Infracorp launches Harve
Manama, Bahrain – Infracorp, a leading regional investor in sustainable infrastructure and lifestyle projects, is proud to announce the official launch of Harve, a new lifestyle company dedicated to crafting exceptional experiences in the F&B and hospitality sectors.
Harve aims to introduce a fresh and vibrant lifestyle culture to the region, blending culinary innovation with immersive social experiences. Under its umbrella, Harve already houses an impressive portfolio of internationally acclaimed brands including Roka, Avli, Robuchon, Twiggy, and Ninive, with more exciting additions to be announced soon.
In addition to dining and hospitality investments, Harve will expand into the cultural space with the development and operation of its own art gallery—an initiative that highlights the brand's commitment to curating not only experiences, but also creativity and community engagement.
"Harve is not just a lifestyle brand—it's a movement," said Majed Al-Khan, CEO of Infracorp. "We're bringing global standards and world-class experiences to the region, but with a distinct identity that speaks to local culture, creativity, and ambition. Harve will be a platform for discovery, inspiration, and connection."
Harve marks a strategic expansion in Infracorp's lifestyle and entertainment portfolio, aligning with its vision to elevate regional destinations and drive economic growth through innovation and world-class offerings.
About Infracorp:
Infracorp B.S.C., is a company specialised in investing in the infrastructure and sustainability development sector, with a capital of USD 1.2 billion. Infracorp manages a portfolio of nearly USD 3 billion in infrastructure assets, including a 250 million square feet land bank in the GCC, North Africa and South Asia, which is earmarked for sustainable economic and social infrastructure.
Infracorp's sustainability strategy is designed to generate strong long-term returns for investors through proactive management of ESG risks, and by embracing opportunities for value creation in the sustainable investment ecosystem.
The Company focuses on investments in developing communities and investing in logistics and technologies that support sustainability and renewables, as well as social infrastructure assets across the education and healthcare sectors.
For more information about Infracorp, visit www.infracorp.bh
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
a day ago
- Zawya
SIBUR unveils updated sustainability strategy through 2030
MOSCOW, RUSSIA - Media OutReach Newswire - 6 June 2025 - SIBUR, Russia's largest producer of polymers and rubbers, has successfully concluded its five-year sustainability strategy and presented new targets for the next five-year period, 2025–2029. By 2030, the company aims to recycle at least 600,000 tonnes of plastic waste through its own and partner initiatives, including through the expansion of contract manufacturing for processing various types of plastics. In 2024, SIBUR recycled 111,000 tonnes of polymer waste, surpassing its target of 100,000 tonnes per year. Over the next five years, SIBUR plans to increase its annual output of sustainable products – those made with lower greenhouse gas (GHG) emissions or that incorporate recycled or bio-based feedstock – to 400,000 tonnes. For comparison, the company produced 287,000 tonnes of such products in 2024. "Polymers are becoming an essential element in the global energy transition and green economy; their role in reducing emissions and improving energy efficiency is only growing," said Nadezhda Galaktionova, Head of Sustainability and Climate Solutions at SIBUR. "That's why we were the first company in Russia to make increasing revenue from sustainable product sales a specific financial target in our ESG strategy." Another ambitious goal set by SIBUR for 2025–2029 is the development, implementation and scaling of chemical recycling technologies for mixed plastics (thermolysis). This innovative approach aims to significantly improve plastic waste management in Russia. In the next five years, SIBUR intends to achieve carbon neutrality at two more facilities through improved energy efficiency, purchases of green electricity, and the allocation of carbon units. Under the previous strategy, the company's SIBUR-PETF plant in the Tver region became Russia's first carbon-neutral production site. By 2030, SIBUR also plans to reduce its GHG emissions per tonne of product by 10% compared with 2024 levels and to support at least two nature-based climate projects. Under the previous strategy, the company verified over 3 million carbon units from climate projects at its facilities and planted more than 5 million trees. The new strategy also targets a 10% reduction in water consumption for operational needs. By 2030, SIBUR aims to increase the percentage of women in engineering and production roles at the company to at least 30% and to provide additional support for working mothers. Hashtag: #SIBUR The issuer is solely responsible for the content of this announcement. SIBUR
Zawya
2 days ago
- Zawya
Sterling holds its own against stronger dollar, trade optimism lends supports
