Abu Dhabi's International Petroleum Investment Co (IPIC) will Invest Through Restis Group

UAE's IPIC in deal with Greece shipper Restis
Reuters - USA
ABU DHABI, Feb 26 (Reuters) - Abu Dhabi's International Petroleum Investment Co (IPIC) said on Thursday it will invest in shipping, energy and transport projects with a subsidiary of Restis Group, Greece's fifth-largest shipper. ...

Bahrain's Ministry of Housing to Issue US $800 Million Finance Bonds

Bahrain: $800M Bonds To Finance Housing Projects
Zawya

Manama, Bahrain: Bahrain's government has authorized the nation's Ministry of Housing to issue bonds worth nearly US $ 800 million to finance housing projects in Bahrain.

Bahrain's Minister of Housing, Sheikh Ibrahim bin Khalifa Al Khalifa, said during an interview on CNBC Arabiya that financial institutions will issue the bonds in segments over the next six months. ...

Zinc Project Worth $200 Million Launched in Yemen

Yemen Launches $200 Million Zinc Project
Zawya

Prime Minister Ali Mujawar laid Monday foundation stone for the first mine project in Yemen for finding out zinc in Sulb Mountain in Nehm area here with investment cost estimated at $ 200 million. ...

Kuwaiti Group Penetrating the Market Next Week with Big Money

Kuwaiti Group Added To Cash Shell Makes A Big Plus

One of the biggest companies to join Plus Markets for many years arrives next week.

A Kuwaiti commercial property company is reversing into Rak Real Estate, a Plus cash shell. It is expected to have a market capitalisation of more than $900m (£624m). At present the biggest Plus company is Arsenal Holdings, the football club, which has a market capitalisation of £470m. ...

DAMAC Properties Partners with Housing and Development Bank of Egypt.

HDBK acquires 60 per cent stake of Damac's Cairo Project
Middle East North Africa Financial Network - Amman, Jordan
DAMAC Properties has entered into a partnership with the Housing and Development Bank of Egypt. The alliance will see 60 per cent of DAMAC Properties' New Cairo projects transfer to the Housing & Development Bank.

Abu Dhabi Plans $10 Bln New Project

Abu Dhabi developer plans $10 bln Jordan project
Reuters - USA
ABU DHABI, Feb 26 (Reuters) - Abu Dhabi property developer Al Maabar International Investments said on Thursday that it plans to build a $10 billion development in Jordan to help create jobs and develop the local economy. ...

US $5 Million Budget Proposal Passed for Industrial Park of Dubai-based Company

Bill would boost industrial park
Charleston Post Courier - Charleston, SC, USA

The U.S. House of Representatives passed a budget proposal Thursday that includes almost $5 million for highway improvements in Orangeburg County, where a Dubai-based company is looking to build $600 million industrial park on more than 1,300 acres.