solutions signs $118m contract
Business
Inditex posts record profit
Business
Meydan taps Empower for cooling
Empower will also acquire the existing cooling plant in the area.
- The total capacity provided would be 382,000 RT
- It will serve the needs of 750 existing and upcoming buildings in the city
Business
Bahrain mall eyes $159m expansion
The expansion work on The Avenues will be launched in Q3 2021.
- The expansion will add a leasable area of approximately 40,000 sq m to the shopping center
- The total gross leasable area will reportedly be approximately 77,500 sq m
Business
DEWA’s sustainability report out
It focuses on social, economic and environmental aspects.
- The 8th annual Sustainability Report 2020 focuses on DEWA’s efforts in promoting sustainability with its social, economic and environmental aspects
- The authority follows the best international practices as well as sustainable and integrated systems that ensure providing value-added services
Husqvarna Construction gets new GM
With this, the company eyes growth in the MEA region.
- Jeff Bennett’s broader responsibilities include achieving rapid growth in emerging markets, and shaping the company future
- He is also expected to spearhead the organization’s efforts to arrive at a competitive position in the MEA region
Business
Etisalat to partner with GMIS on 5G
The UAE-based company will share practices at GMIS 2021.
- The GMIS is being held at Expo 2020’s Dubai Exhibition Centre.
- Discussions will focus on government , society, women in leadership and the UAE’s Operation 300bn.
EGA sees $473m profit in H1
This was the company’s strongest H1 financial performance ever.
- EGA supplied some 442 customers in 57 countries with metal in the first half of 2021
- In the UAE, the company supplied 140,000 tons of metal to local customers
Tabreed ups cooling-scheme stake
The exclusive scheme supplies Al Maryah Island in Abu Dhabi.
- The acquisition is from joint venture partner Mubadala Infrastructure Partners
- The deal brings ownership of Tabreed in the scheme to 100 percent
Business
Arkan launches digital platform
Medical, lab supplies and equipment can be purchase online.
- The platform provides a user interface for B2B procurement management.
- Arkan said the launch in sync with Saudi Arabia Vision 2030.
Business
Al Seer Marine of IHC lists on ADX
The subsidiary of the International Holding Company has been listed under the ticker ASM.
- Al Seer Marine, which builds and operates vessels and manages yachts, has total assets of 3.98 billion dirhams ($1 billion)
- Al Seer Marine is the sixth IHC Group company to list on the ADX, following the successful listings of Palm Sports, Easylease, Zee Stores, Emirates Stallion Group
Business
AmCham Bahrain elects new board
Qays Zu’bi has been re-elected the president for two-year term.
- The new board is AmCham’s most diverse and representative since its formation in 2005.
- 40 percent of the Board’s seats are held by women.
Company News
HSBC relaunches SVB UK
Business
solutions signs $118m contract
Business
Inditex posts record profit
Business
Latest News
EGA H1 net profit $533 million
The firm expects growth in primary production and recycling business.
Business
Lego first half profit dips 17%
But the toy giant's market share grew as sales rose slightly.
Business
Most Read
Business
ICIEC, SAPICO ink pact
Pact to enhance commercial activities between the two.
- The ICIEC is a member of the Islamic Development Bank (IsDB) Group and a leading Shariah-compliant multilateral insurer.
- This partnership aligns with both parties' shared vision of fostering international trade and economic development.
Geostrategy
French President says change in existing world order would weaken West, Europe
PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
Business
AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.
- The combined platform will own and manage 167 of the latest technology, fuel efficient aircraft, consisting of 145 owned valued at around $6 billion.
- AviLease arranged $2.1 billion of competitive bridge financing commitments from four banks: BNP Paribas, Citibank N.A., HSBC Bank Middle East and MUFG Bank.