Friday 29 May 2015
 
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Saudi-Kuwait joint Wafra oilfield to remain shut: Chevron

A jointly-operated onshore oilfield between Saudi Arabia and Kuwait will remain shut until difficulties to operate are resolved, a spokeswoman for US oil major Chevron said.   “Current difficulties in secur

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Modern Exchange Co eyes major push in Bahrain

Bahrain's liberal economy and potential clientele base have attracted Modern Exchange Company (MEC) to enter the kingdom's market. The firm, a new joint venture between Al Mulla International Exchange Company (AMIEC) based

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Tamkeen, BDB add $52m to joint finance portfolio

A new agreement between Bahrain’s labour fund Tamkeen and Bahrain Development Bank (BDB) has added BD20 million ($52.7 million) to their joint enterprise finance portfolio, taking the scheme's corpus to BD170 million. Th

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Egyptian warships arrive in Bahrain for joint drill

Egyptian warships and fighter aircraft arrived in Bahrain yesterday (April 21), to take part in the joint military exercise 'Hamad 1'. The drill, which engages Egyptian armed forces, reflects historic relations between the

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Bahrain backs Egypt’s call to strengthen joint security

Bahrain has backed Egypt in its call to strengthen joint military co-operation in order to protect the security and stability of Arab countries. “We agree with Egypt and support its call amid mounting challenges, dangerous t

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Etisalat, Huawei to develop new M2M, IoT framework

Etisalat Group, a leading telecommunication and ICT solutions provider in the Middle East, Asia and Africa, and Huawei, a leading global ICT solutions provider, are set to develop a new collaboration framework for machine-to-machine (M2M) commun

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Joint Bahrain-Saudi bid to host Olympics rejected

Plans for a joint Bahrain-Saudi Arabia bid to host a future Olympic Games have been rejected outright by the International Olympic Committee (IOC). It comes after Saudi Arabian General Organisation for Youth and Sports presidentia

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Joint Bahrain-Saudi bid to host Olympics rejected

Plans for a joint Bahrain-Saudi Arabia bid to host a future Olympic Games have been rejected outright by the International Olympic Committee (IOC). It comes after Saudi Arabian General Organisation for Youth and Sports presidentia

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Johnson Controls, Hitachi to form HVAC venture

Johnson Controls, Hitachi and Hitachi Appliances have entered into a definitive deal for their global HVAC joint venture at the ongoing World Economic Forum in Davos, Switzerland. The new joint venture will allow both companies to

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Oman plans $258m dairy joint venture

A joint venture mega dairy project with a capital investment of about RO100 million ($258.8 million) is in the pipeline in Oman, in a move to achieve self-sufficiency in dairy production and food security, a report said. The ventu

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