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
Technology
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
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, 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
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