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
Business & Management
Zuari Agro Chemicals to build US$950mn chemical facility in Ras Al Khaimah
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
Philips buys major stake in Saudi Arabian lighting company
Philips has signed an agreement to acquire 51 per cent of Saudi Arabias General Lighting Company (GLC) for US$235mn and form a joint venture (JV) under the name Philips Lighting Saudi Arabia
China keen to invest in the Middle East in 2014
The Middle East is expected to see a sizable amount of outbound mergers and acquisitions (M&A) deals from China in 2014, according to a new survey
Al Noor Hospitals buys cancer care centre for US$21.8 million
UAE-based Al Noor Hospitals Group has agreed to acquire Gulf International Cancer Centre (GICC) for an initial cash consideration of US$21.8mn