Tabreed completes expansion of key Al Ain district cooling plant
(AME Info
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16/05/2012)
National Central Cooling Company PJSC, (Tabreed), the Abu Dhabi-based district cooling utility company, announced the completion of the expansion of its district cooling plant in Al-Ain. The plant, which serves UAE University, has been expanded to meet
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Ezdan to take part in Qatar Cityscape 2012
(AME Info
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15/05/2012)
Ezdan Real Estate Company, a leader of real estate development in the region, will take part in the Qatar Cityscape 2012, held for the first time at the Qatar Exhibition Center in Doha on May 23. During the three-day event, Ezdan will display models of
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Nawras sponsors First Students Creative Forum
(AME Info
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15/05/2012)
Nawras, Oman's customer friendly communications provider, was proud to be the Gold Sponsor of the First Students Creative Forum for Higher Education Institutions, recently held at the Oman International Exhibition Centre under the patronage of H.E. Dr
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S&P rates Qatar Islamic Bank 'A-/A-2' with Stable Outlook
(CPI Financial
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15/05/2012)
Standard & Poor's recently assigned its 'A-' long-term and 'A-2' short-term counterparty credit ratings to Qatar Islamic Bank (QIB) with a stable outlook rating on the long-term. S&P, which rates QIB for the first time, hailed the bank's business
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Fitch rates DIB's proposed trust certificate issuance programme
(CPI Financial
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15/05/2012)
Fitch Ratings has assigned Dubai Islamic Bank's (DIB) $2.5 billion trust certificate issuance programme a 'A' expected rating. The issuing entity under the programme is DIB Sukuk Limited (DIBSL). The final ratings are contingent on the receipt of final
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Etihad Etisalat Mobily announces award of MVNE solution
(AME Info
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15/05/2012)
Mobily, the fastest growing mobile communications and technology provider in the Kingdom of Saudi Arabia announced the award of its MVNE solution and services contract to XIUS, Limited of Hyderabad, India. XIUS is providing MVNE/MVNO network
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Alba promotes effective leadership practices
(AME Info
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15/05/2012)
Aluminium Bahrain B.S.C. (Alba) is strongly positioned as an organisation that promotes platforms which empower key decision makers to emerge as knowledge leaders with its sponsorship of the International Leadership Conference (ILC 2012) to be held at
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Bank Sohar attends CBFS annual open day
(Oman Daily Observer
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15/05/2012)
Bank Sohar participated in the Annual Open Day Event of College of Banking and Financial Studies (CBFS), which was held on the College premises recently. It was the third time that Bank Sohar had the privilege to support the CBFS in their Annual Open Day
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Topaz Engineering delivers two wind-farm support vessels
(Oman Daily Observer
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15/05/2012)
Renaissance Services subsidiary Topaz Engineering, a UAE-based full service ship building, ship repair and engineering services company, has confirmed it has completed the delivery of two wind farm support vessels (WFSV) to ASP Work Boats Ltd, part of
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Dana Gas reports strong profit growth for Q1 2012
(AME Info
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15/05/2012)
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announces its financial results for the first quarter ended 31st March 2012 with a net profit after tax of Dhs206m, more than double that reported in the first quarter
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Etisalat showcases placement opportunities for nationals
(AME Info
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15/05/2012)
Etisalat announced its participation in the sixth Fujairah Career Fair 2012 that kicked off today at the Fujairah Exhibition Center. Etisalat's participation in the event,which concludes on May 17, reflects its commitment to support young Emiratis with
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SIHAI to train Almarai technicians
(Saudi Gazette
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15/05/2012)
SEHAI will receive nearly 100 of the 4th batch students from Almarai Company this coming academic year September 2012 at Diraiya campus, under the agreement signed recently between Abdullah bin Naser Al-Badr, Head of HR Division, Almarai; and Fahad
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Port Services honoured with award
(Oman Daily Observer
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15/05/2012)
Port Services Corporation SAOG has been honoured with a prestigious award from the world famous cruise operator — Royal Caribbean International during their 2011 — 2012 Middle East Awards Ceremony conducted in Dubai on April 30. This is in recognition of
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Oula installs air, water towers at 20 of its stations
(Al Watan
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15/05/2012)
As part of Oula Fuel Marketing Company's ongoing efforts to upgrade and add valuable services to its existing and new stations, the company has recently installed new air and water towers in 20 stations with the goal to complete installation in the
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NBO launches Middle Management Development Programme
(Oman Daily Observer
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15/05/2012)
NBO Academy of Excellence recently launched its flagship “NBO Middle Management Development Programme”. This comprehensive and rigorous programme that runs over 10 consecutive weeks, aims to provide Middle Managers of the Bank with a solid, all-round
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Arabtec announces Aabar stake of 20%
(The National
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15/05/2012)
Arabtec Holding revealed yesterday that Aabar Investments had become its largest single shareholder with a stake of more than 20 per cent. The statement from Arabtec came a day after reports - that it said were incorrect - alleging that Aabar, owned by
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Burgan Bank selects ICS banks to replace its existing banking system
(Al Watan
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15/05/2012)
Burgan Bank, one of the leading banks in Middle East and North Africa (MENA), selected ICS BANKS, the universal banking software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.
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Al Rajhi starts Saudi's Safco, APC with overweight
(Reuters
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15/05/2012)
Saudi Arabian Petrochemical producers will likely outperform their global peers because of higher margins and a greater focus on expansion, but project execution will be a key challenge for these companies, Al Rajhi Capital said. The brokerage started
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KSA eyes $107b investment in power projects
(Reuters
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15/05/2012)
Saudi Arabia has revised up its estimates for the amount it will invest in power projects over the next decade to more than SR400 billion ($106.6 billion) from SR300 billion, its deputy electricity minister said. “Some time (ago) we announced SR300
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Al Meera in deal to boost overseas presence
(Gulf Times
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15/05/2012)
Al Meera Consumer Goods Company, which is fast expanding internationally, is strengthening its brand positioning in the overseas markets. The company has entered into a strategic partnership through a memorandum of understanding (MoU) with Business
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KAMCO logs KD 0.40 million net profit in Q1
(Al Watan
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15/05/2012)
Kuwait Projects Company (KIPCO) Asset Management Company KSC (KAMCO) reported in a press release on Monday, its financial results for the first quarter ended March 31, 2012. The Company recorded a net profit of 0.40 million Kuwaiti dinars with
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Barwa readies its ‘surprise project’ for Cityscape Qatar
(Gulf Times
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15/05/2012)
Barwa Real Estate Company will announce one of its major property developments at the Cityscape Qatar 2012 beginning at the Doha Exhibitions Center on May 23. The company’s deputy CEO Ahmed Abdullah Ali al-Abdullah yesterday said some of the company’s
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Capinnova posts gains despite key challenges
(Gulf Daily News
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15/05/2012)
Capinnova Investment Bank, the Sharia-compliant investment banking arm of the BBK, has reported a net profit of $743,000 for the first quarter of the year against $1.2m for the same period in 2011. Gross revenues were $2.1m in comparison to $2.3m last
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Towers plan scrapped
(Gulf Daily News
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15/05/2012)
Batelco has scrapped plans to sell its transmitter towers in Bahrain and Jordan and will instead look to share infrastructure with rival operators, the company's chief executive said yesterday. In December, a source had said that Batelco was considering
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STC marks Sawa card milestone
(Arab News
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15/05/2012)
Saudi Telecom Company (STC) is celebrating 10 years of Sawa prepaid Sim card’s existence. The company has consolidated its customer base for Sawa cards, which provided a range of convenient bundle services. During this period, SAWA has helped develop
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