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Dubai: The UAE will become an alternative oil rig construction and repair centre as the country's handful yards are growing busy with major international orders, sources said. "Due to a worldwide shortage of rig construction facilities and larger demand for more new buildings, the UAE-based rig repair yards are going to get their share of the contracts," Tony Bromham, partner and technical director of QGM Group, told Gulf News. "Major contractors including those in Singapore are booked till 2010. So the new demand has to be met by emerging contractors in the Gulf like us. We are getting increasing numbers of inquiries as we are currently bidding and negotiating for Dh2.2 billion ($600 million) worth of newbuilding projects." The Gulf is the fourth largest region in terms of rig fleet with 81, following North America which has 293, North Sea (Europe) with 160 and Southeast Asia with 139.
An Oklahoma City man spent Christmas Day in jail, after being arrested the day before for allegedly stealing cabinets from a home under construction in Norman.Christopher Cain Saylor, 43, was charged Wednesday with unlawful possession of a controlled dangerous drug; knowingly concealing stolen property; and second-degree burglary.According to court documents, police responded to a report of a suspicious vehicle in front of a home under construction in the 300 block of Dolinna Drive. The officer said he stopped a pickup leaving the area, its bed filled with new cabinets. A search reportedly uncovered methamphetamine in the man's pocket, and a nail gun previously reported stolen.Also Wednesday, charges of unlawful possession of a controlled dangerous drug and actual physical control of a vehicle while intoxicated were filed against Michael Don Jackson, 38, Rattan.
LEOMINSTER -- Sharon Kubik decided two years ago that her small three-bedroom gambrel house wasn't big enough for her, her husband and her three sons. "I wanted a garage. I am too old to be shoveling snow off my car at 6 or 7 o'clock in the morning," Kubik, 44, said while standing outside her home. "I was tired of sharing a bathroom with three boys." The family's 1,632 square-foot, two-story house on Birchcroft Road had three bedrooms and one-and-a-half bathrooms. The Kubiks searched for a contractor to build an addition onto their home, but they couldn't find one they liked. So they put their house up for sale and began looking for a bigger home, hoping to stay in the city. "But I wasn't objecting to moving outside of Leominster," Kubik said. But Kubik found something wrong with all the houses they looked at, and she began to worry about uprooting her sons -- Daniel, 20, Julian, 16, and Bradley, 12.
LYNNWOOD, Wash.--(BUSINESS WIRE)--City Bank (NASDAQ:CTBK) today announced net income from continuing operations was up 74.47% from $15.66 million to $27.32 million for the nine months ended September 30, 2006 compared to the same period in 2005. In addition, assets have surpassed $1 billion for the first time in the Bank's 32 year history. All prior period results have been reclassified to show the operating results of Diligenz and Merchant Cards as discontinued operations with no effect on net income or shareholders' equity. Consolidated net income for the quarter ended September 30, 2006 was $9.90 million, an increase of $3.58 million or 56.55% compared to $6.32 million for the third quarter of 2005. The Bank's diluted net income per share from continuing operations reflects an increase of 54.10% from $.61 to $.94 compared to prior year third quarter.
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