The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.

The consolidation of Anheuser-Busch InBev and SABMiller was a natural progression when there were only a few markets to tap, said industry analysts.

Google Inc had not been shy investing large amounts of capital in data centers to improve its Internet infrastructure.

Apple Inc's iPhone 5C had yet to challenge the dominance of Samsung Electronics and other companies using Google Inc's Android software in the cheaper smartphone market.

Analysts said the European Commission's approval of Actelion's lung disease drug would have potential investors bid for the Switzerland-based drugmaker.

A rival of Google Inc was not satisfied with the search giant's latest proposal to address antitrust complaints.

Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.

The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.

California-based startup Paxata has aided scientists in grueling data preparation leading to work analysis.

General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.