Sunday 14 February 2016
 
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Holding

Projects Holding appoints new managing director

Projects Holding Company, a leading Bahraini contracting firm which employs over 1,000 people, has appointed Steven Donlon as its new group managing director. Donlon, who is a chartered quantity surveyor with the RICS (Royal Institution of Cha

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Saudi's Kingdom Holding among group investing $247.7m in Lyft

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, said on Thursday it had led a group of investors which bought 5.3 per cent of US ride-hailing firm Lyft for $247.7 million. Lyft, Uber Tec

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Dubai Holding honoured for corporate wellness programme

Dubai Holding, a leading investment holding company, has been recognised at the Daman Corporate Health Awards as the best employer in the UAE with proven record of accomplishment in the health and wellness sphere.   

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KHI sells interest in Fairmont Mount Kenya Safari Club

Kingdom Hotel Investments (KHI), a wholly-owned subsidiary of the Saudi Arabian conglomerate Kingdom Holding Company, has sold its 75 per cent interest in the Fairmont Mount Kenya Safari Club to a private Kenyan company for $18 million, accord

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New ‘Falcon Holding’ to boost Bahrain’s aviation push

Bahrain’s sovereign fund Mumtalakat is looking for acquisition opportunities in the aviation sector, its chief executive has said. Mahmood Al Kooheji also told the Gulf Daily News (GDN), our sister publication, that

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Bahrain publisher and top law firm sign accord

Stratford Holding Group, the publisher of bizbahrain magazine, has announced the signing of an agreement with international 
law firm Charles Russell Speechlys. Under the agreement, the magazine will publish articles offering lega

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Ibdar Bank wins aircraft finance deal award

Ibdar Bank and Dubai-based Palma Holding have won the African Aviation Magazine's aircraft finance deal of the year award. The award was for structuring of a 12-year agreement for acquiring four brand new Bombardier Q400 Next

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Qalaa Q1 net loss narrows, posts 42.5pc revenue surge

Qalaa Holdings, one of Egypt's largest investment firms, has reported a first-quarter net loss after tax and minority interests of 112.2 million Egyptian pounds ($14.71 million) versus a net loss of 231.9 million pounds in the same period la

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Mezzan posts $18m net profit for Q1, up 24pc

Mezzan Holding, a leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf, has reported a net profit of KD5.5 million ($18 million) for the first quarter of the year, up 24.8 per cent as compared to t

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Kingdom Holding 'not interested in Snapchat'

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters on Thursday. Senior management at Snapchat,

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