544m
Dubai Municipality plans to set up the largest plant in the Middle East to convert solid waste into energy at a cost of $544m.
70%
Iran plans to increase its refining capacity for crude and condensate by more than 70 per cent within the next four years in a move aimed at reducing gasoline imports.
$110m
Bahrain has attracted $110m in investments and created 1,200 jobs since the beginning of the year, Economic Development Board chief executive Khalid Al Rumaih.
0.3%
Saudi Arabia’s Tadawul All-Share Index gained 0.3 per cent in modest trading volume.
EGP 3.54bn
Orange Egypt said that Egypt’s telecommunications regulator had set the price of a license to provide fourth-generation mobile services at EGP 3.54 .
100%
Yusuf Bin Ahmed Kanoo Company (YBA Kanoo), one of the largest family-run multinational businesses in the Middle East, has acquired a 100 per cent stake in the Saudi-based Technical Contracting Company (TCC).
$955m
A consortium led by Salini Impregilo, an Italian industrial group specialising in the construction and civil engineering business, has won a $955-million contract from Kuwait government to develop an urban residential development on a 12,000-hectare area.
5 years
Saudi Arabia’s market regulator fined contractor Mohammed Al Mojil Group (MMG) and sentenced two of its executives to five years in prison for breaching rules relating to accumulated losses, the firm said on Friday.
$1.13bn
Siemens and Spain’s Gamesa agreed on Friday to create the world’s biggest builder of windfarms, with the German company paying $1.13bn for a majority stake in the combined business.
$2.5bn
Oman’s ministry of finance said on Saturday it had commissioned five international banks to arrange the issue of two dollar-denominated sukuk totaling $2.5bn to help plug a budget deficit.
