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Dubai wealth fund ICD launches new logistics firm

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 Insights

05-Sep-18 ISS Global Forwarding has been set up by Investment Corporation of Dubai, and will invest in the Middle East, Africa, Europe and India, later expanding to Asia and China. The company will focus on freight forwarding and contract logistics. [image: Arabian Business]

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China gets another shot at Mideast energy

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 Insights

29-Aug-18 US sanctions on Iran have presented new opportunities for Chinese companies, after Total failed to secure an exemption for its investment in South Pars. China’s demand for oil almost doubled in the past decade and natural gas is booming. [image: Bloomberg]

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Africa's first waste to energy plant launched in Addis Ababa

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 Insights

21-Aug-18 Africa’s first waste-to-energy facility was recently launched in Addis Ababa, Ethiopia. Construction of the facility, called Reppie, began in 2014 at an estimated cost of USD118 mn under an agreement between Cambridge Industries and the Ethiopian government.

[image: Africanews]

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Korea's Hanwha vows to invest USD19.5 bn

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 Insights

13-Aug-18 Hanwha will earmark USD19.5 bn for investments and hire 35,000 workers in its largest-ever growth plan. Korean chaebol (conglomerates) Samsung, Hyundai, SK, LG and others have made similar announcements recently in response to government appeals to help the economy. [image: Business Korea]

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