Thursday 11 February 2016

$49m revamp for Corniche planned in Bahrain

The King Faisal Corniche in Manama, Bahrain is set for a major BD19 million ($49.7 million) facelift. Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa will lay the foundation stone for the project, said a report in the Gulf


UAE foundation to set up R&D facility in Manipal

The Faizal and Shabana Foundation, a part of UAE-based KEF Holdings, has signed a deal with Manipal University to invest Dh3 million ($816,662) towards a research and development facility. The facility will focus on precast concre


Faisal picks ITS technology solution

Faisal Islamic Bank, a leading bank in Egypt, signed an agreement with ITS (International Turnkey Systems) Group towards deploying its Ethix-Financial Solutions, a leading banking technology solution from ITS. “The deployment comes as a pa


Qatar's Faisal Group plans $285m IPO

Qatar's Faisal Holdings plans to raise 1.04 billion riyals ($284.5 million) selling 30 percent of Aamal, a holding company it is setting up, in an initial public offering, a report said. Aamal, which will operate in 17 industries, will hav

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