Eaton has revealed that it made US$483mn in operating earnings in the first quarter of 2014, excluding pre-tax charges of $66mn to integrate recent acquisitions, which is a 21 per cent growth on the same period last year
Technology
Etisalat signs loan deal to acquire stake in Moroccan telecom firm
UAE?s telecom operator Etisalat has signed a two-part US$4.36bn loan to acquire a 53 per cent stake in Morocco?s Maroc Telecom
EBRD to provide loan for MSMEs in Tunisia
The European Bank for Reconstruction and Development (EBRD) is providing a US$20mn loan to Compagnie Internationale de Leasing (CIL) lending purposes for local micro, small and medium-sized enterprises (MSMEs) in Tunisia
Zuari Agro Chemicals to build US$950mn chemical facility in Ras Al Khaimah

Ras al-Khaimahs growth has been consistent and looks promising to investors, according to its ruler Sheikh Saud Bin Saqr Al Kasimi. (Image source: LHOON/Flickr)
Indian fertiliser company Zuari Agro Chemicals has decided to invest US$950mn into the construction of an integrated diammonium phosphate (DAP) facility in Ras Al Khaimah Maritime City
Unique System FZE aids installation of Automatic Weather Observation System in UAE airport

Unique System FZE will purchase, install and commission the AWOS and ATIS according to international (ICAO) and UAE (GCAA) regulations. (Image source: Motox810/Flickr)
Unique System FZE, along with its partner MicroStep-MIS, has announced that it will supply an AWOS (Automated Weather Observation System) and ATIS (Airport Traffic Information Service) to an international airport in the UAE