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GCC producers set sights on nutrition-packed fertilizers (Saudi Gazette - 21/09/2014)

Fertilizers that can combat nutrition deficiencies will be a major opportunity for GCC producers, according to industry experts at the 5th annual Fertilizer Convention, organized by the Gulf Petrochemicals and Chemicals Association (GPCA). “Fertilizer

Aramco sets ambitious goals for research center in Houston (Arab News - 21/09/2014)

Innovation and cutting-edge technologies are key strategic enablers to devise solutions that will help us to meet rising energy demand in the future and to turn the industry’s challenges into opportunities, said Khalid Al-Falih, president and CEO of

Mobily, SCSB launch Firnas to inspire Saudi innovators (Saudi Gazette - 21/09/2014)

The Saudi Credit and Savings Bank (SCSB) and Etihad Etisalat (Mobily) signed a strategic partnership agreement to launch “Firnas” platform for innovation, which provides the necessary support and encourage for innovators in Saudi community. The agreement

Al Zorah to highlight luxurious ‘Golf Villas’ (The Gulf Today - 21/09/2014)

Al Zorah, a naturally unique and organically connected lifestyle development by Al Zorah Development Company, will highlight its highly exclusive collection of design-oriented ‘Golf Villas’ at Cityscape Global 2014, the region’s premier property

Saudi firms need strong Wi-Fi foundation (Saudi Gazette - 21/09/2014)

Smartphones and tablets have become an integral part of our lives. With smartphone penetration exceeding 60 percent, Saudi Arabia ranks high in global reports of smart device usage. According to a recent Aruba study, #GenMobile - an emerging population

IFC to take 15% stake in Bank Alfalah (Arab News - 21/09/2014)

The World Bank’s International Finance Corporation (IFC) will take a 15 percent stake in the paid-up capital of Pakistan’s Bank Alfalah, the Karachi-based lender said in a statement. Under the agreement, which still requires regulatory approval, Bank

Paper industry remains vibrant in the UAE (Saudi Gazette - 21/09/2014)

The UAE paper industry is witnessing exponential growth due to the increasing number of manufacturers and significant development of paperwork conversion sector in recent years, say industry experts. Paper conversion sector includes producing all major

Islamic finance professionals attend KPMG workshop (Oman Daily Observer - 21/09/2014)

KPMG in Oman, a leading international firm providing audit, tax and advisory services, organised an intensive two-day Comprehensive Sukuk Workshop at the Grand Hyatt Muscat last week. This was the latest in a series of Islamic Finance Seminars and

GCC audit committee OK’s 2015 training plan (KUNA - 21/09/2014)

The Gulf Cooperation Council (GCC) Audit Bureaus Undersecretaries Committee has seconded the 2015 training plan, and recommended submitting it to the heads of the bloc's audit chiefs for endorsement in their next meeting. The Committee wrapped up its

Banking conference to draw top speakers (Arab News - 21/09/2014)

The 21st annual edition of the World Islamic Banking Conference (WIBC 2014), which will be held with the support of Prince Khalifa bin Salman Al-Khalifa, prime minister of Bahrain, and supported by the Central Bank of Bahrain, is scheduled to be held in

Alizz Islamic Bank’s growth plans on track (Oman Daily Observer - 21/09/2014)

As the bank will be soon marking its first year of operations, Alizz Islamic Bank’s performance has been in line that of other Islamic banks operating in the country. “Bank’s focus has been on growth and as per the industry trends, the break even may be

ME solar energy investments to reach $50b (The Gulf Today - 21/09/2014)

Arab nations are poised to make significant investments in solar energy, estimated at $50 billion over the next ten years, as part of a push to adopt and use renewable energy sources. According to MEED Insights, the solar energy sector is a fast growing

Mongolian developments woo Middle East investors (Saudi Gazette - 21/09/2014)

