Wednesday 27 August 2014
 
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Al Raya

New shopping mall in Bahrain to create 300 jobs

A three-storey shopping mall opening soon in Juffair will create up to 300 new jobs. The Al Raya Mall, described as the first high-end shopping centre in Juffair, is set to open within a matter of weeks, said a report in the Gulf

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Tasweek to feature in UK guide

Abu Dhabi-based Tasweek Real Estate Marketing and Development, said its property portfolio and services has been chosen to be featured in the ‘Global Trader Guide to Near & Middle Eastern Markets,’ published in the UK. Global Trader fr

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Major retail firm leases space in Al Raya

Cluttons has secured another letting in Al Raya Building in Seef, with Saleco taking a lease on an office suite on the 6th floor. Saleco is one of the largest retail and distribution companies in Saudi Arabia and has recently expanded its

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Al Raya CEO facing US fraud suit found dead

A brash Kuwaiti financier facing a fraud suit by US authorities was found dead on Sunday in an apparent suicide that sent shockwaves through the Gulf financial sector. A security source told Reuters that Hazem Al-Braikan appeared to have d

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Al-Braikan found dead, likely suicide

Kuwaiti financier Hazem Al-Braikan, who was sued by the US securities regulator last week for allegedly profiting from 'fraudulent' takeover reports, is dead, security sources said on Sunday. A policeman outside Braikan's home

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Kuwait's Al-Raya denies violations in SEC case

Kuwait's Al-Raya Investment Co said it has committed no violations after the US Securities and Exchange Commission sued its CEO financier Hazem Khalid Al-Braikan over suspicious stock trades. "The board of directors of Al-Raya Investment C

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Citigroup to invest $9m in Kuwait's Al Raya

A unit of Citigroup has won approval from Kuwait's ministry of commerce and industry to invest in a new Islamic investment firm, ministry documents showed. Citigroup Global Markets will invest KD2.5 million ($9.16 million) in Al Raya Inves

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