The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
Infrastructure
US to surpass Russian and Saudi Arabian production by 2015
According to the latest US Energy Information Administration report, the US would pass production levels of Russia and Saudi Arabia for oil and natural gas.
Wal-Mart said negotiations with Bharti still ongoing
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Vodafone led consortium to activate fiber network
Vodafone formed a consortium with three Gulf telecommunications firms to activate a 1,400 fiber network in anticipation of the increased demand for broadband services in the region.
GE Healthcare Life Sciences set to construct biopharma factory for venture-backed JHL Biotech
GE Healthcare Life Sciences would be constructing the KUBIo biopharmaceutical factory for JHL Biotech in China.
Latest News
The Department of Transportation and Communications said the bidding for the PHP 17.5 billion airport project was set for November.
The Brazilian unit of Julius Baer Group would be opening offices outside the main centers of Sao Paulo and Rio de Janeiro.
AT&T, with its hub in Dubai, has offered IP virtual private network services to multinationals doing business in the Gulf region and in Africa.
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
A report from a Chinese newspaper revealed that Samsung would be investing USD 500 million for a plant in China.
According to CSCEC CEO Yu Tao, the company's experience in building and maintaining housing projects would be key to address the needs of the GCC countries.
EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.
The complaints from Fire Island residents post Hurricane Sandy was the reason that Verizon started to change its tune on its actions.
Rafael Correa, President of Ecuador, would be relying on USD18 billion worth of oil resources inside the Yasuni National Park to save the country from going bankrupt.
