Monday 14 July 2014

Egypt eyes Georgia port to ship Kazakh wheat

Egypt, the world's biggest wheat importer, said on Sunday it was looking to use Georgia's Poti port for shipments of Kazakh wheat once the port is upgraded to receive Panamax ships carrying shipments of 55-60,000 tonnes. Nomani Nomani, vic


APM Terminals 'buys Georgia port from Rakia'

The United Arab Emirates' Rakia has sold control of the Georgian Black Sea port of Poti to APM Terminals, a unit of Denmark's A.P Moller-Maersk, a Georgian official said on Monday. "APM Terminals became a major investor in Poti port," Geor


Rakia plans IPO for Georgia port

Ras Al Khaimah Investment Authority (Rakia), the sovereign wealth fund of the emirate, plans an initial public offering for its port of Poti project in Georgia for 2011, its chief executive officer said. 'We will go for an IPO def


Rakia focused on building manufacturing hub

Surrounded by oil and gas but endowed with neither, the emirate of Ras Al Khaimah in the UAE is focused on building a regional manufacturing hub with little financing from debt capital markets.    Khater Massaad, the c


Rakia buys whole of Georgia port

Georgia has sold the remaining 49 per cent of its Black Sea port of Poti to Ras Al Khaimah Investment Authority (Rakia) for $65 million, its deputy minister Vakhtang Lezhava said. 'Now RAK Investment owns all the shares in the por


RAK buys stake in Georgia port

Georgia has agreed to sell control of the Black Sea port of Poti to RAK Investment Authority of the UAE for $90 million, an economy ministry spokeswoman said. RAK Investment would spend a further $200 million to $300 million developing a f

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