Health

GE Security is setting up Mideast hub in Bahrain

Tamkeen and GE Security have signed a contract to support the set-up of GE Security's Middle Eastern hub in Bahrain and to establish a training university. The deal is expected to provide employment for 25 Bahrainis by 2012. The project is part of Tamkeen's efforts to support the Economic Development Board (EDB) strategy aimed at attracting foreign direct investors to Bahrain and creating value added jobs in the country. The agreement will enable GE Security to further develop its presence and continue its strategy of localization and knowledge transfer in the region. Tamkeen will provide financial support to GE Security to train and employ Bahrainis in business management and high-value technical jobs in fire detection, access control, video surveillance and integrated security systems and other areas.

Saudis confirm Liverpool link

Saudi Arabian sports investment company F6 confirmed that it will work with Liverpool to establish a number of football academies in the region. The group's chairman Prince Faisal bin Fahad bin Abdulla Al Saud, meanwhile, reiterated his desire to buy a stake in the club. The agreement reached with Liverpool co-owner George Gillett will set up two academies in Saudi Arabia and two in North Africa. It will also extend the interests of the American's NASCAR franchise Richard Petty Motorsports. "The memorandum of understanding with George Gillett group will establish an exclusive partnership between F6 group, Liverpool FC and Richard Petty Motorsports team," said a statement released by the company.