Orix Corp. stated it would invest half a billion dollars in fast growing markets. Japan's most active financial firm in acquisition, Orix Corp. , revealed plans to spend JPY50 billion (US$506 million) on buyouts around Southeast Asia and the Middle East within the next 12 months tapping on faster-growing markets.
Tags: Middle East
Railway network in UAE completes first phase
The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.
New GCC firms rely on lawyers for IPO expertise
An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.
Sinopec to purchase Apache Egypt assets for USD3.1 billion
China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.
US issues worldwide travel alert after citing al-Qaeda's threat
The US State Department announced an international travel alert for terrorist attacks in the Middle East, North Africa and South Asia.
Latest News
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.
Emerging debt market trading fell by 12% in the first quarter of 2013. (Photo : Reuters)The image is the facade of the New York Stock Exchange. The trading volume for debts from emerging markets declined by 12% in the first quarter of 2013 compared to the previous year.
Chevron Phillips is planning a growth program in the Middle East. (Photo : Reuters)The image is the corporate logo of Chevron Phillips. The petrochemical joint venture between US oil firm Cheveron Corp and oil refiner Philips 66, Chevron Phillips Chemical Co, is now exploring ways to increase its presence in the Middle East.
