TowerJazz announced the extension of its working relationship with International Rectifier (IR). TowerJazz announced the extension of its working relationship with International Rectifier (IR).
Middle East
US agency to fund expansion of Pakistan hospital
US financing institution OPIC is set to fund the expansion project of Pakistan hospital. The Overseas Private Investment Corporation (OPIC), US financing institution, agreed to fund the expansion of Aga Khan University Hospital in Karachi, Pakistan.
Serinus forms strategic relationship with Dutco Energy
Serinus Energy formalize its strategic relationship with Dutco Energy Serinus Energy Inc. announced that the formation of a strategic relationship with Dutco Energy Ltd.
Ramadan's impact on the economy
The Islamic holy month would again denote an increase in demand for goods and services as it lowers productivity and performance.
Ramadan revives food sector as Muslim countries spend more
The Islamic holy month of Ramadan would unite 1.6 billion believers and would directly result to the recovery of markets particularly in the food sector.
Latest News
Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.
Sources revealed that AG Barr could be buying GlaxoSmithKline's Ribena and Lucozade brands. IRN-BRU producer AG Barr continued to be silent yesterday over reports AG Barr would team up with private equity organisations Blackstone Group and Lion Capital to purchase the Ribena and Lucozade brands from pharmaceutical giant GlaxoSmithKline.
Tnuva Food Industries stated it could go public to improve the company's capital structure. Tnuva Food Industries Ltd. revealed plans that it might consider an initial public offering.
Silicon Valley Bank requested a loan receiver for Alvarion Ltd over a US$3 million debt that the bank says it cannot pay.
RWE and Qatar are currently holding talks about possible purchase of RWE's DEA oil and gas exploration and production unit.
In an attempt to turn around its decline, the Gulf Finance House said that it will use a new business model.
ZTE announced that they were awarded a contract for 3G wifi router ZTE announced that they were awarded a contract to provide the Middle East's fastest growing telecom service provider du with its 3G Wi-Fi Router called the MF29.
Saudi Arabia funded US$5 billion while UAE offered US$3 billion worth of aid to help Egypt’s struggling economy.
Trustees will gain control over Ma' ariv if Shlomo Ben-Tzvi decides to stop backing the newspaper.
