BEML Limited (formerly Bharat Earth Movers Limited), a manufacturer of metro rolling stock in India, has entered into a memorandum of understanding (MoU) with a Special Purpose Vehicle (SPV) led by the Delhi Metro Rail Corporation (DMRC), which was shortlisted to build the Bahrain Metro Rail Project phase-1. In the context of the MoU, the […]
Indian beauty and lifestyle retailer Nykaa has entered into a partnership with Middle East’s Apparel Group to build distinctive Gulf Cooperation Council (GCC) focused beauty offerings in the UAE, Qatar, Kuwait, Oman, Saudi Arabia, and Bahrain. Founded in 2012 by Falguni Nayar, Nykaa is said to have disrupted the Indian beauty market with its expertise […]
Aluminium Bahrain (Alba), a Bahraini aluminium smelter, has awarded a full turnkey contract to a consortium of Mitsubishi Power and SEPCO III for expanding Power Station 5. The existing power plant at the Alba aluminium smelter will see the addition of a new 680.9MW combined cycle gas turbine power block. As per the terms of […]
Tata Communications and its exclusive cable landing partner in Bahrain – Bahrain Internet Exchange (BIX), have extended their partnership to provide high speed internet connectivity with very low latency in Bahrain. According to the company, its TGN-Gulf cable system, which is equipped with OTU-4 (Optical Transport Unit), will give a strong, consistent, and manageable data […]
Petrofac said that its engineering and production services unit (EPS) has bagged a multi-million dollar engineering, procurement, construction, and commissioning (EPCC) contract from Tatweer Petroleum for an upstream gas project in Bahrain. As per the contract terms, Petrofac will be responsible for well hook-ups, associated pipelines, and tie-ins for various new gas wells that Tatweer […]
German cybersecurity company Avira has agreed to be acquired by Investcorp Technology Partners IV owned by Bahrain-based alternative investment manager Investcorp for an undisclosed price. Avira said that the acquisition marks the first institutional investment in the company since it was established by Tjark Auerbach in 1986. The German cybersecurity company provides cybersecurity software solutions […]
Danish dairy company Arla Foods has opened a cheese production plant in Manama, Bahrain to address the growing demands for dairy in the Middle East and North Africa (MENA) region, according to the latest dairy industry news. Arla Foods will invest nearly €50 million ($55 million) in the cheese production factory in the next two […]