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.
OCME to open dedicated Middle East branch
Technology
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.
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.
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.
Zain Group first half year profits rise 17 per cent
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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