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Tag Archives: invest

UK CfDs offer low risk to offshore investors

LONDON: Offshore wind subsidy and tax regimes in the UK, Denmark and France offer developers lower risk when compared to those found in Germany, Belgium and the Netherlands, a Dutch study has found. Read More »

Italy to invest $2b in Iran projects as Tehran gets back to business

ROME: Italy and Iran have signed a deal which could see investment in Iranian projects worth $2 billion. The agreement aims at reviving trade and economic ties between the countries after Western sanctions against Tehran are removed. The countries plan joint industrial, construction and infrastructure projects, and have already agreed on expanding commercial transactions and promoting relations, a joint press ... Read More »

Canada to invest $22.7m in Arctic shipping safety

TORONTO: Canadian authorities on Friday committed $22.7 million to improving the safety of shipping in the Arctic. Various branches of the state will be beneficiaries of the sum, to be dispersed over a five-year period. Fisheries and Oceans Canada’s Canadian Hydrographic Service will acquire and install four state-of-the-art multibeam sonar systems aboard Canadian Coast Guard (CCG) icebreakers to help boost ... Read More »

Wang Jianlin looking to invest $1bn in UK entertainment industry

BEIJING: Wang Jianlin, chair of China’s largest property firm, Dalian Wanda, said the UK had one of the most open markets and that investment was not subject to the same scrutiny as elsewhere. Mr Wang told the BBC’s chief business correspondent Linda Yueh that he was looking to invest $1bn (£667m) in the UK entertainment industry. He is also considering ... Read More »

Finland to invest an additional €112m in Talvivaara

HELSINKI: The Government has proposed that an additional 112 million euros be earmarked for Terrafame to enable the wholly state-owned special-purpose company to invest more in acquiring the mining operations of the bankruptcy estate of Talvivaara Sotkamo. Olli Rehn (Centre), the Minister of Economic Affairs, believes it is vital to find a commercially profitable solution for the troubled nickel mine. ... Read More »

Poland to invest PLN 67bn in rail infrastructure by 2023

WARSAW: Poland will spend PLN 67 billion on investments in railways to 2023, according to the national rail program sent to social consultations. The bulk of the program will be financed with EU funds: The Polish railways PLK are about to receive at least EUR 9.48 billion EU co-financing to 2020. Additional financing is scheduled to come from excise tax ... Read More »

Finland’s ready to invest an additional €112m in Talvivaara

HELSINKI: The Government has proposed that an additional €112 million be earmarked for Terrafame to enable the wholly state-owned special-purpose company to invest more in acquiring the mining operations of the bankruptcy estate of Talvivaara Sotkamo. Olli Rehn (Centre), the Minister of Economic Affairs, believes it is vital to find a commercially profitable solution for the troubled nickel mine. “The ... Read More »

Finland’s ready to invest an additional €112m in Talvivaara

HELSINKI: The Government has proposed that an additional €112 million be earmarked for Terrafame to enable the wholly state-owned special-purpose company to invest more in acquiring the mining operations of the bankruptcy estate of Talvivaara Sotkamo. Olli Rehn (Centre), the Minister of Economic Affairs, believes it is vital to find a commercially profitable solution for the troubled nickel mine. “The ... Read More »

Malin invests $35m in Melinta in first post

DUBLIN: Malin, an Irish-based company set up by a number of former Elan executives to invest in privately held life science assets, has invested $35 million and committed to invest a further $10 million in Melinta Therapeutics. The announcement marks Malin’s first new asset following its stock exchange debut earlier this year and brings the number of operating assets within ... Read More »

French Bmax USA company to invest $4.3 million, create 26 jobs in Pontiac

PARIS: A provider of advanced metal processing technology solutions plans to open its first North American facility in Pontiac, earning a $250,000 Michigan Business Development Program performance-based grant in the process. Bmax USA, LLC, is investing more than $4.3 million and creating 26 jobs at the location, which was chosen over a competing site in Ohio. The company specializes in ... Read More »

