Tuesday 16 September 2014
 
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Bapco signs major plant upgrade contract

A multi-billion-dollar project to raise Bahrain Petroleum Company’s (Bapco) refining capacity by 100,000 barrels per day (bpd) is on track with the signing of the front-end engineering and design (Feed) contract yesterday (September 15).

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Libyan port rebels reject rival parliament, honour oil deal

A group of rebels campaigning for autonomy in eastern Libya rejects the parliament set up by another armed group in Tripoli but will honour a deal to keep major oil ports open, a rebel spokesman said.   Libya&rsq

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Malaysia Airlines to cut 6,000 jobs, $1.9bn restructure

Malaysia Airlines , the country's loss-making flag carrier, will cut 30 per cent of its workforce as part of a sweeping restructuring that will cost six billion ringgit ($1.9 billion), majority investor Khazanah Nasional said.

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Dubai World in deal to extend $10bn debt repayment

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a

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Dubai World in deal to extend $10bn debt repayment

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a

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Gulf Hotels-Kontra in interior renovations deal

Gulf Hotels Group has signed an agreement with Kontra, a division of Mohammed Jalal and Sons, awarding the latter a contract to carry out the interior renovations of the Gulf Executive Residence and the Gulf Hotel's South Wing building.

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Asry signs key desalination project deal

Arab Shipbuilding & Repair Yard Company (Asry), a leading ship and rig repair yard based in Bahrain, has agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant.

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WSP wins key Oman airport facilities contracts

UK-based consultant WSP has been appointed by international contractor J&P Overseas and Oman’s Ministry of Transport and Communication to work on two major airport facilities in Oman. The projects include the maintenance and c

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GFH to list $200m sukuk on Nasdaq Dubai

Bahrain-based Gulf Finance House (GFH) has signed a memorandum of understanding with Nasdaq Dubai to list a new sukuk of $200 million. In a filing to the Bahrain Bourse, GFH said it plans to use the proceeds from the sukuk to repay curr

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Riyadat in support deal with consultancy

Riyadat, a joint venture between Bahrain Development Bank (BDB) and the Supreme Council for Women, has signed a memorandum of understanding with Empower Business Solutions and Consultancy. Riyadat operates a business incubator centre in

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