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MANAMA: A new $9.5 million superyacht being showcased by UAE-based boatmaker Gulf Craft at the Amwaj Marina Boat Show that starts today is the flagship of the company's designs on the region's leisure maritime industry.

In an exclusive interview with the GDN, the company's chief executive Erwin ...ReadMore

Cineco shareholders approve 50 per cent cash dividend

MANAMA: The shareholders of Bahrain Cinema Company (Cineco) have approved cash dividend equal to 50 per cent of the paid up capital, which is 50 fils per share.

$150 million investment deals agreed

MANAMA: Investment worth $150 million have been agreed on at the Femmes Chefs d'Entreprises Mondiales (FCEM) 63rd World Business Women's Congress in Bahrain.

Focus on green technology in construction industry...

MANAMA: Cutting edge environmentally friendly technology in construction will be in focus at an upcoming industry show in Bahrain.

Land tax 'won't hurt business'

RIYADH: Dar Al Arkan Real Estate Development Company, one of Saudi Arabia's largest listed property firms, said a planned tax on undeveloped land was unlikely to be applied to its huge land bank or push the kingdom's land prices down sharply.

Importance of saving highlighted

MANAMA: A training session on the "Essentials of Saving and Investment" was organised for Bahrain Businesswomen's Society members by Bahrain Bourse (BHB) in co-operation with Bahrain Institute of Banking and Finance (BIBF).

Amlak in new bid to restart share trading

DUBAI: Dubai's Amlak Finance will hold a shareholder meeting on April 16 to seek their approval for lifting a six-and-a-half year trading suspension on the mortgage lender's shares, according to a bourse filing yesterday.

$15bn debt restructuring approved

DUBAI: State-owned conglomerate Dubai World has been granted approval to end court proceedings relating to its $14.6 billion debt restructuring deal.

Qatar eases Gulf investment limits

DUBAI: Qatar's stock exchange will treat investors from GCC countries as local citizens from today when calculating whether foreign ownership in listed companies has reached permissible limits, the bourse said yesterday.

India raises $18bn in telecom auction

MUMBAI: India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said yesterday.

Kraft-Heinz to merge in Buffett-backed deal

NEW YORK: Heinz and Kraft yesterday said they would merge to create North America's third-largest food and beverage company, in a deal backed by Brazil's 3G Capital and investment guru Warren Buffett.

Greece fails in cash release effort

BRUSSELS: Greece failed in a bid yesterday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform programme within days.

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