Sunday 19 August 2018

Bahrain's Cityview construction completed

Bahrain-based Cityview Real Estate Development Company said it has completed the company’s Cityview residential tower located in the Seef District. The project, which had been put on hold in 2011, was completed with the help of one of its key shareholders, Ithmaar Bank, whi


Nakheel posts $683m net profit in H1

Nakheel, a leading global developer, said it has registered a net profit of Dh2.51 billion ($683 million) for the first six months of the year compared to Dh2.61 billion ($710 million) for the same period in 2017.   Announcing the H1 results, Nakheel pointed out that the com


KNCC launches rebranded Cinescape

Kuwait National Cinema Company (KNCC), a leading entertainment company in Kuwait, is rolling out its rebranded Cinescape across all its locations. Coinciding with the rebrand roll-out, KNCC is opening a new multiplex at Al Kout Mall, which was revealed during an inauguration cere


Gulf Hotels Group unveils first UAE property

Gulf Hotels Group (GHG), Bahrain’s leading home-grown hospitality provider, has announced the soft opening of its first UAE property - The Gulf Court Hotel Business Bay. The opening is the first phase of GHG’s expansion plan across the region.   The


Emaar Properties' H1 revenue surges 46pc to $3.12bn

Leading property developer Emaar has registered a revenue of Dh11.47 billion ($3.12 billion) for the first half of the year, up 46 per cent compared to Dh7.86 billion ($2.14 billion) last year led by strong construction progress and growth in its malls business. Announcing the re


Agility receives 26 new Merc-Benz Actros trucks

Al Haddad Motors, the sole authorised general distributor of Mercedes-Benz in Bahrain, said it has officially handed over 26 new Mercedes-Benz Actros trucks to Agility, a leading global logistics provider in the region. A number of representatives from both Agility and Al Haddad


Arabtec unit wins $42m Dubai sewerage contract

Arabtec, a leading construction company in the region, said one of its subsidiaries has secured a Dh155-million ($42 million) sewerage infrastructure contract from Dubai Municipality. As per the deal, Arabtec Engineering Services (AES) will complete variation to its DS189 sewerag


Shaker cuts inventory by 20pc to $159m in Q2

Shaker Group, a leader in the air-conditioners market in Saudi Arabia, said its inventory dropped to SR598 million ($159 million) in the second quarter (Q2) of the year, a 19.6 per cent year-on-year drop due to its efficiency programme. The reduction was driven by a conservative


Bahrain's key housing project set for 2018 completion

Nearly 64 per cent of the work has been completed at the 227-unit government housing project located in the Al Buhair region of Bahrain, reported BNA, citing the kingdom's housing minister. The entire construction of the 310,000-sq-m residential development will be o


Qatar plan to build LED factory ‘on track’

Qatar’s plan to establish a light emitting diode (LED) manufacturing facility in collaboration with a South Korean consortium remains on track, said a report, citing a top official at the South Korean embassy in Doha. A South Korean consortium comprising some 11 small and m

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