ABU DHABI, 16 January 2007 — In response to recent media speculation, Al Jaber Group (Al Jaber), a privately owned industrial services group based in Abu Dhabi, said yesterday that it could confirm that GPS Group Limited (GPS), an upstream process facilities business based in Dubai, was considering an initial public offering (IPO) on the AIM market of the London Stock Exchange.
Riffa Signs Deal With Cybarco
MANAMA, 16 January 2007 — Riffa Views Signature Estates has marked a major milestone with the signing of a 24.9 million Bahraini dinars ($69 million) infrastructure contract with Cybarco Bahrain Ltd. Under the contract, Cybarco - in a joint venture with Tebet Enterprises - will undertake one of Bahrain’s largest ever infrastructure projects to build roads, telecommunications cabling, electricity and water supplies for the luxury residential development.