Bahrain-based international smelter Alba plans to raise up to $500 million debt from local and regional banks to part finance its $3.5 billion expansion, the company’s chief executive Tim Murray was quoted as saying by the Gulf Daily News,
Iran’s miners are seeking investments worth $10 billion to address the issue of shortage of bauxite and electricity affecting the domestic aluminium industry, said a report.
Iran’s current production of 350,000 metric
India-based Bharat Oman Refineries Limited (BORL), a joint venture by the two countries, will raise the refinery capacity at its Bina unit in the Indian state of Madhya Pradesh in two phases, a report said.
Wyndham Hotel Group signed two new development deals at this week's Arabian Hotel Investment Conference (AHIC), which will bring globally recognised brands to Oman and Iraq.
In 2015 Wyndham opened nearly 40 new hotels open acr
Marriott International is preparing for significant growth within the Middle East and Africa with the signing of a new property in Doha, Qatar and plans to open 17 new properties across the region this year.
At present, the hotel
Emaar Hospitality Group has unveiled plans to open 35 new hotels and serviced residences under its three flagship brands – The Address Hotels + Resorts, Vida Hotels and Resorts and Rove Hotels - in Dubai, the UAE and key intern
Shaza Hotels, an independent five-star luxury hotel operator, has signed six new hotels across the Middle East that are set to open between 2016 and 2019 in addition to its existing Shaza Al Madinah in Saudi Arabia.
At the Arabian
Ajman Free Zone Authority said that it is aiming for rapid expansion following the successful addition of its offices in the UAE and India.
The extension will greatly contribute in strengthening the presence of the free zone as a
Jalboot Marine Network, Abu Dhabi’s only private scheduled passenger ferry service, has unveiled a new expansion phase that includes a second ferry and private corporate and event charters.
The new ferry – &lsquo
Expansion is a distant dream for many Indian manufacturers as they grapple with under-utilised factories and towering debts, putting pressure on Prime Minister Narenda Modi to count on government spending instead of private investment to boost A