Monday 3 August 2015
 
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Ibdar earns 15pc returns on construction project sale

Ibdar Bank, a Bahrain-based Islamic wholesale investment bank, has earned returns of 15.95 per cent from the sale of a $30 million construction project, it announced yesterday. The bank said its exit from Sakan Development Company

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Samsung wins $2.46bn Qatar power plant deal

Samsung C&T Corp, South Korea's No 1 builder, has won a 2.87 trillion won ($2.46 billion) contract to build a power plant in Qatar, a report said. The contract calls for the construction of a combined thermal power plant w

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Samsung wins $2.46bn Qatar power plant deal

Samsung C&T Corp, South Korea's Number One builder, has won a 2.87-trillion won ($2.46 billion) contract to build a power plant in Qatar, a report said. The contract calls for the construction of a combined thermal power p

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Marriott launches 'Project Canvas' in the Mideast

Hospitality group Marriott International is looking to nurture local entrepreneurship as well as support the creation of home-grown concepts with the launch of its international campaign, 'Project Canvas', in the Middle East.

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Sitra fishermen facing eviction for major housing project

Scores of Sitra fishermen have been ordered to relocate to make way for a major new government housing project. The fishermen, who currently occupy the Sefala area of Sitra island, have complained that there is not enough space at

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DRA wins Ma'aden Gold deal for Ad Duwayhi mine

Engineering group DRA has won a contract with Saudi Arabia's mining group Ma'aden Gold and Base Metals (MGBM) for the Ad Duwayhi gold mine, according to a report. The mining project, located 450km southwest of Riyadh, will

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MHI wins order for 80 centrifugal chillers in Saudi

Mitsubishi Heavy Industries (MHI), a leading centrifugal chiller manufacturer in Japan, has won an order for 80 units of its large-scale centrifugal chillers for the district cooling plant of the urban development project in Madinah, Saudi Arabi

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Amlak invites bids for Bahrain Marina project

Amlak, a Bahrain real estate company, has invited bids for the demolition of an existing facility to pave way for the reconstruction of its Bahrain Marina Development Project. Adopting modern urban design, the new project in Manama will

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R Hotels awards contracts for Palm Jumeirah resort

R Hotels, the hospitality management division of UAE-based R Holding, said it has awarded key construction and project consultancy contracts for the second phase of its new resort and spa in Palm Jumeirah, Dubai. The company has r

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R Hotels awards contracts for Palm Jumeirah resort

R Hotels, the hospitality management division of UAE-based R Holding, said it has awarded key construction and project consultancy contracts for the second phase of its new resort and spa in Palm Jumeirah, Dubai. The company has r

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