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DUBAI (Reuters) - A regional infrastructure fund led by HSBC Holdingson Monday said it bought a 32.8 percent stake in an Omani power project from French utilities giant GDF Suez. The MENA private equity fund, which is backed by HSBC, Waha Capital and Dubai International Capital, will pay $26.5 million (16 million pounds) for the stake in United Power Company, becoming its largest shareholder, it said in a statement. The fund's move underlines the growing appetite from Middle-East-based private equity houses to invest in regional infrastructure projects. Gulf Arab oil exporters had amassed enormous surpluses from an oil price rally that started in 2002 and enabled them to invest in building infrastructure at home,... [read full story]
Brownstone Ventures Inc. (TSX VENTURE: BWN) today announced its unaudited results for the three months ended September 30, 2009. As at September 30, 2009, the Company had cash and cash equivalents, investments in bond, and bank...
NEW YORK -- Pomerantz Haudek Grossman & Gross LLP has filed a class action lawsuit in the United States District Court, Northern District of California, against SunPower Corporation and certain of its top officials.
HARARE, Zimbabwe, Nov. 25 (UPI) -- Mines Minister Obert Mpofu says security troops are being withdrawn from diamond fields they have occupied after the beleaguered government was threatened with expulsion from the global...
Ahead of World AIDS Day on December 1, we asked people on Facebook one question: What do you want to ask the U.S. global AIDS coordinator? What follows are your questions and Ambassador Eric Goosby's responses.
