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US index at peak, European stocks extend gains on Greece, Fed (Gulf News - 25/04/2015)

European stocks extended gains for a sixth day to its highest level in seven years, and US indexes recovered to hit another record after Greece proposed a list of reforms to euro group and Federal Reserve indicated to consider rate hikes on a meeting to

Afriland First Bank officially launches Islamic finance in Cameroon (CPI Financial - 25/04/2015)

At an event held at the Hilton Hotel in Yaounde, Cameroon, on 20 February, Afriland First Bank unveiled its suite of Islamic finance products. For more than 10 years, First Bank has been assisting Muslim pilgrims to MECCA with the facilitation of

Cement sales surge 3.8% to SR13.5bn in 2014 (Arab News - 01/03/2015)

Sales of the listed cement firms grew by 3.8 percent to hit SR13.5 billion in 2014 compared to SR13 billion in 2013, according to a financial report. Likewise, net profits of the cement sector rose by 6.10 percent in the year to SR6.2 billion compared to

Al-Tayyar buys hotel in Makkah for SR1.5b (Saudi Gazette - 01/03/2015)

Al-Tayyar Travel Group Holding Company has purchased a five-star hotel just 70 meters away from the Grand Mosque in Makkah at a cost of SR1.5 billion, Makkah reported. The company said the property has been vacated and the balance was paid in one go to

Gold prices to rise after Jaitley keeps import duty high (Reuters - 01/03/2015)

Gold premiums in top consumer India could jump to as much as $5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewelers by maintaining import duty at a record level in Saturday’s budget. The

Middle East funds increasingly bullish on Saudi Arabia equities (Reuters - 01/03/2015)

Middle East funds are increasingly positive toward Saudi Arabia’s stock market as oil prices appear to be stabilizing and the Kingdom is preparing to open its bourse to direct foreign investment, a Reuters survey of regional asset managers shows. With

Al-Mansoori: SMEs are cornerstone of any economy (Arab News - 01/03/2015)

nvestments in small and medium enterprises (SMEs) will be a key topic of discussion at the Annual Investment Meeting (AIM) 2015, to be held in Dubai from March 30 to April 1. It is being held at the Dubai International Convention and Exhibition Centre

DAMAC Properties building first tropical ecosystem in Middle East (Saudi Gazette - 01/03/2015)

Dubai is set to become home to the Middle East’s first tropical Rainforest, as the Emirate continues its drive to attract tourism from all over the world. The tropical ecosystem has been announced by leading luxury developer DAMAC Properties. The

Zain Pay launched in Saudi Arabia (Saudi Gazette - 01/03/2015)

Zain KSA first launched (Zain Pay) service which allows direct mobile operator billing facility for Windows Phone Store in partnership with Microsoft, Zain announced. Zain subscribers can now use one-tap mobile payments to purchase games and apps in

Bahrain-Russia trade ties (BNA - 01/03/2015)

The Bahraini side of the Bahraini-Russian Joint Business Council held its first meeting, under the chairmanship of BCCI Chairman Khaled Al Moayyed. While hailing the relations between Bahrain and Russia, the panel members proposed boosting trade and

Ahlibank hosts first ROC meeting (Oman Daily Observer - 01/03/2015)

Ahlibank hosted the first meeting of the Risk Officers Committee (ROC) in 2015 at the Grand Hyatt Hotel recently. The Banking sector in Oman formed the ROC in 2011 comprising Chief Risk Officers of local as well as foreign banks operating in the country,

Bank Sohar holds governance workshop (Oman Daily Observer - 01/03/2015)

Bank Sohar recently conducted a specialised Corporate Governance Awareness workshop titled ‘Instilling Good Governance’ for members of the Board and the Bank’s Executive Management at the Grand Hyatt, Muscat. The workshop was in line with the constant

Multinational companies look to invest in Oman (Oman Daily Observer - 01/03/2015)

