Saturday 2 July 2016
 
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venture

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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Mubadala forms JV with Trafigura to invest in base metals

Mubadala Development Company, an Abu Dhabi-based investment and development company, and Trafigura Group, a leader in the global commodities industry, have created a 50/50 joint-venture company to invest in the base metals mining sector.

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ABG, Venture Capital top key Islamic banks list

Bahrain’s Al Baraka Banking Group (ABG) and Venture Capital Bank lead the GCC Islamic Financial Disclosure Index Rankings, it has emerged.    The conveners of the 22nd annual World Islamic Banking Conf

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Fortress Capital, Film Clinic set up joint venture firm

Fortress Capital Investments, a leading investment firm operating in the Middle East, has collaborated with Film Clinic, a key production company in the Middle East and North Africa (Mena) region, to set up a joint venture company.

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