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Wednesday 24th, March 2010 -- 00:44 GMT
Sheikh Mohammed Bin Hamad Al Sharqi Inaugurates Emirates Cement Company’s State-of-the-Art Facility in Fujairah
Sheikh Mohammed Bin Hamad Al Sharqi, Crown Prince of Fujairah, today officially inaugurated the new state-of-the-art facility for Emirates Cement ...
Dubai Cotton Centre expands international presence through sale of Indian organic cotton to Far East
Delivers 750 metric tonnes of Indian organic cotton to ...
NBK Automobiles bags multi-million QAR sales deal
NBK Automobiles, the exclusive dealer of Mercedes-Benz in Qatar, bagged a multi-million Qatari Riyals deal selling 10 Actros 4140B transit mixers to REDCO ...
MADI International launches ‘Sebastian Professional’ brand owned By P&G Salon Professional in UAE
New products aim to leverage growth potential in region, as Middle East beauty sales expected to hit AED 11 billion in ...
RAK Petroleum Announces Success at Hamrat Duru 4 Well in Block 30, Sultanate of Oman
RAK Petroleum PCL, the oil and gas exploration and production company, announced today that it has tested gas in the Hamrat Duru 4 well in Block 30, Sultanate of Oman. ...
10 per cent cash dividend approved at Air Arabia Annual General Meeting
Assembly approves report of auditors for 2009 financial year, Board of Directors report and company annual ...
Card experts identify huge opportunity for Prepaid; Up to 85 percent transactions in the ME region rely on cash
The first prepaid summit of the region opened today as key speakers, explained the market opportunities available for cashless transactions in the Middle East ...
Shell Lubricants and MOBIS sign regional distribution deal
Shell Lubricants has recently signed a regional lubricants distribution agreement with MOBIS Middle East FZE (MOBIS) to supply exclusive Shell Helix oil products for Hyundai car dealers and consumers in the Middle East, Africa and select CIS ...
DFSA Takes Action Over Damas Failures
The Dubai Financial Services Authority (“DFSA”) today announced remedial action and enforcement sanctions against Damas International Limited (“Damas”) and its Board of Directors (“Board”) for their failure to exercise appropriate corporate ...
NBAD Launches U.S. $750 Million Fixed-Rate Notes
Rated Aa3/A+/AA-under its US$ 5 billion EMTN ...
Government-led entrepreneurship and career-development programs vital to offset increasing unemployment rate in GCC
1.7% increase in GCC unemployment rate expected this ...
Depa acquires leading regional marble company
Depa (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, announced today that it has wholly acquired Carrara Mid East Industrial Co.LLC, one of the region’s ...
Dubai records AED 99.6 million worth of pearl trade in 2009
Imports rise by 30 percent; contributing to trade value increase of 3.8 percent ...
Tokyo to become top 2010 travel destination for Middle East holidaymakers
New Non-Stop Routes to Tokyo from UAE Enable Middle East Visitors to Experience World-Famous Hotels ...
Motorola Signs MoUwith UAE's Ministry of Interior / Abu Dhabi Police GHQ to Supply Wireless Video Security Solutions
The Enterprise Mobility Solutions business of Motorola, Inc (NYSE: MOT), leader in the development and deployment of mission critical communications solutions, today announced that it has signed a Memorandum of Understanding (MOU) with the United ...
Carlos Slim promotes education and critical thinking as a means to improve the economy
Carlos Slim Helu, currently nominated the richest man in the world, spoke to an overflow audience at the American University of Beirut’s (AUB) Suliman Olayan School of Business (OSB). ...
Moody's reports: Stable outlook for Lebanese banking system
The credit outlook for the Lebanese banking sector is stable, reflecting the buoyant performance of the local economy in 2009, improvement in Lebanese politics and relative stability in the region, says Moody's Investors Service ...
Saudi real estate yields 8% per annum since 2007
Kingdom avoids boom bust cycle of some Gulf markets - Cityscape Intelligence launches first Saudi residential and commercial price index in eighteen ...
GCC to open 38 new hotel rooms per day this year
New research shows 48 hotels with 14,178 rooms set to open in 2010 - industry experts to discuss competitive strategies during global downturn at The Hotel Show Seven Star Conference. ...
Higher education crucial for career advancement according to 67% of Middle East’s job seekers, latest Bayt.com poll series reveals
Just 8% believe higher education not important to career development ...
Qatar Holding Announces Cooperation Initiatives with Qatar Science & Technology Park, Volkswagen and Porsche
Qatar Holding LLC (QH) announces today that it has signed a Memorandum of Understanding (MOU) which sets out the foundation for a series of cooperation initiatives between QH, Qatar Science & Technology Park (QSTP), Volkswagen AG (VW) and Porsche SE ...