A recent EMIR (Emerging Markets Intelligence & Research) Boardroom briefing hosted at Dubai’s Burj Al Arab brought together over 120 senior executives from some of the world’s largest multinational companies for a private meeting with a high-profile

Omani banking industry competitive, matured (Oman Daily Observer - 01/03/2015)

The banking sector in the Sultanate has evolved immensely over the past decade and become increasingly more competitive, with an assortment of commercial banks and banks which now exclusively focus on Islamic finance. It is indisputable from the data and

Commercial bids for Oman Rail Segment 1 due today (Oman Daily Observer - 01/03/2015)

Commercial offers for the Sohar – Buraimi segment of the Oman National Railway Project are due today, with an array of international consortiums expected to submit voluminous pricing proposals for the multibillion dollar Design and Build package.

Primary construction materials supply set to face pressure (The Peninsula - 01/03/2015)

Delivering quality projects on time with minimum future maintenance cost is the key challenge Qatar’s constructing sector will be facing in the run up to the FIFA 2022. The country, which is sitting on an estimated $200bn projects, is expected to

Shurooq to organise ‘Sharjah Food Festival’ (WAM - 01/03/2015)

The Sharjah Investment and Development Authority (Shurooq) is preparing to launch the 9th edition of Sharjah Food Festival which will take place from March 25 to April 4, 2015. The festival will take place in four of the Emirate’s premier leisure and

Dubai Property Show attracts UK investors (The Gulf Today - 01/03/2015)

Sheikh Mohammed Bin Makhtoum Al Makhtoum, First Secretary at the UAE Embassy in London, on Friday inaugurated the First Dubai Property Show in the West Hall of London’s Olympia. The show kicked off with a press conference highlighting the exciting times

Expo 2020 to feature towering sculptures in the UAE (The Gulf Today - 01/03/2015)

Preparations for the Dubai Expo 2020 took yet another twist on Saturday when the Expo team announced the launch of a one-of-a-kind interactive art showcase and the creation of the new logo for Expo 2020 Dubai. The art campaign is dubbed ‘For Everyone’

SMEs play dominant role in global economy: MoE (WAM - 01/03/2015)

Investments in small and medium-sized enterprises (SMEs) will be a key topic of discussion at the Annual Investment Meeting (AIM) 2015, to be held from 30 March to 1 April at the Dubai International Convention and Exhibition Centre under the patronage of

KSE: Past week stock trades up and down (KUNA - 01/03/2015)

Kuwait Stock Exchange (KSE) began the past week trading bearishly with the price index dropping 10.3 points to 6,601 while the weighted index rose 0.12 points and Kuwait 15 index 1.63 points at Tuesday's closing. While most of the Gulf market dropped in

Qatar Exchange: Weekly Market Report (Gulf Times - 01/03/2015)

The Qatar Stock Exchange (QSE) index declined by 51.12 points, or 0.41%, during the week, to close at 12,445.34. Market capitalisation fell by 0.33% to reach QR675.3bn compared to QR677.6bn at the end of the previous week. Of the 43 listed companies, 19

Saudi banks pull welcome mat for SMEs seeking loans (Bloomberg - 01/03/2015)

Hasan al-Hazmi knew he couldn’t depend on Saudi Arabian lenders when opening his business last year even with the kingdom’s drive to boost credit to small-and medium-sized companies. “Banks are not lending to any startups without providing annual

Qatar entrepreneurship forum to provide key insights from experts (Gulf Times - 01/03/2015)

Subject experts from government, academia, and the business community are expected to provide key insights during the “2nd Entrepreneurship in Economic Development Forum” to be held on March 2 and 3 at the Sheraton Doha Resort and Convention Hotel. The

Masraf Al Rayan sponsors meet (Gulf Times - 01/03/2015)

Masraf Al Rayan has announced its participation in the “2nd Entrepreneurship in Economic Development Forum” to be held on March 2 and 3 at the Sheraton Doha Resort and Convention Hotel. Masraf Al Rayan Group CEO Adel Mustafawi said, “Masraf Al Rayan has

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