Business & Management

Nass defies market conditions to post Q1 profit growth

Nass_CorpBahraini construction firm Nass Corporation has announced a net profit of BHD 1.938 million (US$5.1 million) for the first quarter of 2012, representing a slight rise from the BHD 1.827 million (US$4.8 million) posted for the same period in 2011

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GDF Suez sells stake in Bahrain power plant

GDF_Suez_BahrainGDF SUEZ and International Power have completed the sale of Bahrain's Hidd Power Company (HPC) to Malakoff International Ltd for US$113.4 million

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Accenture to assist SEC restructuring scheme

SEC-power-gridSaudi Electricity Company (SEC) has appointed Accenture to help the state-owned utility company manage its restructuring programme, which it is has said will lead to a more competitive electricity market in Saudi Arabia

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Project Qatar attracting international attention

Project_Qatar_2012Project Qatar 2012, now in its ninth year was opened with much fanfare by Qatar’s minister of municipality and urban planning, as the dedicated construction trade show looks to become a gateway for businesses entering the Qatari market

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Saudi Telecom posts strong Q1 results

Saudi_Telecom_Q1Saudi Telecom Group (STC) made a strong start this year posting impressive Q1 results with net profit jumping 60 per cent, from US$419mn in Q1 2011 to US$672mn in Q1 2012

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