Friday 3 July 2015

Amphenol offers to buy FCI Asia for $1.28bn

Amphenol Corporation, a maker of electronic and fiber optic connectors, said it made a binding offer to acquire Singapore-based electronic connectors maker FCI Asia for $1.28 billion to strengthen its telecom products business. Amphenol said on Monday that it would finance the de


Turkcell buys key stake in Euroasia for $100m

Leading Turkish mobile phone company Turkcell said it had signed a deal to buy the remaining 44.96 per cent of its Netherlands-based unit Euroasia Telecommunications Holding for $100 million. It bought the stake from SCM Holdings Limited and made the announcement in a statement t


Rio Tinto to invest in Mongolia gold, copper mine

Mining firm Rio Tinto has pledged to invest at least $250 million to $300 million in the construction of the underground section of the massive Oyu Tolgoi copper and gold mine in Mongolia this year, Mongolia's prime minister said. The second phase of construction at the mine


Intertek gears up for increasing demand in food services

Intertek, a leading quality solutions provider to industries worldwide, is expecting the demand for its food services business to increase in the Gulf region during Ramadan. The increase reflects not only higher consumption during this period, but also stricter government regulat


OBG spotlight on infrastructure and transport projects

A report by UK-based publishing firm Oxford Business Group (OBG) seeks to map out the broad range of opportunities that Bahrain is offering investors, it was announced yesterday (June 29). ‘The Report: Bahrain 2016’ will pinpoint a raft of infrastructure, real estate


Mubadala buys into Trafigura's Spanish mines

Trading house Trafigura has sold half its stake in three Spanish copper and zinc mines to Abu Dhabi investment company Mubadala as part of a joint venture they are setting up to invest in base metals mining, the companies said. The deal marks yet another move by the Swiss oil-to-


Napco CEO wins top Aiwa award

Oman-based National Aluminium Products Company (Napco), one of the leading extruders of aluminium profiles in the GCC, announced that its CEO has been recognised for an award from Alam al-Iktisaad Wal A’mal (Aiwa), the sultanate’s leading Arabic business magazine published by United


Jebel Ali wins key operations award

DP World’s flagship Jebel Ali Port said it has been recognised for excellence in container terminal operations at the debut Navis Inspire Awards 2015, held in California, US. The award, constituted by Navis, a provider of operational technologies for leading terminal operat


Arab Future Cities to highlight smart cars

Driverless cars and smart transportation solutions will come under the spotlight at the second annual Arab Future Cities Summit in Dubai, UAE. Held under the patronage of Dubai Municipality, the event will take place at Sofitel Dubai The Palm Resort & Spa. “We


TSC Auto ID to showcase marking, labelling solutions

TSC Auto ID Technology, a provider of quality Auto-ID solutions  for transportation and logistics, manufacturing and healthcare, industry and retail, offering a diversified line of innovative and reliable products, is set to present its new and innovative products concerning marking and la

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