Friday 30 January 2015

Investcorp to acquire key Spanish company

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity. The acquisition is subject to Spanish competition authorities clearance, said a report in the Gulf Daily News (GDN),


Saudi Arabia to ride high on construction, property growth

A new plan aims to transform Saudi Arabia’s investment landscape by further diversifying the economy, building its knowledge base, creating job opportunities and maintaining the ease of doing business in the kingdom. The Unified Investment Plan was presented by Abdullatif A


Saudi Arabia gears up for mega construction show

Now marking its fifth anniversary, The Big 5 Saudi is expected to showcase the products and services of more than 500 exhibitors, when it opens at the Jeddah Centre for Forums and Events in Saudi Arabia this March. Given the significant increase in the number of exhibitors compar


Lightex opens new showroom in Bahrain

Lightex Bahrain, a major provider of innovative and stylish lighting solutions for commercial and residential projects, has relocated to a new 500-sq m showroom in Amwaj Islands area of the kingdom. Housing over 12 luxury brands including Flos, Molteni, Dada, Vistosi, We-ef and L


Barwa inks Village expansion consultancy deal

Qatar-based Barwa Real Estate said it has signed a strategic agreement with Arab Engineering Bureau to provide consultancy and design services for its Barwa Village expansion project. This is Barwa's second collaboration with the Arab Engineering Bureau after the Motor City project


Biolab to build polymerisation reactor in Saudi Arabia

Biolab Arabia (BLA), a Saudi chemical company based in Jubail Industrial City, is set to construct a 30-tonne polymerisation reactor and a new facility to house raw materials as part of its four-phase expansion plan. The first phase of the expansion plan is expected to cost $25 million


Saudi Arabia to build 965km security barrier on Iraq border

Saudi Arabia is constructing a 965-km high-tech "great wall" - a security barrier consisting of a sand berm and two chainlink fences topped by razor wire - along its border with Iraq to separate itself from the Islamic State (IS), said a report.   The “Northe


CDE Global boosts Middle East-Africa team

Materials washing specialists CDE Global has expanded its team of personnel responsible for the Middle East and Africa (MEA) region, which the company said will allow for greater regional focus within the area. The new appointments include the business development manager for the


The Wave, Muscat awards contract to build 69 villas

The Wave, Muscat, a high-profile oceanfront mixed-use destination, has awarded a RO16.2 million ($42 million) contract to leading developer Al Turki Enterprises for the construction of 99 villas, a report said. "Reehan Residences, is one of our greenest precincts in the mast


Ethiopia to start new rail to Djibouti in early 2016

Ethiopia expects to open a new railway line linking the capital Addis Ababa with the Red Sea state of Djibouti in early 2016, a project at the centre of plans to create new manufacturing industries, the head of the state railways said. The 700-km (450-mile) line is being built at

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