Sunday 23 July 2017
 
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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

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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

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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.

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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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