Friday 19 December 2014
 
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Italian, Qatari funds make investment in Italian food

State-backed Italian and Qatari investors are to buy a €165 million ($205 million) stake in Inalca, expanding the Italian meat producer's overseas markets in the first such deal by the two investment partners. Under the d

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Investcorp buys Italian safety wear firm for $163m

Bahrain-based Investcorp has acquired Italian protective clothing maker Dainese for an enterprise value of 130 million euros ($163 million), the alternative investment firm said in a statement on Wednesday. Investcorp has bought t

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Oman refinery wins key $100m funding

Oman Oil Refineries and Petroleum Industries (Orpic) has won $100 million funding from Italian export credit agency SACE for its Sohar Refinery. With this key funding, the Sohar refinery will be able to boost its production capaci

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Shell sells Italian retail business to KPI

Anglo-Dutch oil and gas major Shell said it has agreed to sell its Italian retail and aviation business to Kuwait Petroleum International (KPI). "The sale is consistent with Shell's strategy to concentrate Shell's dow

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Rosewood Corniche to host Italian food fest

Jeddah’s renowned hotel Rosewood Corniche is set to host the Italian Food Festival, which will highlight Emilia Romania flavours. The festival will run at the hotel’s Habsburg restaurant from January 15 to 30, said a s

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Dubai to host Italian cuisine summit

Dubai is set to host an Italian food, drink and lifestyle event from November 7. The fifth edition of the Italian Cuisine World Summit will be held in some of Dubai’s most prestigious Italian restaurants, said a statement.

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Belgian-Italian brand opens in Dubai

Belgian-Italian brand Dirk Bikkembergs has opened its first store in the biggest shopping mail in the world, the Dubai Mall. The store which measures 150 sq m, is located inside the Fashion Avenue, next to the most prestigious bra

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Libya plans diplomatic security force

  Libya plans to create a special force to protect diplomats, government sources said, after a gun attack on an Italian consul exposed the precarious security situation in the North African state.  

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59pc of crisis-hit Italians recycle food leftovers

  Italy's passion for eating is world famous but more than half of Italians are now recycling food leftovers to prepare new meals as they try to save money and weather a year-long recession, a survey showed on Friday.

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Qatari royal family buys Valentino for $857m

Iconic Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.46 million), marking one of the most prominent purchases of a European top designer brand by an emerging market investor.

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