The United Arab Emirates plans to invest $9.5 billion in aluminium smelters in Indonesia’s Kalimantan region, Indonesia’s ambassador to the UAE said on Wednesday. “Emirates Aluminium will invest $4 billion in West Kalimantan to build an aluminium smelter and a power plant ... Ras Al Khaima Investment Authority will invest $5.5 billion in East Kalimantan to build an aluminium smelter, a power plant and a railway line related to the projects,” M. Wahid Supriyadi told reporters.

JAKARTA, (Xinhua) Saban Capital Group, a Los Angeles- based investment firm, is buying 5 percent of Indonesia's Media Nusantara Citra (MNC) for 692.3 billion rupiah (78.2 million U.S. dollars), the Jakarta Globe reported here on Tuesday. The investment firm, which specializes in media, entertainment and communications, can also purchase an additional 2.5 percent in MNC, which is controlled by Global Mediacom, the country's largest media company.

JAKARTA, (Xinhua) Investors from the Union of Arab Emirate will explore industries of Islamic banking, tire and CPO refinery in Indonesia, a press statement said here on Wednesday. The investors' visit to Indonesia is part of the country's effort in promoting the Trade Expo Indonesia (TEI) 2011. They consist of delegation of 30 CEOs/executive vice presidents, managing directors, general managers from 20 Islamic banking, tire and CPO refinery industries. They will stay on Oct.