Thursday 10 July 2014
 
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Saudi bank completes $533m sukuk

Saudi Investment Bank (Saib) has completed a SR2 billion ($533.3 million) capital-boosting sukuk issue, it said yesterday, the latest lender in the kingdom to offer such an instrument to enhance its reserves.   T

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Dubai Truck Market to be completed in August

Dubai Municipality’s General Projects Department said about 92 per cent of the work on the Dubai Truck Market has been completed, according to a report.   The Dh72.2 million project is expected to be comple

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Bahrain's 4-year development plan on track

A four-year development plan launched in 2011 will be more than 80 per cent completed by the end of this year, according to a senior government official. Minister of State for Implementation Mohammed Al Mutawa told a press confere

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Lusail tenants start moving in

The tenants of Qatar's new city of Lusail have started moving in following the completion of its infrastructure the developers said in a report. The town will be fully ready at the end of this year, said the Emirates 24/7 repo

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1000-metre tall tower to be ready in mid-2017

The world’s tallest tower to be built in Jeddah, the Kingdom Tower, will be completed by the middle of 2017, said Kingdom Holding Company (KHC). The skyscraper, which will stand tall at 1,000 metres, is the centerpiece and the first constr

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Bahrain park work completed

The Bahrain Ministry of Works said it has completed the construction works at the new entrance to Prince Khalifa bin Salman Park - Avenue 16, which links block 111 in Hidd area to the park. The Ministry commenced work on this urgent projec

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Tenesol reaches solar installation milestone

Tenesol, a leading global solar power provider, said it has reached a major milestone with the delivery of its 750th off-grid solar system to the oil and gas industry in the Middle East. The company is into engineering, designing, man

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Tenesol reaches solar installation milestone

Tenesol, a leading global solar power provider, said it has reached a major milestone with the delivery of its 750th off-grid solar system to the oil and gas industry in the Middle East. The company is into engineering, designing, man

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Swicorp completes key ME asset sale

Swicorp, a leading private equity firm focusing on the Mena region and Turkey, has announced the successful sale of the sole asset held by Middle East Jackup Company (Meju). Joussour Holding Company, the private equity investment vehicle i

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Elaf completes Malaysia funding facility

Bahrain's Elaf Bank said it has concluded an funding facility for Malaysian company Serba Dinamik to help finance a five-year contract awarded by Petronas Carigali. Serba is a major provider of integrated and specialised engineering a

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