Thursday 29 September 2016
 
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venture

Qatar Airways, IAG announce new JV agreement

Qatar Airways and British Airways’ parent company, International Airlines Group (IAG), have announced a joint business agreement that will come into effect on October 30, 2016. The joint business will benefit customers by of

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Iran, S Korea to discuss joint fish farming venture

Iran is set to hold talks with South Korea on boosting cooperation in the fisheries sector and plans for a joint fish farming venture, said a report. The talks will be held in Iran later this week and will involve officials from S

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Tata Steel in EU venture talks with Thyssenkrupp

Tata Steel has entered into talks with companies including Germany’s Thyssenkrupp AG on a possible joint venture in Europe, after reviewing bids on the UK assets that the Indian steelmaker had planned to sell. Talks are prel

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OAK Utility enters into key technology JV in Saudi

A strategic joint venture has been agreed between Bahrain-based solutions provider, OAK Utility Solutions and Development, and Haka Group in Saudi Arabia.     The exclusive agreement is to lunch the new and

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OAK Utility enters into key technology JV in Saudi

A strategic joint venture has been agreed between Bahrain-based solutions provider, OAK Utility Solutions and Development, and Haka Group in Saudi Arabia.     The exclusive agreement is to lunch the new and

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Bahraini banks acquire key US real estate portfolio

A consortium of Bahrain-based lenders Venture Capital Bank (VC Bank) and Seera Investment Bank has acquired a major real estate portfolio consisting of two multifamily residential assets in Atlanta (US) comprising 866 units.  

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VCBank announces 9.06pc dividends to shareholders

Bahrain-based Venture Capital Bank (VCBank) has announced dividends to its shareholders totalling 9.06 per cent for last year. In a statement, the bank said the dividends comprise effectively 2.52 per cent in cash and 6.54 per cent in bonus sh

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Qatar Petroleum, Qatar Electricity plan solar power venture

State-owned oil and gas producer Qatar Petroleum and utility Qatar Electricity and Water Company (QEWC) said they had agreed to establish a $500 million venture to generate electricity from solar power.   A memor

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Qatar Petroleum, Qatar Electricity plan solar power venture

State-owned oil and gas producer Qatar Petroleum and utility Qatar Electricity and Water Company (QEWC) said they had agreed to establish a $500 million venture to generate electricity from solar power.   A memor

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$100m Bahraini fund for first cloud accelerator in Mena

A $100 million allied venture capital fund based in Bahrain will work as the first cloud technology accelerator in the Middle East and Africa (Mena) region, it has emerged. Known as the Gulf Technology Corporation, the fund will be managed by

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