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Bahrain retail sector experiences growth
MANAMA: Bahrain is continuing to witness growth in development and investment in the retail sector, according to new data released by global real estate consultancy firm CBRE. Total retail stock in the regional and super regional mall category in Bahrain stood at 860,700 sqm of gross leasable area (GLA) in Q1 of 2019. With six projects currently under construction and planned for completion in 2022, the delivery is set to
Provident and pension fund trusts fear big losses
New Delhi: Provident and pension fund trusts, which have invested in the IL&FS bonds, are fearing big losses as the debt-ridden company’s bonds are unsecured debt as the Finance Ministry says superannuated bonds don’t carry any government guarantee and all such instruments face the market risks. The government does not give any guarantee on investments in bonds, as such, and if invested in stock markets they carry the market
'India committed to provide affordable power to citizens'
New Delhi: India is committed to provide power to all citizens at affordable cost as well as boost the national economy through an industrial revolution, President Ram Nath Kovind said on Wednesday. The President spoke after inaugurating the International Conference and Exhibition on Energy and Environment: Challenges and Opportunities. He said that in today’s era of rapid technological advance, energy and environment were
Shaza Hotels announces its expansion in Saudi Arabia
Riyadh: Shaza Hotels, a member of the Global Hotel Alliance, has announced the opening of Shaza Hotel Residences, Riyadh. The property is the first for the brand in Riyadh and its third in KSA. It is also the first extended stay property to open for Shaza Hotels. Inspired by an Andalusian riad, Shaza Hotel Residences, Riyadh is beautifully landscaped to form a peaceful oasis next to the Al Rajhi Grand Mosque, conveniently
Kerala signs up for Rs10b mega data park
TRIVANDRUM: A Rs10 billion mega data park is coming up in the central Kerala town of Cherthala. Hyperscale data platform RackBank Datacenters has inked a deal with the state-owned Infopark to this effect. Founded in 2012, RackBank serves cloud, content and large enterprise customers across India, Europe and the USA and is now constructing hyper-scale data centres (HDCs). The centres will address the business needs of the cloud
Sugar production in India up by 7.73 per cent
New Delhi: Sugar production in the country has increased by 7.73 per cent year-on-year to 21.93 million tonne till Feb.15 but overall output at the end of the season would be lower than the previous year, Indian Sugar Mills Association (ISMA) said on Wednesday. Total sugar production in the country at around 30.7 million tonnes in 2018-19 as against 32.25 million tonnes in 2017-18. In a statement, the ISMA, which represents
Pakistan welcomes economic lifeline from Saudi Arabia
Islamabad: Pakistan hopes to apply oil to its stuttering economy in the form of a $20 billion investment pledged by the Saudi crown prince during his visit to the south Asian nation, where he was received with pomp and ceremony. Mohamed Bin Salman’s entourage, which arrived on Sunday evening and left the following day, also vowed to act as a mediator between Pakistan and India. Tensions between the neighbouring countries shot
81 perish in Bangladesh fire
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No change in policy regarding access to Qatar at UAE ports
ABU DHABI: The UAE Federal Transport Authority - Land & Maritime has s..
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India decides to stop water to Pakistan
BAGHPAT/NEW DELHI: Continuing its tough stance in the wake of Pulwama ..
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UAE Forces participate in Dir’ Al Jazeera exercise in S.Arabia
RIYADH: The UAE Armed Forces are participating in the Dir’ Al Jazeera ..
Added : 6 hours ago
Modi on 2-day visit to S.Korea, unveils Gandhi bust
SEOUL: Prime Minister Narendra Modi on Thursday unveiled a bust of Mah..
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Largest Daesh mass grave yet found outside Raqa
RAQA: Two feet deep, below a plot of farmland outside the Syrian city ..
Added : 7 hours ago
Algeria military plane crash kills two
ALGIERS: An Algerian fighter jet has crashed during an overnight train..
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Breakdancing proposed as new sport by 2024 Olympics
PARIS: Breakdancing has been invited as a new sport by the organisers ..
Added : 8 hours ago
South Africa to bat in second Test against Sri Lanka
PORT ELIZABETH: South Africa, trailing in the series, won the toss and..
Added : 7 hours ago
Japanese spacecraft approaches asteroid 280m km from Earth
TOKYO : A Japanese spacecraft began its approach Thursday toward a dis..
Added : 8 hours ago
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