Sterling ticked higher against the dollar on Thursday, one of the few major currencies to hold its own against the greenback which regained ground after weak U.S. data dragged it lower on Wednesday. The pound was up 0.14% at $1.3574, while against the euro it was up 0.1% at 84.16 pence. Sterling remains a touch away from a more than three-year high hit on May 26, underpinned by ongoing dollar weakness with the pound up over 8% this year. Also helping is the fact the UK is the only country to have struck a trade deal with the U.S and was spared from higher U.S. steel and aluminium tariffs, though analysts question how beneficial those factors are. "The trade deal does matter," said Chris Beauchamp, chief market analyst at IG Group. "You might argue it's not a proper trade deal and that it doesn't solve all the problems, but at least it's a sign that there's a more compelling reason to hold the pound rather than be worrying about the euro," Beauchamp added. The Bank of England (BoE) will meet on June 19 to deliver its next policy decision with market bets firmly on the monetary policy committee (MPC) keeping rates steady. There had been expectations of a further 25 bps cut from the BoE at its June meeting but bets were slashed following weak economic data and a hotter-than-expected inflation read last month. On Tuesday, Bank of England Governor Andrew Bailey said he was sticking with a "gradual and careful" approach to cutting interest rates as global trade policy turmoil increasingly clouds the outlook. Reassurance came on Wednesday with a survey showing Britain's services sector returned to tepid growth last month. (Reporting by Lucy Raitano and Johann M Cherian, Editing by Ed Osmond)
Zawya
2 days ago
- Zawya
Dollar feeble on soft economic data, trade uncertainties
SINGAPORE - The dollar drifted in muted trading on Thursday after weak U.S. economic data revived fears of slow growth and high inflation, while the euro was steady ahead of an expected interest rate cut from the European Central Bank. The soft data, which showed U.S. services sector contracted for the first time in nearly a year in May and an easing labour market, led to a rally in Treasuries and increased the odds of interest rate cuts from the Federal Reserve this year. In Asian hours, currency market moves were tepid as investors were hesitant in making major bets, awaiting developments for fresh cues on the economy, tariffs and trade deals. Markets have been rattled since U.S. President Donald Trump announced a slate of tariffs on countries around the globe on April 2, only to pause some and declare new ones, leading investors to look for alternatives to U.S. assets. The greenback weakness has been the story of the year, with foreign exchange strategists surveyed by Reuters expecting further declines on mounting concerns about the U.S. federal deficit and debt. On Thursday, the dollar was a shade higher against the yen at 143, while the euro stood at $1.1412, not far from the six-week high it touched at the start of the week. Sterling last fetched $1.3544. The dollar index, which measures the U.S. currency against six others, was at 98.87 and has dropped about 9% this year, poised for its weakest yearly performance since 2017. Investors are now awaiting Friday's monthly payrolls figures to gauge the state of the labour market after payroll processing firm ADP reported that U.S. private payrolls increased far less than expected in May. The more comprehensive employment report on Friday is expected to show that non-farm payrolls increased by 130,000 jobs in May after advancing by 177,000 in April, according to a Reuters survey of economists. The unemployment rate is forecast to hold steady at 4.2%. "May's payrolls data tomorrow will be important to see if investor concerns are valid or overdone. A soft labour market report is likely to result in outsize falls in the U.S. dollar," said Mansoor Mohi-uddin, chief economist at Bank of Singapore. Trump redoubled his calls for Federal Reserve Chair Jerome Powell on Wednesday to lower interest rates after the ADP data was released, the latest attack that has stoked worries about the independence of the U.S. central bank and rattled investors. Markets have priced in 56 basis points of rate cuts this year from the Fed, with traders pricing in a 95% chance for easing in September, LSEG data showed. The yield on the U.S. 10-year Treasury note was at 4.363% in Asian hours, just above the four-week low of 4.349% it touched on Wednesday. In other currencies, the Australian dollar was steady at $0.6491, shrugging off Wednesday's weak GDP report while the New Zealand dollar was last at $0.603, just shy of a seven-month high. TRADE DEALS Investors remain worried about U.S. trade negotiations and the lack of progress in hashing out deals ahead of the early July deadline. Trump called China's Xi Jinping tough and "extremely hard to make a deal with" on Wednesday, exposing frictions after the White House raised expectations for a long-awaited phone call between the two leaders this week. Attention will also be on Europe, where the central bank is widely expected to cut rates by 25 bps later on Thursday. Investors will look for clues for what comes after that even as the case grows for a pause in its year-long easing cycle. The ECB has cut rates seven times in 13 months as inflation eased from post-pandemic highs, seeking to prop up a euro zone economy that was struggling even before Trump's erratic economic and trade policy dealt it yet another blow. "Lower energy prices, forthcoming fiscal stimulus, and reduced global recession risks warrant a wait-and-see approach to further policy moves," said Laura Cooper, head of macro credit and investment strategist at Nuveen. "While a potential insurance cut could come in September, it will be contingent on incoming data – yet risks appear skewed to the upside amid depressed trade-led expectations." (Reporting by Ankur Banerjee in Singapore; Editing by Jamie Freed)
