Friday 22 August 2014
 
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MMC

$30bn Jizan Economic City deal 'terminated'

Malaysian construction firm MMC Corp said the Saudi government had terminated the rights of its joint venture with Saudi Binladin Group to develop the $30 billion Jizan Economic City in Saudi Arabia. "The termination was as a

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Medcare opens new centre in Dubai

Medcare, a UAE-based private healthcare organisation, has extended its services with the establishment of a new major multi-speciality clinic in Dubai. Located on The Walk, Jumeirah Beach Residence, Medcare Medical Centre (MMC) will cater

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MMC wins $600m Saudi port deal

Malaysian infrastructure and energy group MMC Corp has won the right to jointly develop and operate a terminal at Jeddah Port. The deal is worth about 2 billion ringgit ($598.8 million), MMC said on Monday. Under the plan, MMC's in

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Binladin, MMC plan IPO for Jizan Economic City

Saudi Arabia's Binladin Group and Malaysia's MMC Corp plan to sell 30 percent of a jointly owned developer to the public next year to help finance a $30 billion Saudi city, an executive said on Sunday. The sale, initially planned for 2007,

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MMC inks $4.7bn port deal with Dubai

Malaysian infrastructure and energy group Malaysia Mining Corp (MMC) signed a maritime and property pact worth 16 billion ringgit ($4.7 billion) with an investment unit of the Dubai government, MMC said. Under the pact, MMC and Dubai World

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