Air Arabia named world's second best performing airline
(AME Info
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14/07/2012)
Air Arabia, the Middle East and North Africa's first and largest low-cost carrier, has been ranked as the world's second beast performing airline in a study by Aviation Week, the leading global aviation magazine. The Top-Performing Airlines (TPA) Study
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Sharjah Islamic Bank launches 'Mehnati' training program
(AME Info
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14/07/2012)
Sharjah Islamic Bank (SIB) launched on Sunday 'Mehnati' Training Program for the seventh consecutive year with the participation of 15 students from UAE colleges and universities as part of the summer training program 2012. Mehnati is a short- term
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Dar al-Arkan transfers $1bn sukuk funds
(Reuters
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14/07/2012)
Saudi builder Dar al-Arkan Real Estate Company has transferred $1 billion to Deutsche Bank to repay its Islamic bond (sukuk), the firm said in a bourse statement on Saturday. 'Dar al-Arkan transferred the total principal sum to Deutsche Bank, the
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Safco Q2 net profit down 0.8pc
(Reuters
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14/07/2012)
Saudi Arabian Fertilizers Company (Safco) on Saturday said its second quarter net profit fell 0.8 per cent to SR784 million ($209 million), compared with SR790 million during the same period a year earlier. The results missed expectations, with 10
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RAK Properties launches summer promotions for new customers
(AME Info
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14/07/2012)
RAK Properties (PJSC), Ras Al Khaimah's biggest property developer listed on Abu Dhabi Stock Exchange, has launched a promotional programme for new purchasers of residential and commercial units in Mina Al Arab and Julfar Towers. The offer is designed to
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Jazeera Airways ranks #1 in on-time performance in Middle East in Q2
(AME Info
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14/07/2012)
Award-winning Jazeera Airways announced that it ranked the highest in on-time performance (OTP) in the Middle East in the second quarter of 2012, as measured by FlightStats, the US-based global OTP tracker. Jazeera Airways' OTP for the second quarter was
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du announces five year network managed services agreement with Huawei
(Press Release
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14/07/2012)
Underscoring its commitment to taking its customers’ services experience to the next level, du, one of the fastest-growing telecoms in the Middle East, has announced a new five year network managed services agreement with Huawei, a leading global ICT
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Deals of the Week: Emirates NBD ties up with RTA for transport offers
(The National
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14/07/2012)
If you are a frequent user of Dubai's public transport system, then Emirates NBD's Go4it Visa gold debit card could be for you. The debit card, launched in collaboration with the Roads and Transport Authority (RTA), is the first of its kind in the region
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ALAFCO pledges to buy 20 B737 MAXs
(Saudi Gazette
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14/07/2012)
ALAFCO’s Chairman and CEO Ahmad Alzabin (right), and Ray Conner, president and CEO of Boeing Commercial Airplanes make the announcement at the 2012 Farnborough Airshow. BOEING and Kuwait airplane leasing company ALAFCO entered into a commitment at the
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Jazeera Airways lifts flights to Jeddah during Ramadan
(Saudi Gazette
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14/07/2012)
Jazeera Airways will increase frequency on the Kuwait-Jeddah route from six to t10en flights a week from July 22 to August 9, to serve the increasing flow of Umrah travelers from Kuwait visiting the holy city of Makkah. Jazeera Airways operates a
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NCB top ME bank in terms of ‘solvency’
(Saudi Gazette
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14/07/2012)
In another confirmation of its leading position at all levels nationally, regionally and internationally, the National Commercial Bank (NCB) once again topped in the Middle East in terms of solvency "Tier 1 Capital", which is one of the most important
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STC ranks first in social networking
(Saudi Gazette
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14/07/2012)
Saudi Telecom Company (STC) has proven its merit in keeping up with the technological developments in Saudi Arabia. It has become a leader in the telecommunication industry, as evident by its clear influence on social networking. By employing this very
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Du launches new celebrity service
(Khaleej Times
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14/07/2012)
