10 TUESDAY, DECEMBER 18, 2018 business

GFH named best investment bank in Middle East joins tech move east, to invest $1 bn in New York campus Mohammed Abdulmalik, the Chief Placement Officer of GFH reciever the award TDT | Manama the awards cover a wide range Google will be doubling the size of its workforce in the city to around 14,000 of financial services categories FH Financial Group (GFH) and are determined through Ghas been named the “Best an online poll held on the Google is seeking to Investment Bank- Middle magazine’s website with par- • East” and the “Best Islamic ticipation from nearly 10,000 expand its headquarters Bank – Bahrain” at the Islamic readers and industry players campus in Mountain Business & Finance Awards - and peers. View, California, even EMEA 2018 held in Dubai. In its 13th year, the annu - as it grows outside Mohammed Abdulmalik, al awards gathered together the Chief Placement Officer more than 200 Islamic bank- Silicon Valley of GFH accepted the awards ers and financiers from across on 6 December on behalf of the Middle East and Africa to AFP | New York the Group. celebrate the industry’s best Among the industry’s and brightest and their accom- oogle became the latest US most prestigious honours, plishments over the past year. Gtech giant to announce a major expansion plan, unveiling a $1 billion investment yester- day to create a new campus that could double its StanChart to take $160 million workforce to 14,000. The move by Google comes charge from private equity sale following Amazon’s announce- ment of new headquarters sites in New York and suburban Washington DC worth some $5 billion, and Apple’s $1 billion A view of Google’s New York office in Chelsea expansion to Texas and other areas. it was buying the and Google Hudson Square, we been outgrowing their home Google parent Alphabet’s Chelsea Market for $2.4 billion, will have the capacity to more bases even with new headquar- chief financial officer Ruth and planned to lease space at than double the number of ters building. Porat said it would lease large Pier 57 on the Hudson river. The Googlers in New York over the Google this month released office buildings in lower Man- company currently employs next 10 years,” Porat said. an updated plan for expanding hattan, which will become the some 7,000 people in New York. She said the company’s “in- its Mountain View, California, centerpiece of a campus of “With these most recent in- vestment in New York is a huge headquarters to create a new People walk inside the main branch of Standard Chartered in Hong Kong, China more than 1.7 million square vestments in Google Chelsea part of our commitment to grow village-type campus with more Reuters | London The bank said it expected to feet (160,000 square meters). and invest in US facilities, offices than 6,000 new homes, some take a restructuring charge of The new campus, which and jobs.” of which would be available to tandard Chartered PLC has about $160 million from the should be operational starting in The new site is a former in- low-income residents. Sagreed terms for the sale sale, but did not disclose the 2020, will be known as Google dustrial area adjacent to the Both Google and Apple han- of its private equity division, terms of the deal. Hudson Square and “will be the With these most recent Greenwich Village and Soho dled their expansion plans ending a more than two-year Reuters previously reported primary location for our New investments in Google districts. quietly, while Amazon asked effort to shed a business the that the main real estate assets York-based Global Business Or- Chelsea and Google The expansion would make for municipalities across bank no longer deemed central in the portfolio were worth ganization,” Porat wrote in a Hudson Square, we will California-based Alphabet one North American for proposals, to its strategy. around $700 million. blog post. have the capacity to of the city’s largest commercial prompting critics to call it a StanChart will sell a major- The assets ICG is buying “New York City continues more than double the tenants, The Wall Street Journal “Hunger Games” contest. ity of the private equity arm’s from StanChart will be directly to be a great source of diverse, number of Googlers in reported. All three companies have investment portfolio to funds managed by Affirma Capital, a world-class talent -- that’s what been struggling to attract work- managed by Intermediate Cap- newly-formed company con- brought Google to the city in New York over next 10 Finding new workers ers with technology skills, and ital Group Plc, the bank said sisting of the former Stand- 2000 and that’s what keeps us years Alphabet, Amazon and Apple that appears to have been a key yesterday, a deal first reported ard Chartered private equity here,” she said. are three of the world’s most factor in the three expansion by Reuters in August. team. Alphabet earlier this year said valuable corporations and have moves.

VIVA Bahrain welcoming STC Group Chairman of the Board HRH Prince Mohammed Khalid Al Faisal and members of Gulf International Bank (GIB) employees during a celebration held at the bank’s Manama headquarters marking the STC Group Board of Directors to celebrate VIVA’s continuous success in Bahrain. The delegates were welcomed by Bahrain National Day. GIB’s Chief Executive Officer, Abdulaziz Abdulrahman Al-Helaissi, extended his congratulations VIVA Bahrain Chairman, Abdulla Al Zimami, VIVA Bahrain CEO Ulaiyan Al Wetaid and members of VIVA Bahrain Board to employees on this auspicious occasion. The celebrations included a breakfast for the employees, and a folk dance of Directors and senior management. HRH Prince Mohammed Khalid Al Faisal inaugurated VIVA Innovation Centre, a reflecting genuine Bahraini culture. Tokens highlighting GIB’s interest in the environment were also distributed among state-of-the-art facility aimed at showcasing the latest innovative technologies in the telecom industry the participants