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Straits Times
6 days ago
- Business
- Straits Times
Syria signs $18b in investment deals, including airport and subway projects
Sign up now: Get ST's newsletters delivered to your inbox Syria's interim president, Mr Ahmed al-Sharaa (centre), posing for a group photo during the Aug 6 signing ceremony for investment deals worth US$14 billion (S$18 billion). CAIRO - Syria signed 12 investment deals worth US$14 billion (S$18 billion) on Aug 6 in a ceremony attended by interim President Ahmed al-Sharaa, including infrastructure, transportation and real estate projects aimed at reviving the war-damaged economy. The agreements included a US$4 billion deal for building a new airport in Damascus signed with Qatar's UCC holding, and a US$2 billion deal to establish a subway in the Syrian capital with the UAE's national investment corporation. Other major developments include the US$2 billion Damascus Towers project signed with Italy-based UBAKO.
Straits Times
6 days ago
- Business
- Straits Times
Syria signs $14 billion in investment deals, including airport and subway projects
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: A general view shows the main entrance of Damascus International Airport in Damascus, Syria, June 30, 2025. REUTERS/Stringer/File Photo CAIRO - Syria signed 12 investment deals worth $14 billion on Wednesday in a ceremony attended by interim President Ahmed al-Sharaa, including infrastructure, transportation and real estate projects aimed at reviving the war-damaged economy. The agreements included a $4 billion deal for building a new airport in Damascus signed with Qatar's UCC holding, and a $2 billion deal to establish a subway in the Syrian capital with the UAE's national investment corporation. Other major developments include the $2 billion Damascus Towers project signed with Italy-based UBAKO. In July, Syria signed $6.4 billion of investments with Saudi Arabia as it seeks to rebuild after a 14-year civil war. REUTERS
Economic Times
05-08-2025
- Automotive
- Economic Times
Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous
Tata Motors' 2008 acquisition of Jaguar Land Rover (JLR) transformed it into a global name in passenger cars. Seventeen years later, the company is preparing for another big leap — this time in commercial vehicles. Tata Motors will acquire Italy-based commercial vehicle maker Iveco for around INR38,500 crore (EUR3.82 billion). With this, Tatas will get the full ownership of Iveco Group's trucks, buses, powertrain operations, and the captive
Time of India
03-08-2025
- Business
- Time of India
2 NMC officials in Finland to inspect 72M firefighting ladder for high-rises
Nagpur: Considering the population increase and vertical growth in the city, the Nagpur Municipal Corporation (NMC) is scaling up its firefighting infrastructure with a major upgrade — the planned procurement of a 72-metre hydraulic platform ladder to tackle emergencies in high-rise buildings. Also, the number of fire stations is set to increase from the current nine to around 22. Recruitment is also under way to fill long-pending vacancies for firefighters, officers, and rescue personnel. The most critical addition to the city's firefighting capability remains the 72-metre hydraulic ladder, meant to respond effectively to emergencies in skyscrapers. To inspect the equipment before procurement, chief fire officer Tushar Barahate and executive engineer (workshop department) Rajesh Gurumule embarked on a week-long tour to Finland recently. The ladder is manufactured by Finnish firm Bronto Skylift, which was selected after a global tendering process. Italy-based Magirus-Schela was the other contender, but Bronto was chosen based on superior technical and financial evaluations. With several buildings in the city now rising above 90 metres, the 72-metre turntable ladder has become a necessity for efficient emergency response and disaster management. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like TV providers are furious: this gadget gives you access to all channels Techno Mag Learn More Undo At present, NMC's fire and emergency services department has a ladder that can reach only up to 42 metres — inadequate for the evolving urban skyline. During the Finland visit, the officials will observe live demonstrations of the ladder's performance under various simulated emergency conditions. The visit aims to assess whether the platform meets NMC's specific operational needs and is suited to Nagpur's urban layout. Meanwhile, the fire department has generated Rs18.25 crore in revenue through the issuance of No Objection Certificates (NOCs) to buildings and commercial establishments. The department has also conducted fire audits of 202 govt, semi-govt buildings, and hospitals. In response to a query whether the department is equipped to handle fire incidents in skyscrapers, a senior fire official said, "Everything depends on the internal fire protection systems. Our current ladder reaches 42 metres. What truly matters are fire lifts, emergency towers, staircases, refuge areas, and an efficient sprinkler system." Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Time of India
01-08-2025
- Automotive
- Time of India
Pricol reports 45.57 per cent rise in Q1 revenue to ₹877.66 crore
Pricol Limited , automotive technology firm , reported consolidated revenue from operations of ₹877.66 crore for the first quarter of FY26, marking a 45.57 per cent year-on-year increase compared to the same period last year. The company also reported EBITDA of ₹101.86 crore for the quarter, representing a 26.30 per cent rise year-on-year. Profit after tax (PAT) for the quarter stood at ₹49.89 crore, a growth of 9.51 per cent. Operational and partnership developments The company has signed a technology licensing agreement with Italy-based DOMINO SRL to expand its handlebar control technologies portfolio for two-wheelers across India and Southeast Asia. This includes components such as throttles, switches, and related systems. In terms of industry recognition, Pricol received a 'Special Support in Supply Chain' award from Suzuki Motorcycle India Limited at its Annual Vendor Conference 2025. This marks the fourth consecutive year the company has been recognised as a top supplier by Suzuki. Additionally, Pricol Precision Products Private Limited was awarded 'Excellence in Business Competitiveness' by Ather Energy and received a 'Supplier Excellence Recognition' award from Mann + Hummel. Vikram Mohan, Managing Director, stated, 'We have made meaningful progress this quarter by staying focused on our core strengths: operational excellence, technology integration, and market-driven solutions. We are closely monitoring the demand across key segments considering the external dynamics due to rare earth magnet shortage and we remain confident in our ability to sustain and build on this momentum. We are also excited about recent technology partnerships which will be an additional growth driver for the company.'
