Monday 19 April 2021

NBB, Eskan launch new housing finance scheme

The National Bank of Bahrain (NBB) has announced a new joint housing finance construction scheme, in collaboration with Eskan Bank, to facilitate the purchase of land and the subsequent construction of homes across the kingdom.   The NBB move comes as part of it


TRSDC awards Coastal Village infrastructure development contract

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, has awarded the contract to design and build infrastructure at its Coastal Village to local firm Contracting and Construction Enterprises (CCE). 


Emaar Properties approves 10pc dividends payment for 2020

Leading Dubai developer Emaar Properties has announced that its board has won approval from shareholders for distribution of 10 per cent dividends for FY 2020.   The announcement came at Emaar's 25th Annual General Meeting (AGM), where its board of directors


Khidmah wins MECHF award for training excellence

Khidmah, one of the region’s leading facilities management and maintenance companies, has won the ‘Excellence in Training’ accolade during the Middle East Cleaning, Hygiene and Facilities (MECHF) Awards 2021 ceremony held recently in Dubai. Khidmah was recognize


Sharjah's mixed-use Soor Kalba building project on track

Work is in full swing on the AED180 million ($29.3 million) Soor Kalba building project being implemented on an area of 79,353-sq-m area in the Suhaila area of Sharjah.    A total of 105 buildings are being constructed as part of the project that will house


Metso Outotec announces key executive appointments

Metso Outotec, a mining engineering company headquartered in Finland, has announced two major appointments - Markku Teräsvasara as the new President (Minerals) and Sami Takaluoma as President (Services) - in its executive team with immediate effect.   


Penspen wins construction contract for 51 Adnoc onshore wells

Penspen has secured a four-year contract from leading engineering, procurement and construction (EPC) organisation, Galfar Engineering & Contracting Emirates, to provide the procurement and construction of flowlines and wellhead installations for 51 wells within Adnoc Onshore’s oilf


ESAG Real Estate partners with National Bank of Fujairah

Easa Saleh Al Gurg Group (ESAG), one of UAE’s leading business conglomerates, said its real estate unit has announced a partnership deal with the National Bank of Fujairah that will provide the tenants at all its properties with the option to pay their rent in monthly direct debit insta


Bracewell plays key role in Marubeni's Saudi solar project win

Bracewell, a leading law and government relations firm primarily serving the energy, finance and technology industries, said it had advised a  consortium of Marubeni Corporation and Aljomaih Energy and Water Company, on the successful financial closing of the Rabigh 300 MW solar photovol


Saudi Binladin International announces major appointments

Binladin International Holding Group (BIHG) has announced the expansion of its executive leadership team with the appointment of Balaji Prasad as the new Group Chief Financial Officer and Roberto Liuzza as the Chief Organisation Excellence Officer.   The parent

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