Business & Management

OCME to open dedicated Middle East branch

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OCME, a supplier of end of line equipment for the beverage market, will open a new branch in Jeddah in the first quarter of 2012, which will be dedicated to serving the Middle East region.

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CPC receives US$75mn investment from Standard Chartered

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Standard Chartered Private Equity (SCPE) has acquired a minority stake in Construction Products Holding Company (CPC) through an equity investment of US$75mn.

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Danaher Corporation opens ME headquarters in Dubai

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Danaher Corporation opened a new office in Dubai to serve as the Headquarters for its Middle East operations.

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Lafarge Q2 profits decline on high material costs

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Lafarge posted weaker Q2 results of US$1.01 billion, a drop of 16 per cent versus 2010 earnings of US$1.2 billion due to higher raw material costs.

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Zain Group first half year profits rise 17 per cent

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Zain Group posted a net income of US$506.5mn for the first half of this year, a 17 per cent increase over the same period last year.

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