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GIC buys stake in Virgin Mobile's ME unitGulf Investment Corp (GIC) will invest $50 million in Virgin Mobile's Middle East operation, a sign that the region may be ready to open up to more competition as the company looks to expand into new markets. Richard Branson&# More… |
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Gulf Investment Corp profit surges 20pcThe Gulf Investment Corporation (GIC), a regional financial institution owned entirely and equally by the six Gulf states, said its net income for 2011 grew to $182 million from $151 million in 2010, representing a 20 per cent year-on-year increas More… |
