BUSINESS NEWS
Bahrain EDB hosts delegation from Monaco spearheading bilateral investment opportunities
Manama, Bahrain Economic Development Board (Bahrain EDB) is set to host a high-level delegation from the Principality of Monaco, led by Frédéric Genta, the Secretary of Attractiveness, Development and Digital at the Government of Monaco on a two-day v…
Alba achieves First Fire of M701JAC Gas Turbine
Manama, Aluminium Bahrain B.S.C. (Alba) announced a significant milestone towards the commercial operation of its Power Station 5 (PS 5) Block 4 Project with the First Fire of the Mitsubishi Power M701JAC Gas Turbine (GT).
This achievement marks a ke…
ADQ, Oman Investment Authority launch $180 million technology-focused fund to bolster digital economy
Abu Dhabi, ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a US$180 million technology-focused fund, Jasoor Fund (the Fund), with Oman Investment Authority (OIA) represented by ITHCA Group. This commitment is part…
Tamkeen supports employment of Bahrainis at PwC’s Regional Service Centre in Manama
Manama, The Labour Fund, Tamkeen, has announced its support for the establishment of PwC Middle East’s Regional Service Delivery Centre in Bahrain, which will provide advisory and operational services across sectors. This initiative aligns with the go…
PIF and stc Group Sign Definitive Agreements to Form Region’s Largest Telecom Tower Company
Riyadh: The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) announced today the signing of definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. TAW…
Largest Telecommunications Towers Company is a Reality, Alwetaid Said
Riyadh: stc Group CEO Olayan Mohammed Alwetaid said that the largest telecommunications towers company in the region became a reality following PIF’s signing of definitive agreements to acquire a majority stake in Tawal.
Alwetaid, in a statement to t…
JEDCO CEO: Operational Figures at King Abdulaziz Airport Demonstrate Successful Umrah Season Plans
Jeddah: CEO of Jeddah Airports Company (JEDCO) Mazen Johar, has highlighted the implemented measures to facilitate passengers’ procedures during the peak season of Umrah, spanning from Ramadan until the 9th of Shawwal.
Johar highlighted that these me…