Germany's Henkel had made plans to increase sales in MENA for the next few years. Henkel, the German cleaning products manufacturer known for brands such as Persil and Schwarzkopf, has laid out plans to boost sales by 40% in emerging markets such as the Middle East.
Corporations
Alcatel-Lucent seeks USD1.29 billion in capital increase
Telecom equipment maker Alcatel-Lucent launched EUR955 million in capital increase and USD750 million in high-yield bonds.
Google to invest EUR450 million in Finland post-Nokia decline
Google placed an additional EUR450 million in its data center located in Hamina, southeastern Finland.
Dubai's DAMAC Properties eyes USD500 million London share listing
Dubai developer DAMAC Properties announced its plans to sell USD500 million worth of shares on the London Stock Exchange.
DoubleTree by Hilton opens in Wuhu, China
The 25-storey DoubleTree by Hilton opened in China's Anhui province. Today, DoubleTree by Hilton announced that DoubleTree by Hilton Wuhu had been open in Anhui Province, China.
Latest News
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.
Chinese carmaker BYD Co Lt said it would hire more local workers for its California plant after being accused of breaking US labor rules.
The merger between law firms Cooley and Dow Lohnes would not absorb the latter's lobbyist group.
The shares of solar-cell maker Shunfeng Photovoltaic International Ltd rose after it agreed to buy Suntech Power for $492 million.
The Australian Securities Exchange would be the venue for the IPO of Nine Network. The firm that owns Nine Network would start trading on the Australian Securities Exchange by December 6.
US antitrust regulators would like American Airlines and the US Airways Group to agree to concessions before giving their stamp of approval for the merger.
Whitehaven Chairman Mark Vaile said the future of the mining company is assured with the two mines it is preparing to go online.
SunPower Corp acquired Greenbotics Inc for its robots that clean solar power panels. US solar manufacturer SunPower Corp purchased Greenbotics Inc. The latter manufactures robots that can clean solar panels.
