Orascom 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
Technology
UAE firm signs deal to develop power plants and mines in Turkey
TAQA, EUAS and the Turkish government have signed a deal for the development of power plants and coal mines in Turkey. (Image source: Alf Altendorf/Flickr)
TAQA, Turkey?s Electricity Generation Company (EUAS) and the Turkish government have signed an agreement for the development of power plants and mines in Turkey
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
New joint venture to build US$517 million butanol plant in Jubail
The new butanol plant is set to go on-stream in 2015 in Jubail Industrial City. (Image source: Sabic)
A 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
Dubai telecom firm approved for US$100 million loan by DBS
Du has signed a financing deal for US$100 million loan. (Image source: Joi Ito/Flickr)
Emirates 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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