Tuesday 3 March 2015
 
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SFZ signs $38m infrastructure development deal with L&T

The Salalah Free Zone (SFZ) has signed an infrastructure and facilities development deal for RO15 million ($38.8 million) with Larsen and Turbo Oman (L&T Oman), according to a report. The project is aimed at developing basic s

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Fighting rages in run-up to Ukraine ceasefire

Ukraine and Russian-backed rebels fought fiercely for control of a strategic railway junction on Friday despite a new peace deal brokered by Germany and France. A ceasefire is due to come into effect from Sunday under the agreemen

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Bahrain Polytechnic signs training deal

Bahrain Polytechnic has signed a memorandum of understanding with Ebtikar Association to develop student projects and hold training programmes. The agreement was signed by Polytechnic acting chief executive Dr Mohamed Al Aseeri an

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Al Baraka bank deal boost for Tamkeen

A new partnership agreement with Al Baraka Islamic Bank has enabled Bahrain’s labour fund Tamkeen to add BD10 million ($26.3 million) to its allocated enterprise finance portfolio, increasing the total value to BD332.5 million.

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Gulf Air extends benefits deal with Batelco

Bahrain’s national carrier Gulf Air and Bahrain Telecommunication Company (Batelco) have extended their partnership agreement to enhance benefits for Batelco's Al Dana customers. Members of Batelco Al Dana Club, who hold Gulf

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Gulf Air extends benefits deal with Batelco

Bahrain’s national carrier Gulf Air and Bahrain Telecommunication Company (Batelco) have extended their partnership agreement to enhance benefits for Batelco's Al Dana customers. Members of Batelco Al Dana Club, who hold Gulf

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Egypt working on $9.2bn oil and gas exploration deals

Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for the energy ministry told Reuters. S

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RBS to exit corporate debt, DCM business in MEA

Royal Bank of Scotland (RBS) plans to sell or close its corporate debt and debt capital markets business in the Middle East and Africa, the latest pullback by the state-controlled lender from emerging markets to focus on its domestic business.

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Johnson Controls, Hitachi to form HVAC venture

Johnson Controls, Hitachi and Hitachi Appliances have entered into a definitive deal for their global HVAC joint venture at the ongoing World Economic Forum in Davos, Switzerland. The new joint venture will allow both companies to

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Ithmaar, Eskan in deal to finance development in Bahrain

Ithmaar Bank has signed a financing agreement with Eskan Bank for a mixed-use development in Isa Town, Bahrain. The 'micro-city' project being developed by Eskan Bank comprises 15 six-storey buildings featuring 316 ap

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