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Global Alumina Announces Extension of Time Period with Respect to Joint Venture Negotiations

TORONTO, ON -Global Alumina Corporation (the "Company") (TSX: GLA.U) today announced that the Company and the lenders under the previously announced US$100 million Loan Facility Agreement have agreed to extend from November 30, 2006 to December 31, 2006 the deadline for the negotiation of the terms of a joint venture to develop and operate the [...]

By | 2017-06-20T09:59:52+00:00 November 30th, 2006|Uncategorized|0 Comments

Global Alumina Announces Third Quarter Results

TORONTO, ON,- Global Alumina Corporation (TSX: GLA.U) today announced that the Company's Board of Directors has approved its financial and operating results for the three- and nine-month periods ended September 30, 2006. The unaudited financial statements and management's discussion and analysis can be viewed or printed from the Company's SEDAR reference page at www.sedar.com. All [...]

By | 2017-06-20T10:08:11+00:00 November 10th, 2006|Uncategorized|0 Comments

Orascom Telecom Acquires Minority Stake

Cairo: Orascom Telecom Holding S.A.E. ("OTH") has signed an agreement to purchase a 7.91% stake in its Algerian GSM operation, Orascom Telecom Algeria ("OTA"), for cash consideration of US$ 399 million from Emirates International Investment Company ("EIIC"). Pro forma for this transaction, Orascom Telecom will directly and indirectly own 95.6% of OTA. The purchase agreement replaces [...]

By | 2017-06-20T10:41:36+00:00 October 27th, 2006|Uncategorized|0 Comments

The UAE’s Gourmet Gulf goes it alone with Pizzeria Cucina

Gourmet Gulf, the UAE-based food and beverage company, has unveiled its first, solely-owned brand, Pizzeria Cucina. United Arab Emirates: The traditional style pizza company will be launched GCC-wide and represents another top-tier addition to the ever-increasing Gourmet Gulf portfolio. The home-grown franchise will debut in Kuwait this month (June 2006) at the Marina Mall and [...]

By | 2017-06-20T10:58:55+00:00 August 6th, 2006|Uncategorized|0 Comments

Kuwait leads Gourmet Gulf’s GCC expansion

Gourmet Gulf, the pioneering UAE-based food and beverage retail company, has taken its first steps in a GCC expansion programme with four of its franchises opening in Kuwait's Marina Mall. Gourmet Gulf, the pioneering UAE-based food and beverage retail company, has taken its first steps in a GCC expansion programme with four of its franchises [...]

By | 2017-06-20T10:29:33+00:00 July 24th, 2006|Uncategorized|0 Comments

Gourmet Gulf brings Morelli’s Gelato to the Emirates

Gourmet Gulf, the UAE-based food and beverage retail company, is bringing Morelli's Gelato - the 'Rolls Royce' of ice-cream parlours to the UAE. United Arab Emirates: The brand, which operates a signature outlet in London's premier Knightsbridge Harrods Department Store, will see its flagship GCC franchise open at Dubai Festival City - the 'city-within-a-city' being [...]

By | 2017-06-20T10:21:59+00:00 July 5th, 2006|Uncategorized|0 Comments

Thornton appointed GM of Gourmet Gulf

Gourmet Gulf, a pioneer of quality food and beverage retailing in the Arabian Gulf, has appointed Briton Robin Thornton as General Manager with a mandate to drive the company's expansion across the GCC, North Africa and the Levant. United Arab Emirates: Thornton, (43), joins the UAE-headquartered company after a 25 year food and beverage career [...]

By | 2017-06-20T11:01:24+00:00 June 27th, 2006|Uncategorized|0 Comments

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