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Ebrahim K. Kanoo purchases set of plots at Investment Gateway -Bahrain
Manara Developments Company announced that Ebrahim Khalil Kanoo BSC (C), the exclusive distributor of Toyota & Lexus vehicles in the Kingdom of Bahrain, has purchased a set of plots from the "Investment Gateway - Bahrain" project in the Muharraq ...
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Redtag plans further expansion in Bahrain
Dubai-based value fashion chain Redtag Group has said it plans to boost its presence in Bahrain by opening three more stores in the kingdom over the next few years, Gulf Daily News has reported. "We now have nine outlets in the kingdom and 109 in the GCC region and business has been stable over the last few years, despite the slowdown," Redtag country manager Samir Motegheria said. ...
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Bahrains GPZ in deal with 1800 workers to end strike
Bahraini labour ministry has said around 1,800 workers at G P Zachariades (GPZ) contracting firm who went on strike last week, claiming they hadn't been paid for the past two months, have returned to work, Gulf Daily News has reported. "There was an agreement that the company would pay one and a half months salary and the balance would be paid in a couple of days," said the ...
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Bahrain’s mortgage market weathers recession while other industries struggle
Bahrain’s sound fiscal health, as well as prudent investment decisions by industry leaders has created a situation in which the country is in a fairly strong position compared to other GCC states, especially with regards to the mortgage market, but it’s not all good news.
Bahrain’s mortgage market has achieved significant growth despite a challenging market and is now worth $1.4 billion dollars, making Bahrain one of the strongest countries in terms of realty in the GCC (Gulf Cooperation Council). There are a number of reasons for this. Read more
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