Investors file $1.9 billion law suit against Norway over tariff cuts

OSLO: An Oslo court started to hear a $1.9 billion lawsuit by a group of international investors against Norway, in a case that challenges the country’s reputation as a predictable place to do business with little political risk. Investors including Allianz, UBS, the Abu Dhabi Investment Authority and two Canadian pension funds are suing Norway over its decision to cut ... Read More »

Metecno to invest €25m in Hungary

BUDAPEST: Buildings material manufacturer Metecno will spend €25 mln to construct two plants in Hungary by the spring of 2017, the managing director of the companyʼs local unit said yesterday. Swedsteel-Metecno managing director Alyyan Nabeel said the first plant, which will make wall and roof coverings as well as drainpipes, will be completed in Q1 2016. The second plant will ... Read More »

Metecno to invest €25m in Hungary

BUDAPEST: Buildings material manufacturer Metecno will spend €25 mln to construct two plants in Hungary by the spring of 2017, the managing director of the companyʼs local unit said yesterday. Swedsteel-Metecno managing director Alyyan Nabeel said the first plant, which will make wall and roof coverings as well as drainpipes, will be completed in Q1 2016. The second plant will ... Read More »

Envoy to urge French investors to invest in Pakistan with open heart and mind

PARIS: Security situation in Pakistan is improving satisfactorily and I am visiting Paris next week to convince French investors to come and invest in Pakistan with an open heart and mind, said Madame Martine Dorance Ambassador of France in Pakistan. She said that Pakistan and France have cordial relations in the fields of commerce and education. She said that Faisalabad ... Read More »

Denmark to invest 10b Kroner for agriculture sector

COPENHAGEN: The Danish government has decided to collect up to 10 billion kroner to help save the severely indebted agriculture sector, Politiken reports. The government has already allocated 2 billion kroner to a new fund called Dansk Landbrugskapital (capital for Danish agriculture) and expects to get an additional 8 billion from private investors and lenders, such as pension banks. According ... Read More »

Denmark to invest 10b Kroner for agriculture sector

COPENHAGEN: The Danish government has decided to collect up to 10 billion kroner to help save the severely indebted agriculture sector, Politiken reports. The government has already allocated 2 billion kroner to a new fund called Dansk Landbrugskapital (capital for Danish agriculture) and expects to get an additional 8 billion from private investors and lenders, such as pension banks. According ... Read More »

French Le Belier’s investment of HUF 8b to create 100 jobs in Hungary

BUDAPEST: Le Belier a French automotive industry supplier announced that it would invest HUF 8 bln in the city of Ajka, western Hungary, with Hungarian state and EU support of HUF 507 mln being allotted for the first phase, Hungary’s foreign minister Péter Szijjártó said in Budapest. Szijjártó added that negotiations between the government and the firm are already under ... Read More »

Poland’s Maple to invest PLN 123.5m in PP film factory

WARSAW: A Poland based company Maple is aiming to invest around PLN 123.5m to expand the output capacity of its production facility. The Polish factory makes PP film, and its output is supplied to different producers of consumer goods, laminates and labels. The Maple Company is to take on a further 70 employees at the plant to increase its output ... Read More »

Japan savers hold $25 billion in tax-free investment accounts

TOKYO: Japan’s savers held almost $25 billion in the nation’s tax-free investment accounts at the end of the program’s first year. Daiwa Institute of Research Ltd. says this falls short of the government’s target. About 3 trillion yen ($24.7 billion) was invested in Nippon Individual Savings Accounts at the end of December, the Financial Services Agency said in a statement ... Read More »

Japanese firms to invest $1.32b in Indonesia

JAKARTA: Four Japanese firms will pour US$1.32 billion into Indonesia over the next few years in various sectors, from automotive to cattle breeding, the Investment Coordinating Board (BKPM) said here the other day. The biggest portion — $600 million — will come from a Japanese automotive firm seeking to build a manufacturing facility in Bekasi, West Java, according to BKPM ... Read More »