Tuesday 3 March 2015
 
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Projects boom in Bahrain as govt eases rules

Investments worth billions of dinars are expected to be pumped into Bahrain as the government works on easing regulations on setting up businesses here. Information Affairs Minister Isa Al Hammadi said urban development in the cou

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Iran approves $5.5bn to fund development projects

Iran has approved a bill to issue 150 trillion rials ($5.5 billion) to fund national development projects, according to a report. The fund will be used to implement oil and gas projects as well as complete semi-finished developmen

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Iran approves $5.5bn to fund development projects

Iran has approved a bill to issue 150 trillion rials ($5.5 billion) to fund national development projects, according to a report. The fund will be used to implement oil and gas projects as well as complete semi-finished developmen

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Mumtalakat 'has no plans to sell assets'

Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said. The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv

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Bahrain road revamp project progressing well

The work is progressing well on the revamp of Sheikh Ahmed bin Salman Avenue which extends from Riffa Avenue in the North to Sheikh Isa Avenue in the South at Block 905 in Riffa. The work involves re-construction and revamping of

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Galfar wins Oman BP power contract

Oman-based Galfar Engineering and Contracting said it has been awarded a $10.05-million construction contract by BP Exploration (Epsilon) for the installation of a 26-km overhead line in the sultanate. The scope of work at Oman Kh

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Galfar wins Oman BP power contract

Oman-based Galfar Engineering and Contracting said it has been awarded a $10.05-million construction contract by BP Exploration (Epsilon) for the installation of a 26-km overhead line in the sultanate. The scope of work at Oman Kh

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Jordan, Israel sign $900m Red Sea-Dead Sea project

Jordan and Israel have signed an agreement to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea. The plant will be built in the sou

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Al Marjan Island project sales double

Al Marjan Island Company, a leading developer in Ras Al Khaimah, UAE, said the sales and investments at its Al Marjan Island (AMI) project doubled in January compared to the same period last year. Located south-west of Ras Al Khai

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Abraj Misr to pump $587m into Egypt 'green' project

Egyptian real estate company Abraj Misr plans to invest E£4.5 billion ($587 million) for the development of The Gate, an eco-friendly project which will come up over a 35,000 sq m area in capital Cairo, said a report. The Ga

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