Business & Management
Drake and Scull posts stronger Q2 revenues
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Drake & Scull International PJSC (DSI) reported higher profits and revenues for the second quarter 2011. Net income increased by 22 per cent to hit US$14.9mn compaired with US$12.25mn last year.
Ducab sales jump 50 per cent in first half
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Ducab, manufacturer of power cables in the Middle East, saw sales of US$660mn for the first 6 months of 2011 ? a 50 per cent increase on last year and jump in volume growth by 13.5 per cent.
FDI in Middle East expected to fall in 2011
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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.
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.
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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