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FINANCIAL NEWS
UAE tycoon eyes USD20b African venture
12 Nov 2011
(MENAFN) Chairman of Emaar Properties Mohammad Alabbar is seeking USD20 billion natural resources projects in Africa, Arabian Business reported.
Alabbar runs Africa Middle East Resources Company, which aims to exploit natural resources for key mining and energy stakeholders, emphasizing on base metals, precious metals, and oil and gas.
He also said that the company operates in Madagascar, Guinea, Congo, Niger, Angola and Gabon, adding that in most cases it is starting from scratch.
In April, Alabbar entered in a USD1.6 billion aluminum smelter in the state of Sarawak, Malaysia.
Smelter Asia will develop, own and operate the private aluminum plant with an annual capacity of 370,000 metric tonnes during the first phase.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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