Sunday 29 March 2020

Bahrain Car Parks Company approves cash dividend

Bahrain Car Parks Company, a publicly-listed company on the Bahrain Bourse, held its Annual General Meeting today (March 25) and endorsed the recommendation of the Board of Directors to distribute a cash dividend of 5%, equivalent to BD546,513 ($1,444,644) at 5 fils per share. 


International Code Council names Mideast director

The International Code Council (ICC) has announced the appointment of Mohamed Ahmed Amer as the new regional director of operations for the Middle East region.    Amer will run the Code Council's new Dubai office and provide essential on-the-ground supp


Liebherr Container Cranes to supply 8 RTG cranes to DP World

Liebherr Container Cranes and DP World Berbera have signed a contract for the supply of eight RTGs for DP World’s terminal in Berbera, Somaliland.    The cranes are due to be ready for operation before the end of 2020.  


Radisson to launch its first beach resort in Dubai

Leading hospitality group Radisson Hotel has joined hands with Silver Beach Hotel, subsidiary of Bhatia Holdings, to launch its first beach resort in Dubai - Radisson Resort Dubai Palm Jumeirah. With this launch, Radisson's portfolio in the UAE has risen to 23 hotels in opera


Petrofac wins $40m Sharjah gas storage project contract

Sharjah National Oil Corporation (SNOC) has awarded a $40-million contract to a unit of British oilfield services firm Petrofac for development of the Moveyeid Gas Storage Surface Facility in the emirate.   As per the deal, Petrofac Facilities Management Interna


Dubai Marina, Downtown Dubai 'emerge property hotspots'

Dubai Marina and Downtown Dubai are the most popular areas within the emirate in site searches, sales and rental, stated Property Finder, a leading property portal, in its New Market Demand Data.   After the Marina and Downtown, buyers searching via Property Fin


Misr Italia to deliver 500 new residential units in Egypt

Misr Italia Properties, a leading real estate developer in Egypt, is planning to deliver 500 units this year within its five major projects spread across the country, reported Daily News Egypt.   Four of these projects - La Nuova Vista, Garden 8 Mall, C


Thyssenkrupp to cut 3,000 jobs in steel deal

German elevator maker Thyssenkrupp said it will cut up to 3,000 jobs by 2026 as part of a steel agreement reached with IG Metall, the leading metalworkers' union in Germany. Thyssenkrupp and IG Metall agreed firstly on an immediate "Corona crisis package” to deal w


BBK to distribute $135m cash dividends for 2019

Bahrain-based BBK, a leading bank in the region, has announced that its ordinary general assembly has approved the board of directors’ recommendation to distribute BD51.4 million ($135.3 million) as cash dividends for the year 2019. At 40 fils per share, this is equivalent


Bahrain's Edamah announces rent deferrals for April, May

Edamah, the real estate investment arm of Bahrain's sovereign wealth fund, said it will be deferring rent payments for its retail, food and beverage (F&B) and commercial portfolio for April and May in view of the new Coronavirus (Covid -19) situation. In line with its eff

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