Thursday 24 April 2014
 
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venture

Sabic in Mauritania iron ore venture

Saudi Basic Industries Corp (Sabic), a leading petrochemical group, is carrying out new iron ore exploration in northern Mauritania. The feasibility study and exploration at Atomai Mines in Zouerate is part of a joint venture agre

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Startup entrepreneurs pitch businesses to experts

Eighteen startup entrepreneurs from throughout the Arab world gathered in Doha to pitch their businesses to an audience of investors, mentors and entrepreneurship experts. The first Doha Venture Day was held at the Renaissance Hot

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VCBank reports $2.5m in net profit

Venture Capital Bank, a Bahrain-based Islamic investment bank, has reported a net profit of $2.5 million for the quarter ended September 30, as compared to $2 million for the same period last year. Its total revenues has continued

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UAE's Tasweek in JV to build hotels in Asia

UAE-based Tasweek Real Estate Marketing and Development said it has joined hands with a leading Gulf asset manager to develop hotels and resorts in prime tourism and business hubs across Southeast Asia and other key regions of interest to Gulf inv

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Arab Bank signs deal with Oasis500

Arab Bank has signed a deal with Oasis500, a premier early stage and seed investment company based in Amman, to invest JD250,000 ($352,609) in Oasis Venture 1 (OV1). The OV1 aims to facilitate investment in information and communications t

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Aramco, Dow to net $1bn a year from venture

A mammoth petrochemical joint venture between Saudi Aramco and Dow Chemical should net $500 million annually for each of its owners when it opens in five years, Dow said. The companies are spending $20 billion to build one of the world'

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SunCity to expand restaurants business

SunCity Ventures has signed several agreements aimed at expanding its restaurants business in Bahrain and in the region in line with its long-term development plans. Mohammed Adel Fakhro, chairman, SunCity Ventures, said: "It is our pleas

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Saudi firm in new healthcare venture

Riyadh Valley Company (RVC), a Saudi government-owned investment firm, said it has tied up with health care technology supplier Cerner and leading business group Zamil to set up a healthcare technology venture in the kingdom. RVC which aim

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Key Energy Services in new ME venture

Key Energy Services, a leading provider of onshore well service rigs in the world, has joined hands with Abu Dhabi-based AlMansoori Specialized Engineering, to set up its new venture in the Middle East.  The new JV, AlMansoori-K

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Land Rover in N.Iraq foray

Land Rover, one of the most renowned luxury, premium SUV manufacturers, has signed a dealership pact with Sardar Group, the largest privately-owned automotive group in Iraq, to enter the country's northern region of Kurdist

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