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L’azurde to double number of shops by 2018
(Arab News - 30/06/2016)

Saudi Arabia’s L’azurde Company for Jewellery, which surged on its trading debut in Riyadh on Wednesday, plans to almost double the number of its branches in the Middle East and North Africa by 2018. CEO Selim Chidiac said that market conditions in Saudi

Prince Saud Bin Naif honors Sipchem for its support to KANAF
(Saudi Gazette - 30/06/2016)

Prince Saud Bin Naif Bin Abdulaziz, Governor of Eastern Province, honored Sipchem for its continuous support to KANAF Social Charity of Orphans during the inauguration of KANAF. Sipchem’s CEO Eng. Ahmad A. Al-Ohali received the recognition trophy from

L’azurde listed on Tadawul
(Saudi Gazette - 30/06/2016)

Investcorp, a global provider and manager of alternative investment products, on Wednesday announced the successful listing of its Gulf Opportunity Fund I portfolio company L’azurde Company for Jewellery on the Saudi Stock Exchange. L’azurde is the first

Mobily adds Maher Zain new album to its library
(Saudi Gazette - 30/06/2016)

Etihad Etisalat (Mobily) added the album of Maher Zain to its content library, allowing all its subscribers to add the chants of this album to (Ranan) and other content services of Mobily. This came as a result of Mobily’s cooperation agreement signed

Al Khaliji France hosts networking event in Paris
(Gulf Times - 30/06/2016)

Al Khaliji France, a subsidiary of Al Khalij Commercial Bank (Al Khaliji), recently hosted a business networking event at the bank’s headquarters in Avenue George V, Paris. A number of dignitaries and VIP guests were present, including Sheikh Meshal bin

Ooredoo and Qatar Chamber sign cooperation agreement
(The Peninsula - 30/06/2016)

Ooredoo and the Qatar Chamber (QC) yesterday signed a major cooperation agreement that will see the two organisations work together to better represent Qatar’s business community and support the Qatar National Vision 2030. The agreement was signed by

Abu Dhabi Ports, Agthia Group ink 25-year lease agreement
(The Gulf Today - 30/06/2016)

Abu Dhabi Ports (ADP) and Agthia Group have signed a lease agreement aimed at expanding the Group’s existing ‘Grand Mills Flour and Animal Feed’ facilities at Zayed Port. The new agreement was signed by Captain Mohamed Juma Al Shamisi, Chief Executive

Ooredoo and Qatar Chamber sign cooperation agreement
(Oman Daily Observer - 30/06/2016)

Ooredoo and the Qatar Chamber (QC) yesterday signed a major cooperation agreement that will see the two organisations work together to better represent Qatar’s business community and support the Qatar National Vision 2030. The agreement was signed by

Investcorp acquires cyber security firm
(Trade Arabia - 29/06/2016)

Bahrain-based Investcorp, an alternative investment manager, yesterday announced it is acquiring Coresec Systems AB, one of the largest managed cyber security ?service providers in Scandinavia, reported the Gulf Daily News,our sister publicat

Aldar sees success for UAE community project
(Trade Arabia - 29/06/2016)

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said that with over 70 per cent of its 100 retail units occupied and operational, Al Falah is emerging as a major community destination, and one of the most sought-after national

AUB offers special safety deposit boxes–Initiative includes diversifid
(Arab Times - 29/06/2016)

Ahli United Bank (AUB) announced today that it is offering customers the chance to book their special safety deposit boxes to safely place their items of value. The service is part of the Bank’s preparations to accommodate customers’ needs throughout the

Bahrain Liquidity Fund’s seed investors revealed-SICO
(Saudi Gazette - 29/06/2016)

Securities & Investment Company (SICO), the Investment Manager for the Bahrain Liquidity Fund, announced Tuesday the names of the seed investors in this newly-launched fund. The four seed investors, who are prominent Bahrain-based financial institutions,

SABIC and Saudi Aramco agree to study oil-to-chemicals project
(Arab News - 29/06/2016)

