Wataniya offers new BlackBerry plans
(Trade Arabia
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31/05/2012)
Wataniya Telecom has introduced new BlackBerry plans that are flexible, affordable and suitable for all segments of society, the company said. BlackBerry subscribers can select the plan that best fits their communication needs while only paying for the
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Damas to host 'vault sale'
(AME Info
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31/05/2012)
Damas, the region's international jewellery and watch retailer, has announced that it will host its biggest ever sale, located at its main vault in DMCC, Dubai, from May 31st - June 9th, 2012. The end of season sale offers between 25 to 70% off selected
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Qtel in deal to operate Pearl-Qatar network
(Trade Arabia
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31/05/2012)
Qtel has signed an agreement with United Development Company (UDC), the master developer of The Pearl-Qatar project, to acquire the full communications infrastructure of the innovative urban development in Doha. Pearl-Qatar is a masterpiece of private
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Capital Intelligence affirms ratings of Riyad Bank
(AME Info
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31/05/2012)
Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed the ratings of Riyad Bank (RB), based in Riyadh, Saudi Arabia. Supported by the sound and continually improving quality of the Bank's loan portfolio,
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Zain Saudi Said to Hire Four Banks for $2.5 Billion 5-Year Loan
(Bloomberg
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31/05/2012)
Mobile Telecommunications Co. of Saudi Arabia, known as Zain Saudi, hired four banks for a five- year $2.5 billion loan to refinance its Islamic facility that matures in July, according to two bankers familiar with the matter. The company, 25
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KFH demonstrates financial services at Souq Sharq during weekend
(AME Info
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31/05/2012)
AGM of Commercial Sector at Kuwait Finance House (KFH) Ahmed Al-Khaled announced that KFH has setup a booth to demonstrate KFH financial services at Souq Sharq during the weekend. He added that the booth is manned by employees working in the consumers
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Zain welcomes students from University of Colorado to its premises
(Al Watan
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31/05/2012)
Zain, one of the leading telecommunication companies in Kuwait, recently hosted a group of students from the University of Colorado and introduced them to the company's commitment to the latest developments in the telecommunication industry. This was
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Global Investment House narrows losses 50%
(The National
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31/05/2012)
Global Investment House has reported its 14th consecutive quarter without a profit but narrowed its losses by half after asset sales and cost-cutting. The Kuwaiti investment bank, once among the largest in the Middle East but now undergoing its second
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Saudi SEC looking to complete restructuring by January 2014
(Gulf Times
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31/05/2012)
Saudi Electricity Co (SEC) aims to complete its restructuring by January 2014, as the largest-listed utility in the Gulf region prepares to invest $100bn over the next 10 years to almost double its power generation capacity, the firm’s chief executive
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Global honors for Al-Khozama
(Arab News
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31/05/2012)
Al-Khozama Management Company affirmed its leadership position in Saudi Arabia's hospitality industry after the company scooped 10 regional and international awards in the first five months of 2012. Most recently, the luxury commercial property
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Amir attends NBK’s 60th anniversary ceremony
(KUNA
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31/05/2012)
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah yesterday attended the ceremony marking the 60th anniversary of the National Bank of Kuwait (NBK) at Al-Rayah Hall in Sharq. His Highness’ convoy was greeted upon arrival by NBK’s Board
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ADIB London inaugurated
(Khaleej Times
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31/05/2012)
Abu Dhabi Islamic Bank, or ADIB, a top-tier Islamic financial services institution, announced on Wednesday the expansion of its global footprint by starting its operations in London at the prestigious One Hyde Park at Knightsbridge. It becomes the first
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ADIB the first UAE Islamic bank to begin operations in the UK
(CPI Financial
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30/05/2012)
