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TRA releases Bahrain Q1 broadband analysis (Trade Arabia - 24/04/2012)

The Telecommunications Regulatory Authority (TRA) has released its first quarter 2012 Broadband analysis report on the quality of fixed 2Mbps broadband residential services offered by licensed internet service providers (ISPs) in Bahrain. Ghada Al

DEWA invites consultants to submit proposals for Smart Grid strategy (AME Info - 24/04/2012)

In line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and in accordance with the long-term initiative 'Green Economy for Sustainable Development' launched by HH Sheikh

New user-friendly info systems for Dubai airport (Trade Arabia - 24/04/2012)

Dubai Airports launched today cutting-edge way-finding technology that will put all the information passengers need to navigate their way through the world’s fourth busiest airport at their fingertips. The new portfolio of way-finding technologies, which

Dubai to issue $1 billion Sukuk this week (CPI Financial - 24/04/2012)

The Dubai Government is planning a return to the Islamic debt market this week for the first time since June 2011, with a $1 billion Sukuk sale. The Dubai Government has mandated four banks to arrange the transaction, a senior Government official told

New Jeddah port terminal opened officially (Trade Arabia - 24/04/2012)

Red Sea Gateway Terminal (RSGT), the new container terminal at Jeddah Islamic Port, was officially inaugurated yesterday. It is the first privately funded, build operate and transfer (BOT) port development in Saudi Arabia. The terminal was opened by Dr

Shortlist of bidders for $1.8bn Sohar refinery EPC contract soon (Oman Daily Observer - 24/04/2012)

A much-awaited shortlist of prequalified contractors for the key Engineering-Procurement-Construction (EPC) package of the Sohar Refinery expansion contract will be announced within a month, a top official of Oman Oil Refineries & Petroleum Industries

UAE logistics market ‘seeing top demand’ (Trade Arabia - 24/04/2012)

There is strong demand for high quality warehousing and logistics facilities in the UAE and occupiers are seeking both onshore and free zone ‘build to suit’ developments, said a report. However, they are facing limited supply, particularly in the larger,

DP World shares recover, but remain stuck in the $11 to $12 range (AME Info - 24/04/2012)

The FTSE NASDAQ Dubai UAE 20 Index closed at 1711.19 today, up 0.74%, from the previous close. The index tracks 20 liquid stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism

International Power, Saudi Oger to expand Tihama power plants (Saudi Gazette - 24/04/2012)

INTERNATIONAL Power and Saudi Oger have announced the signing of Energy Conversion Agreements (ECAs) for an expansion of their joint venture Tihama’s power plants in Saudi Arabia. The expansion follows an award from Saudi Aramco. International Power is

Kuwait strikes push up cost of imported food (The National - 24/04/2012)

Strikes by customs officials in Kuwait are likely to have pushed up the cost of imports last month. Food costs rose at their fastest monthly pace in more than a year in March, data from Kuwait's central statistics office showed. As a result, annual

Saudi IT spending set to reach $5.7b by 2014 (Saudi Gazette - 24/04/2012)

Saudi Arabia’s information and communication technology (ICT) market has witnessed significant growth during the past few years with growth across almost every industry verticals. This growth is mainly due to the liberalization of the ICT market, intense

Saudi firms forge new links at world’s largest industrial fair (Arab News - 24/04/2012)

Saudi Industrial Property Authority (MODON) is representing Saudi Arabia this year at the world’s largest industrial fair in Hanover, Germany. Osama Shubokshi, Saudi ambassador to Germany, opened the Kingdom’s pavilion at Hannover Messe. German

Gulf realty firms’ transparency necessary to attract investment (Saudi Gazette - 24/04/2012)

Real estate companies with highly regulated and transparent corporate governance policies can take a leading edge over competitors on the capital markets, attracting a premium on shares of up to 40 percent from investors, an industry expert said Monday

Naseej income tops $11m (Gulf Daily News - 24/04/2012)

Naseej recorded a total income of BD4.1 million ($10.9m) in 2011 compared with BD3.5m the previous year. The Bahrain real estate and infrastructure company is committed to affordable housing. Total expenses increased to BD2.4m from BD1.2m the previous

Saudi banks earn SR6.7b in 2 months (Saudi Gazette - 24/04/2012)

Saudi banks started 2012 on strong footing as they earned nearly SR6.7 billion in the first two months of 2012 on the back of firm economic and lending recovery, the Saudi Arabian Monetary Agency (SAMA) said Monday. The Kingdom’s 12 commercial banks

Kuwait's budget surplus stands at KD 16 billion (Al Watan - 24/04/2012)

Kuwait's public finances data for February, the 11th month of fiscal year (FY) 2011-2012, show a year-on-year (y-o-y) decline in government spending, according to a specialized report prepared by the National Bank of Kuwait (NBK). According to the

Top exhibitors at building and interiors show (Arab News - 24/04/2012)

More than 150 exhibitors are taking part in the annual Saudi building and interiors exhibition in conjunction with Machinery Showcase. The four-day event is being held at the Jeddah Chamber of Commerce and Industry’s Jeddah Center for Forums & Events.

Ideal platform for association (Gulf Daily News - 24/04/2012)

Bahrain Property Developers Association (BaPDA) has announced its participation in gulfBID 2012. BaPDA has consistently demonstrated a keen commitment to effectively support and guide the property development industry, and uphold efforts to rejuvenate it

140 Firms To Showcase Products At Top Expos (Gulf Daily News - 24/04/2012)

The worlds of construction and interiors converge on Bahrain today for one of the most eagerly-anticipated gatherings on the Northern Gulf's trade show calendar. gulfBID and gulfINTERIORS exhibitions - being held concurrently from today to Thursday at

Jeddah offers prospects for more small enterprises (Arab News - 24/04/2012)

The Business Development Center (BDC), an affiliate to Jeddah Chamber of Commerce and Industry (JCCI), is proposing a series of measures that would bring about more chances for local investors to contribute to the Kingdom’s sustainable development. The

Tamkeen backing 100 companies (Gulf Daily News - 24/04/2012)

More than 100 Bahraini companies participating in the gulfBID and gulfINTERIORS exhibitions are benefitting from financial assistance from Tamkeen. As part of the Tarweej scheme, under Tamkeen's Enterprise Development Support Programme, the support comes

Health Water plans 30pc IPO in 2013 (Arab News - 24/04/2012)

Health Water Bottling Co. Ltd, a company owned by the Olayan Group, is planning to go public by issuing 30 percent of its shares in a flotation in the first quarter of 2013, three sources said. Health Water, which was formed in 1973, is planning to raise

Arab world 'needs more courageous investment' (Arab News - 24/04/2012)

A World Economic Forum roundtable co-hosted by Saudi Basic Industries Corporation (SABIC) has ended with a call for action and radical change in the region’s mindset to create more jobs for the nationals. Now more than ever, it is critical “to match

Saudi Aramco’s Karan gas program passes another milestone (Arab News - 24/04/2012)

Saudi Aramco’s Karan gas program passed another milestone with the successful start-up of its gas processing facilities at Khursaniyah, seven weeks ahead of schedule. With one gas-treating train and one sulfur recovery train now fully functional at the

Flydubai launches four-times weekly flights to Sana'a (AME Info - 23/04/2012)

Flydubai, Dubai's innovative low-cost airline, has inaugurated services to its latest destination Sana'a, the capital of Yemen, one of the oldest continuously inhabited cities in the world. Flydubai's inaugural flight, FZ091, departed Dubai Terminal 2 at

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