Saudi Aramco and Saudi Arabian Basic Industries Corporation (SABIC) have signed a heads of agreement to conduct a feasibility study on the development of a fully integrated crude oil-to-chemicals complex to be located in Saudi Arabia. The heads of

Bank Muscat ‘Ramadhan Al Khair’ programmes gain momentum
(Oman Daily Observer - 28/06/2016)

The month-long Ramadhan events organised by Bank Muscat, the flagship financial services provider in the Sultanate, under the banner of ‘Ramadhan Al Khair’ to benefit different segments of society has gained momentum. In a unique gesture, the bank

Masraf Al Rayan holds second EGM
(Gulf Times - 28/06/2016)

Masraf Al Rayan held its second extraordinary general assembly meeting on Sunday during which the bank’s shareholders approved some resolutions. The bank’s EGM approved the amendments introduced to the Articles of Association, which is authenticated

Emirates NBD app links to Smart Dubai Happiness meter
(Trade Arabia - 28/06/2016)

Emirates NBD, a leading banking group in the region, recently announced the linking of its mobile banking app to the Dubai government’s Smart Dubai Happiness Meter. The Smart Dubai Happiness Meter is a scientific approach to measuring happiness. Emirates

Bahrain Duty Free plans $15.8m expansion
(Trade Arabia - 28/06/2016)

Bahrain Duty Free Shop Complex plans to make an investment of BD6 million ($15.8 million) for a nearly three-fold expansion of its footprint at Bahrain International Airport (BIA), reported the Gulf Daily News, our sister publication.

Emaar awards Dh1bn contract for Phase 2 of Mira townhouses in Dubai
(Emirates 24|7 - 28/06/2016)

Dubai-based master developer Emaar Properties has awarded a Dh1 billion contract for building almost 1,400 townhouses to the Abu Dhabi-based Trojan General Contracting (TGC), the latter said in a media statement today. The contract covers the

Crescent and Dana sees $11b Kurdish gas claim resolved this year
(Gulfnews - 28/06/2016)

Crescent Petroleum Co, an oil and natural gas producer from Egypt to the UAE, expects by the end of this year to resolve an $11 billion (Dh40.4 billion) arbitration case against the Kurdistan Regional Government in Iraq. The Sharjah-based company is

Mashreq appoints ACC to build new Downtown Dubai headquarters
(The National - 28/06/2016)

The Dubai-based bank Mashreq has appointed Arabian Construction Company (ACC) to build its new headquarters building in Downtown Dubai. Mashreq will relocate from its current base near the Al Ghurair Centre in Deira to the new site at the junction of

YIACO Medical announces new partnership with Nihon Kohden
(Arab Times - 28/06/2016)

In line with its continued commitment to improving the overall quality of healthcare in the country, YIACO Medical Company, one of the leading healthcare networks in Kuwait, announced its recent partnership with Nihon Kohden, the leading manufacturer of

DAMAC bags 25 contracts worth AED3 billion in first half of 2016
(Saudi Gazette - 28/06/2016)

DAMAC Properties announced Sunday that it awarded 25 construction and consultancy contracts worth AED3 billion in the first half of 2016. Contract awarded include the main packages for more than 2,678 villas within its luxury lifestyle community; AKOYA

Investcorp agrees to buy Coresec Systems
(Saudi Gazette - 28/06/2016)

Investcorp, a global provider and manager of alternative investment products, together with its portfolio company SecureLink Group NV, announced on Monday an agreement to acquire one of Scandinavia’s largest managed cyber security ?service providers,

Mobily launches iftar initiative for orphans
(Saudi Gazette - 28/06/2016)

Mobily launches iftar initiative for orphans launched Iftar initiative with Orphans Welfare Societies where its staff participated in Iftar with Orphans Societies (Ikhaa & Ensan). This initiative is brought according to charity methodology that Islam

Zain Bahrain launches mobile deal for social media
(Trade Arabia - 27/06/2016)

Zain Bahrain, a leading telecom operator in Bahrain, has launched its new postpaid packages for mobiles, which allows customers to consume social media applications without any data charges beyond their initial subscriptions. The new ‘Truly Unlimited