April 22nd, 2019 | 0 commentsDiyar Al Muharraq, one of the leading urban developers in Bahrain, has announced its strategic partnership of the Gulf Property Show 2019, which will run from April 23 to 25 at the Bahrain International Exhibition and Convention Centre. The event will be held under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister...
April 7th, 2019 | 0 commentsAl Tijaria, the commercial real estate development company, will be launching its debut residential project “Symphony Tower,” a 351-unit property located within the Diplomatic Area in the heart of Bahrain's capital Manama, at the upcoming Gulf Property Show. A leading industry event for the Northern Gulf region, Gulf Property Show is bein...
March 26th, 2019 | 0 commentsInstitutional and high net worth individual (HNWI) investors from the Middle East region will be among the focus group of overseas investors for the $450 million new alternate investment fund (AIF) to be launched by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), the fund’s chief executive officer said. In an exclusive int...
March 18th, 2019 | 0 commentsGFH Group plans to invest around $500 million during the full-year 2019, the chairman said. Such transactions could take place through acquisitions or divestment, Jassim Alseddiqi told local newspaper Al Khaleej. He added that the acquisitions will be self-financed or financed through investors, in addition to banks. Alseddiqi pointed out...
March 11th, 2019 | 0 commentsViva Bahrain and Etisalat have signed a partnership to utilise Etisalat’s state-of-the-art SmartHub to establish global connectivity that will further expand Viva’s reach globally. Mohammed Al Khushail, acting CEO of Viva Bahrain, and Ali Amiri, Etisalat Group chief carrier & wholesale officer, signed the agreement at the Capacity Mid...
March 5th, 2019 | 0 commentsBatelco, the leading provider of digital solutions in the Kingdom announced that it has signed an agreement with Interxion Holding NV, a leading European provider of carrier and cloud-neutral colocation data centre services, to deploy a new point of presence (POP) in Marseille, France. The agreement is expected to expand Batelco’s presenc...
February 26th, 2019 | 0 commentsBahrain-based Dilmunia Mall Development Company said work is in full swing at its BD52 million ($137 million) family-centric retail destination, Mall of Dilmunia which is coming up over a 26,754-sq-m area in the heart of Dilmunia Island, within the Muharraq Governorate of the kingdom. A first-of-its-kind retail destination in the kingdom,...
February 11th, 2019 | 0 commentsBahraini bank Arcapita on Sunday revealed a 50% year-on-year surge in net income for the full fiscal year of 2018, exceeding $12 million, the firm’s CEO said. From January to December 2018, the shariah-compliant investor implemented four transactions with a total value of $400 million, Atif Ahmed Abdulmalik told Arabian Business in an int...
February 6th, 2019 | 0 commentsInvestcorp, a leading provider and manager of alternative investment products, achieved an increase of 5% in net income for the first six months ended on 31 December 2018 when compared to the same period in 2017. Net earnings of the Bahrain-based private equity firm totalled $58 million in the first half that ended on 31 December 2018 fro...
January 28th, 2019 | 0 commentsAl Dur Power & Water Company, the largest power generation and water desalination firm in Bahrain, has announced the successful closure of a $1.3 billion refinancing facility provided by a syndicate of 20 local, regional and international banks. Banks participating in the transaction include: Ahli United Bank, Al Rajhi Bank, Arab Ban...
