Sunday 23 July 2017

Investcorp to sell Esmalglass for $692m

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, today announced that it has agreed the sale of Spain-based Esmalglass to global private equity firm Lone Star Fund X for an enterprise value of €605 million ($692 million). Establish


Julphar registers its insulin in 17 countries

The UAE-based pharmaceutical manufacturer Gulf Pharmaceutical Industries (Julphar) recently announced the registration and marketing of Emirates manufactured insulin, in both raw and packaged forms, in 17 countries, said a report. The registration of the product in Mexico, Uzbeki


Demand for Opec oil to fall next year

Opec has forecast that world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an Opec-led output cut, a Reuters report said.


Major Expo 2020 Dubai substation 77pc complete

Dubai Electricity and Water Authority (Dewa) has announced that the construction progress of Sustainability, a 132/11 kilovolt (kV) main substation at Expo 2020 Dubai, with conversion capacity of 150 megavolt-amperes (MVA), is 77 per cent complete and is expected to be operational by October 31

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