Leading Japanese architect Nikken Sekkei, has signed contracts with major Mongolian development companies Mon Uran LLC and Dunjingarav LLC, to design three projects in the capital city of Ulaanbaatar, Mongolia. The Mongol Tower and WOO City developments

Etihad Rail inks deal to protect key installations (Arab News - 21/09/2014)

Etihad Rail, the developer and operator of the UAE’s national railway, has signed a major memorandum of understanding (MoU) with the UAE’s Armed Forces. Both parties will work together through close coordination and exchange of information to secure the

Omantel provides MPLS service to National Bank of Abu Dhabi — Oman (Oman Daily Observer - 21/09/2014)

Omantel, the leading provider of integrated telecommunication services signed a five-year agreement with National Bank of Abu Dhabi (NBAD) — Oman to provide MPLS service to link the bank branches located in different governorates which contributes to

DCCI to sharpen entrepreneurial skills of Chinese interns (The Gulf Today - 21/09/2014)

With its commitment to the success of the Dubai Business Internships programme initiated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, the Dubai Chamber of Commerce and Industry (DCCI)

Dubai, Abu Dhabi, Oman promote cruise industry (Saudi Gazette - 21/09/2014)

Cruise Arabia, the collaborative initiative formed by Oman’s Ministry of Tourism, Abu Dhabi Tourism & Culture Authority and Dubai’s Department of Tourism and Commerce Marketing to promote the Arabian Gulf as a cruise destination, participated in the

Higher land prices accelerate rent inflation in Qatar (Arab News - 21/09/2014)

Higher land prices continue to put upward pressure on Qatar’s rent inflation, says a report released by the QNB Group. Citing the latest Ministry of Justice data, it said land prices have increased 52.7 percent since the beginning of the year. This has

Occidental Petroleum in talks to sell part of Dolphin Energy stake (Oman Daily Observer - 21/09/2014)

Occidental Petroleum is in talks to sell at least one-fifth of its 24.5 per cent stake in Dolphin Energy to Abu Dhabi-owned Mubadala Development Co, according to a report in the Wall Street Journal. The potential deal comes after collapse of a previous

G20 firmly committed to sustain GDP target (Saudi Gazette - 21/09/2014)

Finance chiefs from G20 nations held talks Saturday, confident they can “change the destiny of the global economy” despite rising world political tensions and mounting fears of financial instability. The meeting in Cairns aims to thrash out a set of

Record 280 exhibitors at Cityscape Global (Arab News - 21/09/2014)

Cityscape Global, described as the Middle East’s largest and most influential property show, opens Sunday with 35,000 participants expected from around the world and exhibitor numbers climbing above 280 for the first time in five years. According to the

Seminar discusses intellectual property harmonisation (The Gulf Today - 21/09/2014)

Sponsored by the US Department of Commerce, the Commercial Law Development Programme (CLDP) in collaboration with the Dubai Economic Council (DEC) and the UAE Brand Protection Group, held the ‘Consultations on Intellectual Property Harmonization,

RO 3m reward for Bank Muscat Al Mazyona customers (Oman Daily Observer - 21/09/2014)

Bank Muscat is all set to reward al Mazyona customers with the year-end big prizes totalling over RO 3 million. Momentum has started building up for the grand year-end bonanza of RO 1.9 million, to be preceded by the third quarter prize totalling RO

Savola Group CEO wins ‘Visionary Leadership’ Award (Saudi Gazette - 21/09/2014)

DR. Abdulraouf Mohammad A. Mannaa, CEO & Managing Director of the Savola Group, a Saudi-listed company operating in the food and retail sector, has been presented with the Visionary Leadership Award at its annual awards ceremony. The Visionary Leadership

Veeam unveils new solution for Middle East customers (The Gulf Today - 21/09/2014)

Veeam Software announced new technical training and certification programme for both its reseller ProPartners and end-users, launching in the region of emerging markets. A new program will be rolling across Middle East region starting at the end of

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