Business & Management

FDI in Middle East expected to fall in 2011


Foreign direct investment (FDI) into the Middle East is expected to drop by at least 10 per cent to between US$50 billion and US$55 billion in 2011 according to a new report.

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OCME to open dedicated Middle East branch


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



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


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



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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