Technology

Alaa For Industry celebrates 30 years in business

Alaa For Industry?s head office in Damman, Saudi Arabia

Alaa For Industry (AFI) is celebrating its 30th anniversary since it opened the first showroom and workshop in Damman, Saudi Arabia

Eaton reveals 20 per cent boost in operating earnings

Eaton chairman and CEO Alexander M Cutler

Eaton has revealed that it made US$483mn in operating earnings in the first quarter of 2014, excluding pre-tax charges of $66mn to integrate recent acquisitions, which is a 21 per cent growth on the same period last year

Etisalat signs loan deal to acquire stake in Moroccan telecom firm

Etisalat will buy the stake from France?s Vivendi. (Image source: Michael Coghlan/Flickr)

UAE?s telecom operator Etisalat has signed a two-part US$4.36bn loan to acquire a 53 per cent stake in Morocco?s Maroc Telecom

EBRD to provide loan for MSMEs in Tunisia

EBRDs loan is the first for Tunisias leasing sector. (Image source: Tab59/Flickr)

The European Bank for Reconstruction and Development (EBRD) is providing a US$20mn loan to Compagnie Internationale de Leasing (CIL) lending purposes for local micro, small and medium-sized enterprises (MSMEs) in Tunisia

Zuari Agro Chemicals to build US$950mn chemical facility in Ras Al Khaimah

Ras al-Khaimahs growth has been consistent and looks promising to investors, according to its ruler Sheikh Saud Bin Saqr Al Kasimi. (Image source: LHOON/Flickr)

Indian fertiliser company Zuari Agro Chemicals has decided to invest US$950mn into the construction of an integrated diammonium phosphate (DAP) facility in Ras Al Khaimah Maritime City