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A $500 million private equity infrastructure fund managed by a consortium led by HSBC has made an equity investment into an Omani power company. According to a report by Reuters this morning, the MENA Infrastructure Fund, which is sponsored by HSBC Bank Middle East, Dubai International Capital subsidiary DICAM and Waha Capital, has agreed to pay $26.5 million for a 32.8 percent stake in United Power Company (UPC). The investment sees the fund become the largest shareholder in the company, which owns a 270 megawatt power station in Manah, 180 kilometres southwest of the... [read full story]
The Omani Ministry of Economy said that the Sultanate plans to boost government spending by 9 percent to $18.7 billion next year as it seeks to revive the economy after the global economic crisis, Reuters reported. The ministry...
NEW YORK----NTT America, a wholly owned U.S. subsidiary of NTT Communications Corporation, today announced it will provide data center and connectivity services to ACTIV Financial, a leading global provider of fully managed...
Companies mentioned in this article: Pervasive Software AUSTIN, Texas -- Pervasive Software® Inc. (NASDAQ: PVSW), a global value leader in embeddable data management and data integration software and in enabling revolutionary...
Kyocera Corporation (NYSE:KYO)(TOKYO:6971) founder and chairman emeritus Kazuo Inamori received the "Entrepreneur for the World" Award, Entrepreneur category, during the ceremony of the World Entrepreneurship read more