Abu Dhabi Islamic Bank (ADIB) has officially opened its London branch at the prestigious One Hyde Park at Knightsbridge. It becomes the first UAE-based Islamic financial institution to receive a banking operations licence from the UK Financial Services
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Etisalat Group delegation visits Afghanistan on Asia operations tour
(AME Info
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30/05/2012)
Jamal Aljarwan, chief regional officer Asia Cluster, Etisalat Group, recently made his first stop of an Asia-wide tour in Afghanistan, where he was joined by high-ranking officials to visit the Group's operations in Afghanistan and discuss the
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CI raises financial strength rating of Saudi Hollandi Bank
(AME Info
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30/05/2012)
Capital Intelligence (CI), the international credit rating agency, today announced that it has raised the Financial Strength Rating of Saudi Hollandi Bank based in Riyadh, Saudi Arabia. That rating is raised to 'A-' from 'BBB+', supported by improvements
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Gulf telcos must privatise: Al-Barrak
(Reuters
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30/05/2012)
Gulf telecoms companies, most of which are ultimately government-controlled, must further privatise and consolidate to survive in an increasingly tough environment, the former chief executive of Kuwait's Zain said. Saad al-Barrak led Zain's rise over the
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Sorouh completes world's highest penthouse bridge structure
(AME Info
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30/05/2012)
Abu Dhabi-based developer Sorouh Real Estate Company PJSC, has completed lifting the fourth and final section of the penthouse bridge for its 65-storey residential development Gate Towers on Shams Abu Dhabi, Al Reem Island. This engineering feat marks
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VIVA unveils branded Jazeera Airways aircraft
(AME Info
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30/05/2012)
VIVA, Kuwait's advanced mobile telecommunications service provider, unveiled its latest marketing innovation through its newly branded Jazeera Airways aircraft. The company collaborated with Jazeera Airways to brand one of its aircrafts to take the VIVA
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Oman Air, Tourism Ministry launch campaign
(Trade Arabia
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30/05/2012)
Oman’s Ministry of Tourism is in strategic partnership with Oman Air to launch a summer travel campaign in time for its ‘Khareef’ monsoon season, which is widely celebrated in Salalah. The launching event was recently held at Safir International Hotel in
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Saudia, SkyTeam ink strategic deal
(Trade Arabia
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30/05/2012)
Saudi Arabian Airlines (Saudia) has signed an agreement with top global alliance SkyTeam, offering its passengers access to 14,700 daily flights operated by SkyTeam’s member airlines to 958 destinations in 173 countries. “We are confident that this
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Milaha holds Board of Directors meeting
(AME Info
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30/05/2012)
The Board of Directors of Qatar Navigation (Milaha) Q.S.C. met to discuss the recommended rights issue, which was formally announced on March 25, 2012, and raised to the General Assembly at the company's EGM on April 15, 2012. As part of the
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KFH launches promotion campaigns for banking cards
(AME Info
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30/05/2012)
Kuwait Finance House (KFH) launched a few months ago a bouquet of various promotion campaigns for credit and prepaid cards, in addition to travel insurance documents. Such offers seek to serve clients and various market sectors, in addition to cementing
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Alba volunteers in Malkiya beach clean-up drive
(AME Info
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30/05/2012)
Aluminium Bahrain B.S.C. (Alba) presented a tangible demonstration of its social commitment for Bahrain's coastal environment when volunteers from the Alba Community Service Committee took part in a clean-up drive of facilities at Malkiya beach on
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Air Arabia ranks top for punctuality
(Trade Arabia
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30/05/2012)
Air Arabia, a leading low-cost carrier in the Mena region, has been ranked first for the punctuality of its outbound flights from Domodedovo International Airport, Moscow. Figures released by the airport show that 100 per cent of Air Arabia flights in
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Global Investment Q1 net loss narrows
(Reuters
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30/05/2012)
Global Investment House, the Kuwaiti investment firm currently undergoing its second debt restructuring in three years, saw its first-quarter loss narrow compared to the opening three months of last year, it said in a statement on Wednesday. The company
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