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Ballarpur Industries gets $100 mln investment from IFC

BY Reuters |

Paper manufacturer Ballarpur Industries Ltd said on Tuesday International Finance Corp (IFC) agreed to buy new shares worth $100 million in its unit Bilt Paper BV.
Etihad Rail set to launch next phase of UAE railway network

BY Reuters |

The United Arab Emirates' railway developer Etihad Rail is set to secure government funding and award contracts to build the second phase of its $11 billion national rail network, its acting chief executive officer said on Tuesday.
Dubai Aluminium plans $600 mln smelter upgrade

BY Reuters |

Dubai Aluminium (Dubal) plans to spend $600 million over the next three years to upgrade its smelter, an executive of its parent company, Emirates Global Aluminium, said on Tuesday.
StanChart PE invests $35 mln in Jordan poultry producer

BY Reuters |

Standard Chartered Private Equity (SCPE), the private equity arm of Standard Chartered Bank, said it had spent $35 million to buy a minority stake in Jordanian poultry producer Al Jazeera Agricultural Co, its first investment in Jordan.
Working with Oman on restructuring plan: Bulgaria Corpbank's owner

BY Reuters |

The majority owner of Bulgaria's troubled Corporate Commercial Bank (Corpbank) said on Monday it was working with Oman's sovereign wealth fund and other interested investors to restructure the lender.
Amazon to invest $2 bln more in India as e-commerce race heats up

BY Reuters |

Amazon.com Inc has said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent, but fast-growing, e-commerce sector.
Panasonic 'to initially invest $200 to $300 mln in Tesla battery plant'

BY Reuters |

Panasonic Corp plans to initially invest about 20 billion to 30 billion yen ($200 million to $300 million) in Tesla Motors Inc's planned lithium-ion battery plant in the United States, a person familiar with the matter said.
Saudi state investment fund to set up new companies

BY Reuters |

Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim al-Assaf said.
Sonatrach to spend $100 bln over 5 years to boost oil, gas

BY Reuters |

Algerian state energy group Sonatrach has approved a $100 billion investment plan for 2014-2018 to increase oil and gas output and also aims to start producing shale gas in 2020, the official APS news agency reported.
Life Healthcare to invest up to $132 mln in India hospital chain to raise stake

BY Reuters |

South African hospital operator Life Healthcare Group Holdings Ltd will invest up to 7.9 billion rupees ($132 million) to raise its stake in an Indian hospital chain, the venture's India partner Max India Ltd said on Tuesday.