2 power stations to be developed in Egypt
Islamic Development Bank
Cairo - MENA
The Electricity Ministry signed a contract to upgrade steam turbines and heat recovery steam generators at two power stations.
The deal is part of a bigger project aimed at converting the gas-fueled power stations of Al Shabab and West Damietta into combined cycle plants.
The conversion is expected to be completed by February 2017, deputy electricity minister Osama Omran said.
The new steam turbines and heat recovery steam generators, which will cost EGP 2454 million, will be mainly funded by the European Investment Bank, European Bank for Reconstruction and Development, Islamic Development Bank, Saudi Fund for Development and the National Bank of Egypt.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
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