Monday 3 August 2015
 
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Orange builds 49pc stake in Moroccan Meditel

French telecom operator Orange said it had acquired an additional nine per cent stake in Moroccan operator Meditel, raising its total holding to 49 per cent. Meditel, created in 1999, commands a 31 per cent share of the Moroccan m

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Dubai underwater hotel in doubt as investor withdraws

An underwater hotel that had been planned for Dubai has been thrown into doubt after a key investor from the project withdrew, according to a report. The Water Discus Hotel was unveiled three years ago when it received the backing

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Dubai underwater hotel in doubt as investor withdraws

An underwater hotel that had been planned for Dubai has been thrown into doubt after a key investor from the project withdrew, according to a report. The Water Discus Hotel was unveiled three years ago when it received the backing

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Bahrain builds 200 houses in aid for Haiyan survivors

Bahrain is building more than 200 houses in a remote area of the Philippines for families whose lives were torn apart by a deadly typhoon almost two years ago. The Bahrain Red Crescent Society (BRCS) is spearheading the $2 million

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Mitsubishi Electric to build elevator factory in India

Mitsubishi Electric Corporation, a leader in electrical and electronic equipment, is set to build an elevator factory in Bangalore, India. The factory, which will be operational in July next year, aims at strengthening the local c

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$31m Mamee TGU snack food plant to be built in Saudi

Mamee TGU Factory, a joint venture between Mamee-Double Decker Sendirian Berhand and Top Golden Universe (TGU), is set to build an instant noodles and snack foods factory at the Industrial Valley in the King Abdullah Economic City (KAEC) at a co

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$31m Mamee TGU snack food plant to be built in Saudi

Mamee TGU Factory, a joint venture between Mamee-Double Decker Sendirian Berhand and Top Golden Universe (TGU), is set to build an instant noodles and snack foods factory at the Industrial Valley in the King Abdullah Economic City (KAEC) at a co

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$15.7m Muharraq market plan may be shelved

A contract to build a new BD6-million ($15.7 million) central market in Muharraq could be deemed null and void after Bahrain’s Works, Municipalities and Urban Planning Affairs Minister Essam Khalaf referred it to the Legalisation and Legal

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Oil down for 2nd day but sharply off early loss

Oil prices fell for a second day on Thursday (February 19), after the US government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimate

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Qatar plans to build 2nd LNG terminal in Italy

Qatar and Italy are planning to build their second liquified natural gas (LNG) receiving terminal in Italy to enhance capacity, according to a report. The countries are also conducting discussions on many other investment proposal

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