Facebook site attacking Down's kids faces heat

facebookItaly's equality minister has threatened several people who proposed that children suffering from Down's syndrome can be used for target practice on Italian Facebook site.

The page displayed a baby with Down's with ‘imbecile’ on its forehead. The page said that ‘easy and amusing solution for ridding the world of these foul creatures was by using them as target practice.

Eni led consortium to develop massive Iraqi oil field

Eni led consortium to develop massive Iraqi oil fieldIraq on Friday signed a contract with a consortium led by Italy's Eni to develop the giant al-Zubair oil field in the southern province of Basra. Iraq's oil Ministry and Eni led consortium were negotiating the deal to develop the 4-billion-barrel oil field since last year. Besides Zubair deal, Iraq, first time since 2003, will also strike seven new contracts for other oil finds.

Emirates Steel inks deal worth $474 million with Italian firm

State-owned Emirates Steel Industries has signed a $474m contract with Italy-based Danieli Corporation for construction of phase II B of the company's overall $2.45billion expansion plan.

Under the arrangement, Danieli will be responsible for construction of a heavy section rolling mill with a production capacity of 1 million tonnes per year, which will add to Emirates Steel's total capacity by the end of 2011.

Company official stated that the Phase II B will produce heavy section beams, columns and sheet piles.

Italy-based Danieli bags an order worth Dh785 million from Al Rajhi Steel

Al Rajhi Steel, one of Saudi Arabia's three largest steel companies, has awarded an order worth Dh785 million ($213.3 million) to Italian foundry equipment maker Danieli to build 1 million tonne per year capacity steel rebar plant.

Under the arrangement, Danieli will build a steel plant in Saudi Arabia. The plant, which will be located in the Red Sea port city of Jeddah, is expected to start production in November, 2011.

According to a company official, the upcoming plant may take 22 months of time frame to complete the construction.