Turkey has 25 names on Forbes billionaires list
Among the world's 946 billionaires, 25 are from Turkey, according to a recent survey by Forbes magazine. Hüsnü Özyeğin was ranked the world's 249th richest man with $3.5 billion.
Mehmet Emin Karamehmet followed him with $2.4 billion, the 390th-richest person. Third and fourth place in Turkey were Şevket Sabancı and Erol Sabancı with $2.1 billion.
REad the full report here from Today's Zaman
Saturday, March 10, 2007
The $12 billion US Entertainment and Games Software
1,000 Companies Operate in the $12 billion US Entertainment and Games Software
March 09, 2007
Research & Markets has announced the addition of the First Research report: Entertainment and Games Software - Industry Profile to their offering.
Summary
The US entertainment and games software industry includes about 1,000 companies with combined annual revenue of about $12 billion. Major companies include Electronic Arts, Activision, THQ, and Take Two Interactive, along with divisions of large integrated companies such as Microsoft, Sony, and Nintendo. This report provides more data and stats about this industry
Read the full press release here @ Business Wire
March 09, 2007
Research & Markets has announced the addition of the First Research report: Entertainment and Games Software - Industry Profile to their offering.
Summary
The US entertainment and games software industry includes about 1,000 companies with combined annual revenue of about $12 billion. Major companies include Electronic Arts, Activision, THQ, and Take Two Interactive, along with divisions of large integrated companies such as Microsoft, Sony, and Nintendo. This report provides more data and stats about this industry
Read the full press release here @ Business Wire
Tennessee, USA State lottery hits $3 billion ticket sales
State lottery hits $3 billion mark for ticket sales
The Tennessee state lottery has hit the $3 billion mark.
The three-year-old lottery has hit the $3 billion mark for gross ticket sales, lottery officials said in a press statement this morning.
Lottery funding benefits state education programs
Read the full news report here @ Tennessean
The Tennessee state lottery has hit the $3 billion mark.
The three-year-old lottery has hit the $3 billion mark for gross ticket sales, lottery officials said in a press statement this morning.
Lottery funding benefits state education programs
Read the full news report here @ Tennessean
South Africa To Invest 25 Billion Rand In Fighting HIV/AIDS
South Africa To Invest 25 Billion Rand In Fighting HIV/AIDS
March 9th 2007
South Africa announced Friday it would spend 25 billion rand (3.3 billion dollars) fighting HIV/AIDS over the next five years.
The government aims to half the number of new HIV infections by 50 per cent by 2011 and provide treatment to a least 80 per cent of HIV-positive people
See more from this news report @ Playfuls
March 9th 2007
South Africa announced Friday it would spend 25 billion rand (3.3 billion dollars) fighting HIV/AIDS over the next five years.
The government aims to half the number of new HIV infections by 50 per cent by 2011 and provide treatment to a least 80 per cent of HIV-positive people
See more from this news report @ Playfuls
FAA Plans $1 Billion Spending Boost By 2012
FAA Plans $1 Billion Spending Boost By 2012
Mar 9, 2007
By Adrian Schofield/Aviation Daily
FAA plans to increase its capital spending on modernization efforts by more than $1 billion a year by fiscal 2012, with the largest increase -- nearly $500 million -- slated for FY2009.
Spending is expected to be about $2.5 billion in FY2008 and $3.5 billion four years later. The bulk of the capital increase will be in projects supporting the Next Generation Air Transportation System (NextGen).
Read the full news report here @ Aviation Week
Mar 9, 2007
By Adrian Schofield/Aviation Daily
FAA plans to increase its capital spending on modernization efforts by more than $1 billion a year by fiscal 2012, with the largest increase -- nearly $500 million -- slated for FY2009.
Spending is expected to be about $2.5 billion in FY2008 and $3.5 billion four years later. The bulk of the capital increase will be in projects supporting the Next Generation Air Transportation System (NextGen).
Read the full news report here @ Aviation Week
Premium Video to Reach $277 Billion in 2010
Premium Video to Reach $277 Billion in 2010
Mar 12, 2007
Revenues from pay TV, mobile video, DVD, broadband video and theater/box office receipts will reach $277 billion by 2010, up from less than $200 billion in 2006, according to iSuppli Corporation.
