Friday 27 February 2015
 
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Posco to sell stake in construction unit to Saudi fund

South Korean steelmaker Posco has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported. Posc

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Saudi builder Khodari wins $170m deal from Ma'aden unit

Saudi Arabian builder Abdullah Abdul Mohsin Al-Khodari and Sons said on Thursday it had been awarded a $170 million contract from a unit of Saudi Arabian Mining Co (Ma'aden). The contract with Ma'aden Waad Al Shamal Phosph

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Kuwait restarts crude unit at Mina Ahmadi refinery

Kuwait has restarted a 122,000 barrels per day (bpd) crude unit at the Mina Al Ahmadi refinery last week after a two-week shutdown for maintenance work, a spokesman of state-run oil refiner Kuwait National Petrol

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Lixil unveils new global operating model

Tokyo-based Lixil Corporation has launched a new global operating model with four core technology business units to further globalise its business. The most notable change from this new model will be the creation of Lixil Water Te

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Sustainable energy unit for Bahrain to be set up

Bahrain’s Electricity and Water Authority and the United Nations Development Programme (UNDP) have come together to establish the Bahrain Unit for Sustainable Energy. Minister of State for Electricity and Water Affairs Dr Ab

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RCSI Bahrain to continue operating mobile diabetes unit

Royal College of Surgeons in Ireland (RCSI) has signed a deal with the Bahrain Diabetes Society to allow the continued operation of the Paediatric Mobile Diabetes Unit in the kingdom. It was signed between Sheikh Mohammed bin Abdu

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Tamkeen to launch new fraud prevention unit

A new fraud prevention department for Tamkeen will be launched next month in a bid to safeguard its multimillion dinar budget. The semi-autonomous labour fund, which opened its newest office in Enma Mall, Riffa yesterday (August 1

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GE unveils IPO plan to raise $3.1bn

The success of General Electric's (GE) impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led US economic recover

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Abu Dhabi permits only one family per residence

Abu Dhabi’s Municipality has warranted that only a single family can reside within each licensed residential unit in the capital, said a report.   Residents, however, find it more difficult to afford the st

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Projects worth $651m on the way in Bahrain

Tenders worth $651 million to build housing units in Hidd and Northern City, two 400KW main power transmission stations and education infrastructure projects will be awarded this month.   HRH the Crown Prince sai

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