Bahrain's GFH to start delayed $3bn Tunisia project

06:49

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Featured

Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islamic investment bank said on Monday.

The project will be one of the largest private foreign investments in the North African state, which has struggled to revive its economy since the revolution that toppled former President Zine El-Abidine Ben Ali three years ago.

A caretaker government has taken over to run Tunisia until elections later this year, ending months of crisis. But despite political progress, high living costs and a lack of economic opportunities remain the major concerns for many Tunisians.

GFH's project was scheduled to begin in 2009, but financial difficulties at the Islamic bank andTunisia's 2011 uprising froze several large-scale projects.

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Aldar says building 2,300 new homes for Emiratis

06:37

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Featured

Aldar Properties said on Monday that it is building 2,300 homes worth AED5.7 billion ($1.55 billion) for UAE nationals on behalf of the Abu Dhabi Government.

The developer said in a statement that current projects under development include two large projects in Abu Dhabi and one in Al Ain. The projects consist of 1,020 villas on Yas Island and 996 villas in Al Falah and 275 Villas at Al Ghuraibah in Al Ain.

The projects are fully funded by the Government of Abu Dhabi and form part of itscommitment towards raising the quality of living for UAE nationals.

The three developments are slated for completion in 2016, Aldar said.

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Business Setup in Dubai

06:07

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Dubai Business

Dubai has quickly gained a reputation among investors as one of the most business-friendly destinations in the UAE and the Gulf States. Its focus on creating an investment-friendly business atmosphere through attractive and generous tax incentives as well as moves to open the market and promote entrepreneurial innovation has made business start-ups in Dubai the top choice over anywhere else in the world. However, starting a business in the country can be tricky because of the bureaucratic requirements that can be difficult to navigate if you are not familiar with them.

Future Way Business Services LLC is offering the widest and most comprehensive range of company formation and registration services to investors who want to start a business in our country. Our staff members have extensive experience in providing businesses with the services that they need so that they can start operating without delay. Whether you are one of the top corporations in the world or a small and medium-sized operation, we are here to help. Please feel free to get in touch with us so that we can talk about how we can help your business get off to a running start.

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