US-based private equity fund Exhilway Global has closed USD200 million for its mines and minerals private equity fund that will operate in Indonesia, Turkey, and Kazakhstan.
Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.
Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.
Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria.
Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
Germany's Henkel had made plans to increase sales in MENA for the next few years.
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.
New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.
AT&T, with its hub in Dubai, has offered IP virtual private network services to multinationals doing business in the Gulf region and in Africa.
Tata Capital had been planning to launch a private equity fund in the African region.
Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
Researchers said that Apple led the South African tablet industry while Samsung trailed at second.
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