Wednesday 3 September 2014
 
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Malaysia Airlines to cut 6,000 jobs, $1.9bn restructure

Malaysia Airlines , the country's loss-making flag carrier, will cut 30 per cent of its workforce as part of a sweeping restructuring that will cost six billion ringgit ($1.9 billion), majority investor Khazanah Nasional said.

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Dubai World in deal to extend $10bn debt repayment

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a

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Dubai World in deal to extend $10bn debt repayment

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a

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Gulf Hotels-Kontra in interior renovations deal

Gulf Hotels Group has signed an agreement with Kontra, a division of Mohammed Jalal and Sons, awarding the latter a contract to carry out the interior renovations of the Gulf Executive Residence and the Gulf Hotel's South Wing building.

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Asry signs key desalination project deal

Arab Shipbuilding & Repair Yard Company (Asry), a leading ship and rig repair yard based in Bahrain, has agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant.

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WSP wins key Oman airport facilities contracts

UK-based consultant WSP has been appointed by international contractor J&P Overseas and Oman’s Ministry of Transport and Communication to work on two major airport facilities in Oman. The projects include the maintenance and c

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GFH to list $200m sukuk on Nasdaq Dubai

Bahrain-based Gulf Finance House (GFH) has signed a memorandum of understanding with Nasdaq Dubai to list a new sukuk of $200 million. In a filing to the Bahrain Bourse, GFH said it plans to use the proceeds from the sukuk to repay curr

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Riyadat in support deal with consultancy

Riyadat, a joint venture between Bahrain Development Bank (BDB) and the Supreme Council for Women, has signed a memorandum of understanding with Empower Business Solutions and Consultancy. Riyadat operates a business incubator centre in

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Saudi-Bahrain causeway authority signs $45m deal

The King Fahad Causeway Authority has signed a SR168 million ($44.7 million) contract for the operation, maintenance and complete testing of the causeway that links Bahrain and Saudi Arabia. The contract comprises operation, maint

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AlArab TV signs deal with DurAlpha Group

AlArab TV has announced the signing of a multi-year deal with Riyadh-based media company, DurAlpha Group. AlArab TV seeks to create Saudi’s most innovative news programming channel, said a statement. Fahad Al Sukeit, CEO

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