Read the full report here @ eMarketer
Mar 12, 2007
Revenues from pay TV, mobile video, DVD, broadband video and theater/box office receipts will reach $277 billion by 2010, up from less than $200 billion in 2006, according to iSuppli Corporation.
Read the full report here @ eMarketer
Exxon sees oil, gas projects spending of $20 billion a year through 2011
Exxon sees spending of $20 billion a year through 2011
Mar 8, 2007
Exxon Mobil Corp. plans to spend about $20 billion annually through 2011 and start production at 25 major oil and gas projects over the next three years, the oil company said.
The projects will add about 1 million barrels of oil equivalent per day (BOEPD) to its base volumes when they reach their peak, Exxon Mobil said. The company was producing about 4.2 million BOEPD at the end of 2006.
Full news report here @ Reuters
Mar 8, 2007
Exxon Mobil Corp. plans to spend about $20 billion annually through 2011 and start production at 25 major oil and gas projects over the next three years, the oil company said.
The projects will add about 1 million barrels of oil equivalent per day (BOEPD) to its base volumes when they reach their peak, Exxon Mobil said. The company was producing about 4.2 million BOEPD at the end of 2006.
Full news report here @ Reuters
China-Pakistan trade crosses US$ 5 billion mark in 2006
Sino-Pak trade crosses US$ 5 billion mark in 2006
09 March 2007
The Sino-Pak trade crossed the US$ 5 billion mark in the year 2006. According to figures provided by China Customs to Pakistan Mission here, Pakistan's exports to China registered a 21 per cent increase from US$ 832 million in 2005 to over US$ 1 billion in 2006.
The China's export to Pakistan also increased by 24 per cent, from US$ 3.42 billion in 2005 to US$ 4.24 billion in 2006.
See full report here, from APP
09 March 2007
The Sino-Pak trade crossed the US$ 5 billion mark in the year 2006. According to figures provided by China Customs to Pakistan Mission here, Pakistan's exports to China registered a 21 per cent increase from US$ 832 million in 2005 to over US$ 1 billion in 2006.
The China's export to Pakistan also increased by 24 per cent, from US$ 3.42 billion in 2005 to US$ 4.24 billion in 2006.
See full report here, from APP
Alitalia says 2007 revenues from air traffic could be €4.7 billion
Alitalia says 2007 revenues from air traffic could be €4.7 billion
March 9, 2007
Alitalia said Friday that it sees 2007 revenues from air traffic at about €4.7 billion (US$6.18 billion) as the struggling airline tries to return to profitability.
Read more from this news report @ International Herald Tribune
March 9, 2007
Alitalia said Friday that it sees 2007 revenues from air traffic at about €4.7 billion (US$6.18 billion) as the struggling airline tries to return to profitability.
Read more from this news report @ International Herald Tribune
Singapore targets USD 18 billion Middle East automotive aftermarket
Singapore targets USD18 billion Middle East automotive aftermarket in a big way
Auto-sales across the GCC fuel the booming aftermarket
This year, 12 companies from Singapore will be taking part in Automobile Aftermarket Middle East (AAME). This is the first time such a large group from the city-state is participating in the event.
International vendors from across 15 countries are expected to showcase their latest products, designs and ideas during AAME, which will be held from March 12 to 14, 2007 at Dubai World Trade Centre. The exhibitors include industry leaders dealing in automobile parts, accessories, repairs and maintenance, garage equipment, tyres, batteries and performance systems etc.
Read the full news report here @ AME Info
Auto-sales across the GCC fuel the booming aftermarket
This year, 12 companies from Singapore will be taking part in Automobile Aftermarket Middle East (AAME). This is the first time such a large group from the city-state is participating in the event.
International vendors from across 15 countries are expected to showcase their latest products, designs and ideas during AAME, which will be held from March 12 to 14, 2007 at Dubai World Trade Centre. The exhibitors include industry leaders dealing in automobile parts, accessories, repairs and maintenance, garage equipment, tyres, batteries and performance systems etc.
Read the full news report here @ AME Info
$18.8 Billion Offer for UK Drug Store Alliance Boots from KKR, Pessina
KKR, Pessina Offer $18.8 Billion for Alliance Boots
By Neil Craven
March 9, 2007, Bloomberg
Kohlberg Kravis Roberts & Co. and Italian billionaire Stefano Pessina offered 9.7 billion pounds ($18.8 billion) for Alliance Boots Plc, the largest U.K. drugstore chain, in what would be Europe's biggest buyout.
