DUBAI, January 5 - The plastic packaging industry in the Middle East is fast evolving with all stakeholders in the value chain evaluating the strategies needed to transform the region into an exciting export market, amidst expectations of additional capacities for raw material production and strong government support.
DUBAI, UAE, January 4 - The world's tallest building was unveiled tonight to an estimated crowd of over 400,000 and the world, in a crescendo of fireworks, lasers and fountain displays.
HAIFA, Israel, January 4 - Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter: the "Company", "ORL"), Israel's largest oil refiner, announced that it has acquired 24.5% of Haifa Basic Oils (hereinafter: "HBO") from Paz Oil Company Ltd. (hereinafter: "Paz"), held in trust, in consideration for NIS 59 million, and that the acquisition has been approved by the Company's Board of Directors. The consideration is subject to adjustments if during a period of 5 years the Company will enter into an agreement to acquire an additional shareholder's holding in HBO for a consideration indicating to a value of over NIS 240 million for HBO.
HONG KONG, January 4 - Hutchison Telecommunications International Limited ("HTIL" or the "Company"; SEHK: 2332, NYSE: HTX) today announces that it has received an approach from the Company's majority shareholder, Hutchison Whampoa Limited, regarding a possible general offer to the Company's shareholders and option holders, and understands that an announcement pursuant to the Hong Kong Takeovers Code on the subject may be imminent. HTIL has requested that the New York Stock Exchange halts trading of the Company's American Depositary Shares pending the release of the announcement. Trading of the Company's shares on the Hong Kong Stock Exchange has been suspended effective since 2:30 p.m. (Hong Kong time) on 4 January 2010 pending the release of the announcement.
EDINBURGH, Scotland, January 4 - Travel search site Skyscanner (www.skyscanner.net) reveals the top 50 most searched for destinations from UK airports for travel in 2010.
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