Friday 29 March 2024
 
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Iran allocates $6bn for petchem projects

Iran's National Development Fund has allocated $6 billion for petrochemical and refinery projects, according to a report.   "Financing of projects from the fund will be expedited after SWIFT is back,&quo

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Iran allocates $6bn for petchem projects

Iran's National Development Fund has allocated $6 billion for petrochemical and refinery projects, according to a report.   "Financing of projects from the fund will be expedited after SWIFT is back,&quo

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Mumtalakat allocates profits to pay off $1.4bn debt

Bahrain Mumtalakat Holding Company has allocated part of its profits to pay off debts which reached BD560 million ($1.4 billion) until December last year, it said in a statement. In reply to MPs, the company said no funds have bee

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$172m allocated for infrastructure in Bahrain

More than BD65 million ($172.3 million) has been allocated for spending on Bahrain's infrastructure development over the past three months, it was revealed yesterday. Works Minister Essam Khalaf presented the ministry's te

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Tamkeen outlines operational blueprint

Bahrain's labour fund Tamkeen held its first stakeholder meeting with Bahrain-based media outlets to share and discuss its operational plan for 2012 as part of its commitment to transparency and closer stakeholder engagement. During the me

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Saudi plans $385bn infrastructure projects

The Saudi government has allocated a whopping SR1.44 trillion ($385 billion) for various infrastructure and welfare projects under its ninth five-year (2010-14) development plan, said a report. The amount endorsed by the Saudi cabinet is 6

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UAE sets $4.4bn for infrastructure projects

UAE president Sheikh Khalifa bin Zayed Al Nahyan has ordered the allocation of Dh16 billion ($4.4 billion) for infrastructure projects in Northern emirates in a move to boost economic growth and prosperity, the official news agency Wam said.

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