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Turner & Townsend named cost consultant for key Saudi PIF projectsTurner & Townsend, a global professional services company, said it has been appointed as the cost consultant for the Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of employee housing across the Kingdom of Saudi Arabia (KSA). More… |
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UAE economy resilient amid global trade war, says expertAs uncertainty lingers over the transition from trade wars to trade deals with the US, global economic confidence remains shaken. Gold prices have surged past $3,050 an ounce, reflecting heightened risk aversion among central banks. In response, monetary More… |
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Kuwait Fund inks finance deal for vital Bahrain projectBahrain has signed a key financing agreement with the Kuwait Fund for Arab Economic Development (KFAED) for the development of Shaikh Jaber Al Ahmad Al Sabah Avenue, a vital artery connecting the Southern Governorate and the Capital, serving industrial, residential and commercial areas. More… |
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Bader Nasser Al-Kharafi named Boursa Kuwait ChairmanBoursa Kuwait has announced that its board of directors have unanimously approved the formation of the new board, appointing Bader Nasser Al-Kharafi as Chairman of the Board for a three-year term spanning 2025 to 2027. Bader Abdullah Al-Kandari was named More… |
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Ithmaar Reward winner of February draw announcedIthmaar Bank, a Bahrain-based Islamic retail bank, has announced the winner of the February draw of the Ithmaar Reward Programme that is designed exclusively for corporate Modaraba accountholders. The draw was held at the bank’s headquarters in See More… |
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HK investment deal to boost Bahrain financial sectorThe Investment Promotion and Protection Agreement inked between the Government of the Kingdom of Bahrain and the Government of the Hong Kong Special Administrative Region will come into effect today (March 21). The agreement reflects the strong and growing tie More… |
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Bigger, bold M&A deals fuel transformative growth in Mideast regionIn 2024, the Middle East’s mergers and acquisitions (M&A) market demonstrated remarkable resilience and confidence, driving strategic investments in sectors such as AI, renewable energy and infrastructure, according to a report by PwC Middle East. More… |
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Farnek launches tech-driven workforce providerUAE-based facilities management (FM) company Farnek has launched Flexitalent, a dedicated technology-driven workforce provider, offering versatile and tailored solutions for a range of vertical industry sectors throughout the UAE. Flexitalent integrates techno More… |
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Al Mal Capital REIT announces final dividend for FY 2024Al Mal Capital REIT, the first real estate investment trust managed by Al Mal Capital, a diversified, multi-line investment company and a subsidiary of Dubai Investments, has delivered yet another strong financial performance for FY 2024, setting the final dividend at AED20.5 million ($5.6 mi More… |
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Bapco Energies completes $1bn Reg S sukuk issuanceBapco Energies, the integrated company leading the energy transition in the Kingdom of Bahrain, has successfully completed a landmark $1 billion Reg S Sukuk issuance with a concurrent capped tender offer for up to 25% of its outstanding $1 billion 7.5% Notes due 2027, thus reinforcing its com More… |