Alliance Boots was formed last year in a merger that combined 2,600 U.K. stores and a wholesale drug supplier to more than 125,000 pharmacies and hospitals.
See the full news report here @ Bloomberg
By Neil Craven
March 9, 2007, Bloomberg
Kohlberg Kravis Roberts & Co. and Italian billionaire Stefano Pessina offered 9.7 billion pounds ($18.8 billion) for Alliance Boots Plc, the largest U.K. drugstore chain, in what would be Europe's biggest buyout.
Alliance Boots was formed last year in a merger that combined 2,600 U.K. stores and a wholesale drug supplier to more than 125,000 pharmacies and hospitals.
See the full news report here @ Bloomberg
Asbestos victims claim Asarco LLC owes $2.66 billion
Asbestos victims claim Asarco LLC owes $2.66 billion
By Steven Church
Bloomberg News
Tucson, Arizona | 10 Mar 2007
Tucson-based Asarco LLC owes asbestos victims as much as $2.66 billion, the victims' lawyers say.
The estimate, contained in a March 5 court filing, is disputed by Asarco, its parent company Asarco Inc. and general creditors.
Read the full report here @ AZStarNet
By Steven Church
Bloomberg News
Tucson, Arizona | 10 Mar 2007
Tucson-based Asarco LLC owes asbestos victims as much as $2.66 billion, the victims' lawyers say.
The estimate, contained in a March 5 court filing, is disputed by Asarco, its parent company Asarco Inc. and general creditors.
Read the full report here @ AZStarNet
Dubai rough diamond trade reaches US$3.93 billion in 2006
Dubai rough diamond trade reaches US$3.93 billion in 2006
The total trade in rough diamonds in Dubai reached US$3.93 billion in 2006, up from US$3.73 billion in 2005, according to the Dubai Diamond Exchange (DDE). Rough diamond imports to the emirate reached US$1.56 billion in 2006, while exports stood at US$2.37 billion for the same period.
In terms of carat value, a total of 84.6 million carats were traded in 2006, compared to 71.2 million in 2005.
Full news story from here @ Dubai City Guide
The total trade in rough diamonds in Dubai reached US$3.93 billion in 2006, up from US$3.73 billion in 2005, according to the Dubai Diamond Exchange (DDE). Rough diamond imports to the emirate reached US$1.56 billion in 2006, while exports stood at US$2.37 billion for the same period.
In terms of carat value, a total of 84.6 million carats were traded in 2006, compared to 71.2 million in 2005.
Full news story from here @ Dubai City Guide
GCC to invest $100 billion in power sector in Middle East
GCC to invest $100 billion in power sector
Khaleej Times - 10 Mar 2007
Spurred by a buoyant economy and population growth, the GCC countries will invest $100 billion to generate 100,000 MW of additional power over the next 10 years to meet demand.
The UAE will account for a major share of the new investment in power and water desalination projects, with Dubai alone poised to spend Dh50 billion to almost double its power generating capacity to 9,500 MW.
More from this MENAFN post
Khaleej Times - 10 Mar 2007
Spurred by a buoyant economy and population growth, the GCC countries will invest $100 billion to generate 100,000 MW of additional power over the next 10 years to meet demand.
The UAE will account for a major share of the new investment in power and water desalination projects, with Dubai alone poised to spend Dh50 billion to almost double its power generating capacity to 9,500 MW.
More from this MENAFN post
$220 billion expected in renewable energy markets
$220 billion expected in renewable markets
March 9, 2007 - A recent study released by California-based Clean Edge Inc. predicts, internationally, clean energy markets are poised to quadruple in the next decade.
The market is expected to grow from $55.4 billion in revenues in 2006 to more than $226.5 billion by 2016.
Read the full news story here @ UPI
March 9, 2007 - A recent study released by California-based Clean Edge Inc. predicts, internationally, clean energy markets are poised to quadruple in the next decade.
The market is expected to grow from $55.4 billion in revenues in 2006 to more than $226.5 billion by 2016.
Read the full news story here @ UPI
India overtakes Japan in number of billionaires
India overtakes Japan in number of billionaires
Indians topped the list of richest people in Asia with 36 billionaires, of whom Forbes placed Lakshmi Mittal, Mukesh Ambani and Anil Ambani in the ultra elite global top 20, reports PTI.
