Eaton has revealed that it made US$483mn in operating earnings in the first quarter of 2014, excluding pre-tax charges of $66mn to integrate recent acquisitions, which is a 21 per cent growth on the same period last year
Business & Management
EBRD to provide loan for MSMEs in Tunisia
The European Bank for Reconstruction and Development (EBRD) is providing a US$20mn loan to Compagnie Internationale de Leasing (CIL) lending purposes for local micro, small and medium-sized enterprises (MSMEs) in Tunisia
Zuari Agro Chemicals to build US$950mn chemical facility in Ras Al Khaimah
Indian fertiliser company Zuari Agro Chemicals has decided to invest US$950mn into the construction of an integrated diammonium phosphate (DAP) facility in Ras Al Khaimah Maritime City
Philips buys major stake in Saudi Arabian lighting company
Philips has signed an agreement to acquire 51 per cent of Saudi Arabias General Lighting Company (GLC) for US$235mn and form a joint venture (JV) under the name Philips Lighting Saudi Arabia
China keen to invest in the Middle East in 2014
The Middle East is expected to see a sizable amount of outbound mergers and acquisitions (M&A) deals from China in 2014, according to a new survey