 
Industrial - News
Award of two construction contracts
(Press Release - 16/05/2013) We are pleased to announce to our esteemed Shareholders and Investors that Galfar Company has been awarded a contract for construction of pipeline and fabrication works at Safah & Wadi Latham Oilfield by Occidental of Oman Inc. for a total value of RO 15 ...
Zamil Industrial names members for key panels
(Arab News - 12/05/2013) The newly elected board of Zamil Industrial Investment Company (Zamil Industrial) board has elected Khalid A. Al-Zamil as its chairman, according to Tadawul website. The board also has appointed members of the executive, audit, and nomination and ...
UAE maintains insurance market hub status - A.M. Best
(CPI Financial - 08/05/2013) Insurers in the United Arab Emirates (UAE) are forecast to see strong continued growth in 2013, despite a projection that the UAE’s economy will expand at a slower pace, reflecting a reduction in oil output, said A. M. Best in a special report. UAE ...
RAM Ratings reaffirms TNB’s AAA Sukuk rating
(CPI Financial - 08/05/2013) RAM Ratings has reaffirmed the AAA long-term rating of Tenaga Nasional’s (TNB) $500 million equivalent Murabahah Medium-Term Notes Programme (2005/2025); the long-term rating has a stable outlook. Based on RAM’s methodology on government-linked entities, ...
Small business lending key to 6.5m new jobs in region each year
(The National - 08/05/2013) Banks must accelerate lending to small businesses across the region to help create as many as 6.5 million new jobs needed every year, officials warned yesterday. Some banks have been working with the International Finance Corporation (IFC), the ...
Dubai World Central cargo volumes up 7.8pc
(Trade Arabia - 08/05/2013) Dubai World Central (DWC), the world's first purpose-built aerotropolis, handled 53,974 tonnes of freight in the first three months of the year, thus registering a year-on-year increase of 7.8 per cent compared to 50,062 tonnes last year, according to a ...
Qatar Petroleum plans big IPOs for units in long term
(CPI Financial - 08/05/2013) State-owned Qatar Petroleum plans to offer shares in four of its units in coming years, Hussain al-Abdulla, executive board member of Qatar Holding, the investment arm of the sovereign wealth fund, said on Wednesday. "There are four companies with QP now ...
Tadawul Index Turns Green
(Gulfbase.com - 08/05/2013) The Tadawul All-Share Index turned green during the first couple of hours trading on Wednesday 8th May 2013. The index spending the entire session above the break even line reached at 7,213.27 levels, adding 30.78 points or 0.43 percent. The index traded ...
Saudi Aramco sends 55 engineers to Manifa
(Saudi Gazette - 08/05/2013) – Saudi Aramco has trained 55 engineers to work in its Manifa oil fields after an intensive training, officials said on Tuesday. The 55 engineers came from Saudi Aramco’s various department and were sent to Manifa, bringing with them their newly acquired ...
Noor Takaful launches UAE’s 1st easy payment plan for motor insurance
(CPI Financial - 08/05/2013) Noor Takaful today (8 May) announced the launch of its market leading Motor Takaful Easy Payment Plan, which allows policyholders to spread the annual cost of their motor insurance into three, six or 12 equal installments at no extra charge. Noor Takaful ... |
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