UK: Holiday Visits from UAE Up 22 Percent in First Nine Months of 2009
New research released today by VisitBritain, the national tourism agency, at the start of British Tourism Week forecasts that tourism will be one of UK’s best performing sectors over the coming decade (2010-2020), with the value added contribution ...
Saudi pharmaceutical, healthcare expenditure to reach SAR 13.09 billion by 2013
Investment prospects emerge in medical devices, pharmaceuticals, insurance, medical education and in new areas such as ...
Libya’s Government approves the first Brazilian pharmaceutical company for export
Libya’s Ministry of Health certified this week Laboratorio Teuto as the first national company able to export medicine for the ...
Khalifa Bin Salman Port (KBSP) sees record operational statistics
Records achieved for vessel movement, container throughput and gate turn ...
Middle East’s largest low cost carrier selects SITA’s Aircom service
SITA today announced its selection by Air Arabia - the Middle East’s and North Africa’s first and largest low cost carrier - to provide air-ground communications including data link services for the airline’s expanding fleet and network of 59 ...
Pearl GTL offshore structure begins journey to Qatar From Dubai
The first of two platform structures has left a J Ray McDermott fabrication yard in Dubai bound for the waters off Qatar where it will produce natural gas for the Pearl Gas to Liquids ...
Ferrostaal sells first recycling plant in the United Arab Emirates
Ferrostaal AG is expanding its activities in the field of recycling and environmental technology and is taking advantage of its presence in more than 60 countries to do ...
DIRC completes handover of ‘Ritaj’ Phase 1
Phase 2 of the project is expected to be ready for handover in April ...
NASDAQ Dubai Monthly Trading Report: February 2010 - Equities trading volumes rise 61%
Equities trading volumes rise ...
A new source of power, the potential for renewable energy in the MENA region
Research reveals MENA region offers 45% of world’s total energy potential from renewable resources through solar power generation – enough to generate more than 3X the world’s total current power ...
$500 million, the value of Al Maabar’s projects in Jordan over the next 4 years
Upon a visit to Jordan, and during his meeting with senior Jordanian officials, Mr. Yousif M. Al Nowais, Managing Director of Al Maabar, highlighted the latest developments and future plans in the first phase of Marsa Zayed project in Aqaba. ...
GFH establishing Syria Finance House with 15 billion Syrian pounds
Gulf Finance House (GFH) announced that its in an advanced stage for establishing one of the largest Islamic banks in Syria under the name of Syria Finance House ...
Siemens to expand power supply network in the United Arab Emirates
Siemens Energy has received an order worth approximately EUR30 million from Dubai-based Federal Electricity and Water Authority (FEWA) as part of power supply network expansion. ...
Reebok opens new store in Al Ain
R.B.K. Middle East – the sole distributor for Reebok in the GCC, today announced the opening of a new Reebok store in the Al JIMI mall, Al Ain. ...
ABB wins USD $2.8 million safety project in Qatar
ABB’s Safety Integrity Level 3(SIL 3) and process control pipeline solution for a major oil and gas player is leading to improved safety standards and less downtime thus resulting in higher industrial ...
Bank Audi issues a new economic report on the Jordanian economy
A new economic report on Jordan was issued this week by Bank Audi s.a.l-Audi Saradar ...
Gulf Technical Construction Company awarded 2 contracts worth AED 484 million
Gulf Technical Construction Company (GTCC) Dubai, a subsidiary of Drake & Scull Construction (DSC), a newly formed company under Drake & Scull International PJSC (DSI), has been awarded 2 contracts valued at AED 484 million by DAMAC Properties in ...
Rohde & Schwarz Signs Up as Licensed ...
Emaar Industries & Investments ...
Kanoo, BDP JV to Serve Middle East ...
Initial indicators show that UAE ...
Dar al-Arkan successfully redeems ...
Fox International Channels (“FIC”) and ...
2Connect commences services in Saudi ...
UAE real estate market to witness a ...
Al-Baddad Signs Partnership Agreement ...
averda announces entry into Saudi ...
Dubai records US$29 billion gold trade ...
TECOM Investments Delivers Third LEED ...
Kuwait Energy Announces New Oil ...
Qatar’s tourism sector set to maintain ...
General Assembly of Bank of Sharjah ...
Prime real estate in Morocco offers a ...
TAQA Announces Ratings Change by ...
Four Million Umrah Pilgrims Expected in ...
Qtel Allocates QR600 Million for First ...
Etihad Airways launches new destination ...
Abu Dhabi’s National Drilling Company ...
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