Saturday 12 July 2014
 
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Bahrain to ease foreign investment curbs

Restrictions on establishing companies in Bahrain will be waived as the government seeks more foreign investment.   The Shura Council has voted in favour of amendments to the companies' law which was proposed

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First Arab IT firm to be established

Leading Gulf investors have joined hands to set up Trust 300, the first global Arab IT company which will have a major presence in the UAE, Morocco, Egypt, Jordan, India, UK, US, and Philippines. The company established by “By La

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DDE sets up ME’s first diamond boiling unit

Dubai Diamond Exchange (DDE) said that the first diamond boiling facility in the Middle East has been set up at the Almas Tower in Dubai in a move to address the growing needs of its member base. Boiling is a process used to remove dirt an

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First sea mining firm comes up in TechnoPark

TechnoPark, the science and technology facilitator of Economic Zones World, said it has signed a land lease agreement with First Sea Mining Factory to set up its unique recycling facility in Dubai. The First Sea Mining Factory, which uses

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Taqa eyes $3.5bn Japan credit, Samurai bonds

Abu Dhabi National Energy Company (Taqa) is establishing a $3.5 billion credit facility in Japan to fund acquisitions and is seeking a credit rating there to sell Samurai bonds, Taqa's chief executive said. About 10 banks, including Bank o

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Bahrain plans $400m Lube oil plant

Bahrain is to establish a BD151 million ($400 million) lube base oil manufacturing plant in joint venture with a Finnish company, it was revealed. Oil and Gas Affairs Minister and chairman of National Oil and Gas Authority (Noga) and Bapco

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GBCorp sets up energy subsidiary

A new $500 million firm has been set up in Bahrain by GBCorp, a top Islamic investment bank, to promote investments in hydrocarbons and energy infrastructure. GBCorp has teamed up with Taylor-DeJongh (TDJ), one of the world’s leading proje

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'Dubai Cares' team to set up schools in Myanmar

An operations team from 'Dubai Cares' left for Myanmar to establish 200 schools that will additionally function as child protection centres in the cyclone ravaged areas. Cyclone Nargis slammed into coastal towns and villages in the rice-g

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