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News & Views General Zain has removed ownership restrictions to enable foreign investors to acquire a majority stake in the company. Saudi Aramco’s planned joint venture with Dow Chemical would have an annual production capacity of 8 Mn tonnes of petrochemical products. Sabb Takaful has successfully raised SR343.4 Mn in capital through its rights issue. [...]
News & Views General Kuwait based Zain is planning to reduce its headcount by 13.0% till 2011 and outsource back office functions in order to boost its operating margin. UBS AG and Abu Dhabi Investment Co. received commitments of about $250 Mn to invest in the transportation and utilities industries of Middle East and North [...]