Du customers will be the first in the region to get the chance to talk to their favourite celebrities on their mobile phone with the launch of the Talk to the Stars service, giving users an opportunity to get in touch with music, movie and sports
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Etisalat chief's ouster to herald foreign strategy shift
(Reuters
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13/07/2012)
When Etisalat replaced its veteran chairman last week, he became the latest casualty of a multi-billion dollar foreign expansion which has failed to translate into profits and may prompt it to sell overseas assets to offset a decline in income, said
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Batelco launches Samm3ni for mobile
(AME Info
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13/07/2012)
Batelco has signed a deal with Rotana to gain exclusive rights to Rotana content including Rotana's music library. Batelco, as the Kingdom's leading mobile services provider is delighted to add "Samma3ni" exciting new service, which features the latest
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Emaar sees strong demand for sukuk
(Reuters
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13/07/2012)
Emaar Properties saw strong demand for a $ 500 million seven-year sukuk, priced yesterday, arranging banks said, in the latest sign that investor confidence in Dubai is returning as state-owned firms repay their debts. Orders worth $ 4.65 billion were
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Masraf Al Rayan seeks shareholders approval
(Gulf Times
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13/07/2012)
Masraf Al Rayan, the Qatari Islamic lender, said it will seek shareholders’ approval to buy 70% of the Islamic Bank of Britain, according to a statement to the Qatar bourse yesterday. The rest will be bought by the government of Qatar, it said in an
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Gulf Bank names Al Danah winner
(Trade Arabia
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12/07/2012)
Gulf Bank has announced Moudhi Abdullah Al-Khamees as the Al Danah second quarterly winner for KD250,000 ($889,205.15). He was annouced the winner during a special live event hosted by the Dewaniya show on 88.8 Marina FM. In addition to the opportunity
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NBB records net profit of BD25.10m for first half of 2012
(AME Info
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12/07/2012)
National Bank of Bahrain (NBB) recorded a net profit of BD25.10m ($66.76m) for the six months ended 30 June 2012 compared to BD24.09m ($64.07m) for the corresponding period of the previous year, an increase of 4.2 %. This is after setting aside BD6.06m
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STC offers a free subscription to Shashti package
(AME Info
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12/07/2012)
STC introduced a new offer for people interested in subscribing to its popular "Shashti - series" package. The package, which is aimed at movie-lovers, is part of Invision's services and is offered to clients free of charge for one month. The offer
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Du offers chance to talk to celebrities
(Trade Arabia
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12/07/2012)
Du, a leading telecom service provider in the UAE, has launched a service which offers customers an opportunity to talk to their favourite celebrities from their mobile phone. A line-up of celebrities from the fields of music, movies and sports from
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Batelco seals Rotana content deal
(Trade Arabia
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12/07/2012)
Bahrain telecoms operator Batelco has inked a deal with leading producer and distributor of Arabic music and films Rotana to gain exclusive rights to its content including the music library, said a top official. Batelco in tie-up with Rotana will be
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VIVA honors excelling high school students
(AME Info
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12/07/2012)
VIVA, Kuwait's advanced mobile telecommunications service provider, honored the top ten high school students who achieved outstanding results in the final examinations this year. VIVA congratulated the students and is proud of the efforts they have put
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NBAD gives MasterCard cardholders chance to win big
(AME Info
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12/07/2012)
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has started a promotion that allows NBAD cardholders to win sports utility vehicles (SUV) or luxury travel packages to one of the top destinations in the world. The NBAD Overseas
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ADSB builds new missile boat for UAE Navy
(Trade Arabia
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12/07/2012)
Abu Dhabi Ship Building, a leading shipbuilder and naval support services provider in the region, has launched its first indigenously-built Ghannatha Missile Boat for the UAE Navy. The Ghannatha Phase II program was awarded to ADSB in 2009 under which
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