INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Bahrain to spend $324 million to build over 1,300 flats in Salman City

    • Salman City began its life in 2018 as Salman Town in the Northern Governorate of Bahrain, and was initially spread over 10 man-made islands

    • Since then, it has grown to cover 740 hectares of land as more islands have been added to this ambitious housing project

    Bahrain plans to build a total of 1,382 flats on Island 12 of Salman City at a cost of BD123 million ($324 million), said local reports on Sunday, July 18.

    This is part of a big residential development project, said the reports, adding that it is likely to be completed by the second quarter of 2023.

    It is also part of the Government Action Plan (GAP), which stipulates the construction of 25,000 flats to meet the needs of applicants who are on the waiting list.

    Salman City began its life in 2018 as Salman Town in the Northern Governorate of Bahrain, and was initially spread over 10 man-made islands.

    Since then, it has grown to cover 740 hectares of land as more islands have been added to this ambitious housing project.

    The local reports quoted Bahrain’s Housing Minister Bassem Al Hamer as saying that the new flats would be built as part of the general blueprint of the Salman City.

    The minister stressed the importance of the project in meeting the growing demand for flats in the Northern Governorate and other areas.

    He said the ministry was focusing on sustainable development. This, he said, would be reflected in the Salman City project through the use of renewable energy and recyclable materials.

    The project will also have open areas, cycling lanes, and children’s gardens, said the local reports.

    “Most of the flats have been designed to look out on green spaces — parks, gardens and the 40-km-long beachfront cycling and walking lanes,” said the minister.