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Gourmet Gulf expands into Kuwait

Gourmet Gulf, the UAE-based food and beverage retail company, has earmarked Kuwait for the initial phase of its GCC-wide expansion programme and is planning to invest some USD4-5 million in ten restaurants in the country by February next year. Kuwait:                                                                                         The first four outlets, in Kuwait City's Marina Mall, are due to open in June. [...]

By | 2017-06-20T10:25:44+00:00 June 7th, 2006|Uncategorized|0 Comments

UAE-based Gourmet Gulf Company in US $40m expansion plan, to open 100 outlets across ME

In a major and strategic expansion, the UAE-based F&B retail company, Gourmet Gulf Company, has announced ambitous expansion plans across the Middle East region targeting to open 100 new outlets in the next five years at an initial investment of US$ 40 million. The company currently operates two YO! Sushi outlets in Dubai, the first [...]

By | 2017-06-20T11:06:02+00:00 February 25th, 2006|Uncategorized|0 Comments

Emirates International Investment Company LLC acquires shares of Global Alumina Corporation

TORONTO /CNW/ - Emirates International Investment Company LLC ("EIIC") has announced that it has acquired by way of a private placement from treasury 25 million common shares of Global Alumina Corporation (TSX: GLA.U) ("Global Alumina") at a price of US$2.00 per share for an aggregate purchase price of US$50 million. As announced on September 30, [...]

By | 2017-06-20T09:12:26+00:00 October 24th, 2005|Uncategorized|0 Comments

Global Alumina Announces US$ 100 Million Subscription Agreement Privately Placed Through SW Source Capital

TORONTO, ON - Global Alumina Corporation (TSX: GLA.U) announced today that it has entered into a subscription agreement to place US$ 100 million through the United Arab Emirates based private equity boutique SW Source Capital. Emirates International Investment Company LLC, subject to regulatory and shareholder approvals, will purchase 25 million common shares of Global Alumina [...]

By | 2017-06-20T10:11:25+00:00 August 17th, 2005|Uncategorized|0 Comments

BTU Power agrees to buy PSEG stake in Meiya Power

Lawyers at Freshfields Bruckhaus Deringer's offices in Hong Kong and New York recently advised BTU Power Company (BTU) on its agreement to acquire a 50 per cent equity interest in Meiya Power Company Limited (MPC) from PSEG Global of the United States. BTU will pay approximately US$220m for the shares. The sale is expected to [...]

By | 2017-06-19T12:21:02+00:00 October 13th, 2004|Uncategorized|0 Comments

Chinese, US Firms Invest in Gas Power Project

An American firm will join a Chinese group company to make a joint investment of about 700 million US dollars in a large power plant burning natural gas in northwest China, it was announced here recently. The Chinese and the US partners will cooperate for 20 years in the natural gas power project located in [...]

By | 2017-06-20T09:05:11+00:00 August 12th, 2000|Uncategorized|0 Comments