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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
 
 
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