Business & Management

Bill Gates leads US$1 billion investment in Orascom

egypt-constructionOrascom Construction Industries has announced that Comprising Cascade Investment, an investment vehicle owned by Microsoft founder Bill Gates and other US firms, has invested US$1bn into the Egyptian company


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UAE firm signs deal to develop power plants and mines in Turkey

Turkey-powerTAQA, Turkey’s Electricity Generation Company (EUAS) and the Turkish government have signed an agreement for the development of power plants and mines in Turkey

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GPCA reveals 2011 UAE petrochemicals capacity expansion data


Data collated from 2011 by the Gulf Petrochemicals & Chemicals Association (GPCA) has revealed that the UAE’s petrochemicals capacity amounted to 6mn tonnes during the year

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New joint venture to build US$517 million butanol plant in Jubail

Butanol-JubailA three-way deal to establish the Saudi Butanol Company at Jubail Industrial City in Saudi Arabia has been signed between the Saudi Kayan Petrochemical Company, Sadara Chemical Company and Saudi Acrylic Acid Company

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Dubai telecom firm approved for US$100 million loan by DBS

Du-phoneEmirates Integrated Telecommunications Company (Du) has been approved a US$100mn three-year loan facility to help fund its capital investment activities

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