The Forbes list for 2007 said India ended Japan’s 20-year reign as home to Asia’s most number of richest people. The land of the rising sun now has 24 billionaires with a combined net worth of 64 billion dollars.
More from this news report @ Assam Tribune
Indians topped the list of richest people in Asia with 36 billionaires, of whom Forbes placed Lakshmi Mittal, Mukesh Ambani and Anil Ambani in the ultra elite global top 20, reports PTI.
The Forbes list for 2007 said India ended Japan’s 20-year reign as home to Asia’s most number of richest people. The land of the rising sun now has 24 billionaires with a combined net worth of 64 billion dollars.
More from this news report @ Assam Tribune
Bank Of America Commits $20 Billion To Renewable Energy
Bank Of America Commits $20 Billion To Renewable Energy
AER Staff, 08 March 2007
Bank of America Corp. has introduced a $20 billion, 10-year initiative that encourages the development of environmentally sustainable business practices through lending, investing, philanthropy, and the creation of new products and services.
According to the company, it will commit $18 billion in lending, advice and market creation to help commercial clients finance the use and production of new products, services and technologies.
See more from this news report at Alternative Energy Retailer
AER Staff, 08 March 2007
Bank of America Corp. has introduced a $20 billion, 10-year initiative that encourages the development of environmentally sustainable business practices through lending, investing, philanthropy, and the creation of new products and services.
According to the company, it will commit $18 billion in lending, advice and market creation to help commercial clients finance the use and production of new products, services and technologies.
See more from this news report at Alternative Energy Retailer
Philips to sell stake in Taiwan's TSMC for 8.5 Billion us $
Philips to sell stake in Taiwan's TSMC, worth $8.5-billion (U.S.)
Associated Press
AMSTERDAM — Royal Philips Electronics NV, Europe's largest consumer electronics maker, said it plans to sell its 16.2-per-cent stake in Taiwan Semiconductor Manufacturing Co. over the next few years. The stake is valued at around $8.5-billion.
Taiwan Semiconductor Manufacturing is the world's biggest contract chip maker by revenue, and supplies chips for mobile phones, digital cameras and computers.
Full story here, from The Globe & Mail
Associated Press
AMSTERDAM — Royal Philips Electronics NV, Europe's largest consumer electronics maker, said it plans to sell its 16.2-per-cent stake in Taiwan Semiconductor Manufacturing Co. over the next few years. The stake is valued at around $8.5-billion.
Taiwan Semiconductor Manufacturing is the world's biggest contract chip maker by revenue, and supplies chips for mobile phones, digital cameras and computers.
Full story here, from The Globe & Mail
Friday, March 9, 2007
Europe Auto Major Volkswagen 4Q Profit Up to $2.03 Billion
Volkswagen 4Q Profit Up to $2.03 Billion
March 9, 2007
Volkswagen AG, Europe's largest automaker, said Friday that fourth-quarter profit rose sharply on strong vehicle sales.
Profit after tax in the final quarter of 2006 rose to euro1.54 billion (US$2.03 billion), up from euro4.35 million in the same period the previous year, the Wolfsburg, Germany-based company said in a statement
Read the full news report from the Houston Chronicle
March 9, 2007
Volkswagen AG, Europe's largest automaker, said Friday that fourth-quarter profit rose sharply on strong vehicle sales.
Profit after tax in the final quarter of 2006 rose to euro1.54 billion (US$2.03 billion), up from euro4.35 million in the same period the previous year, the Wolfsburg, Germany-based company said in a statement
Read the full news report from the Houston Chronicle
EADS loses $1.01 billion in the 2006 fourth quarter
EADS loses $1.01 billion in the fourth quarter
Airbus suffered its worst year since it began in 1970, as delays, higher expenses and a weak dollar dragged down fourth-quarter and 2006 net profit for its parent, EADS NV.
Co-chief executive Louis Gallois pointed to the multiple and major delays to the A380 superjumbo that caused EADS to lose $1.01 billion in the October-December period. He also said that things would only get worse before they get better.
Airbus suffered its worst year since it began in 1970, as delays, higher expenses and a weak dollar dragged down fourth-quarter and 2006 net profit for its parent, EADS NV.
Co-chief executive Louis Gallois pointed to the multiple and major delays to the A380 superjumbo that caused EADS to lose $1.01 billion in the October-December period. He also said that things would only get worse before they get better.
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