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.
Technology
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.
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.
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
?
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.