, both in China.
Help Promote Locally-Produced Rice, Persatuan Berasabah Urged
KOTA KINABALU - The Bumiputera Rice Wholesalers Association Sabah and Federal Territory of Labuan (Persatuan Berasabah) has been asked to help promote locally-produced rice aggressively to reduce the dependence on imported rice.
Sabah's Deputy Chief Minister, Datuk Seri Panglima Yahya Hussin, said he was confident the high demand for local rice would encourage the farmers to plant them.
"The production of local rice is still low and we still have to depend on imported rice.
Flydubai Receives 9th Boeing 737-800NG
DUBAI - Dubai-based budget airline, Flydubai, has welcomed its ninth Boeing 737-800NG.
The brand new plane touched down at the Dubai International Airport Terminal 2 Tuesday night.
In a statement, the carrier said the aircraft would go straight into service on the latest Flydubai route of Dubai-Istanbul.