Bahrain-based Addax Bank has completed the sale of Tuscany Reserve (Florence Gardens), an award-winning 452-acre golf course community in Naples, Florida.
The move is part of the Bahrain-based bank's policy of concentrating in the GCC
China Sinopec Group's $7.24 billion acquisition of Swiss oil firm Addax Petroleum Corp was approved by the Iraqi government, a local paper quoted a senior Sinopec official as saying on Wednesday.
The remark came in response to a Reuter
International Finance Corporation (IFC), member of the World Bank Group, will make a $14 million investment in Bahrain-based Addax Bank’s associate company First Education Holding (FEH), the bank announced on Monday.
IFC's financing wi
China's Sinopec Group agreed to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) in a move to secure the Swiss oil and gas explorer's high potential oil blocks in West Africa and Iraq's Taq Taq field.
Oil and gas company Addax Petroleum expects to start crude oil exports from its facility in Iraq's largely autonomous Kurdistan region on Sunday, a senior company executive said.
The firm, listed in Toronto and London, expects to get acces
Bahrain Air, the first privately owned national carrier, has signed a commercial joint venture agreement appointing Addax of Bahrain to operate its cargo division effective June 1.
The agreement was signed at Bahrain Air Headquarters by Ib
Bahrain-based Addax Bank, a private equity institution, has acquired Al Maaref School in Dubai through its associate company, First Education Holding (FEH).
FEH is the bank’s education platform, focused on acquiring and managing schools fr
Bahrain-based Addax Bank, in partnership with The Fine Art Fund Group, has announced the launch of a $35 million ‘Middle Eastern Fine Art Fund by Addax’.
The fund is launched in parallel with the largest fair for modern and contemporary ar
Bahrain-based Addax Bank was given the go-ahead by Saudi Arabia's Capital Market Authority to set up a subsidiary.
As part of its expansion plan, the bank has obtained an investment banking licence from the Saudi regulator for its SR200 mi