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Omani Banks Escape Financial Crisis

The Executive President of the Central Bank of Oman, His Excellency Hamoud Sangour Al Zadjali, gave an exclusive interview to Read more

Economy is A Okay

The world is counting its losses but what about the Middle East? Saudi Arabia is doing quite well considering the situation believes Youssef Al Bassam, the Vice Chairman and Managing Read more

Smart Choices in Tough Times

At a time when many banks were struggling for their survival, BKK achieved remarkable performance by posting BD 27.1 million profit and maintaining liquidity position above 25% of the total Read more

GCC Tackles Global Financial Crisis

Markets across the globe have fallen in October 2008 and GCC markets have not been able to escape this adverse global market impact. Government intervention cannot be avoided for the time being and this has Read more

BREAKING DOWN BARRIERS

Delivering innovative, high quality, risk adjusted, and Sharia’a compliant products Read more

TAKAFUL IN HIGH DEMAND

Takaful’s growth will continue despite all market Read more

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INDUSTRY

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Gulf Salaries Rise By 11.4% - Study

Gulf Salaries Rise By 11.4% - Study

Private sector salaries in the Gulf region increased at an average rate of 11.4% over the last year, according to figures released today by GulfTalent.com, the Middle East’s leading online recruitment...

DIFC”s 1st Report On GCC Monetary Union

DIFC”s 1st Report On GCC Monetary Union

The Dubai International Financial Centre (DIFC) last month released a report assessing the progress being made by GCC countries to achieve the convergence criteria for a GCC Monetary Union (GMU) that...

Social Contribution

In accordance with the vision of Husein Mohamed Salem Al Meeza, Vice Chairman towards the social responsibilities of all the financial institutions; Al Salam Bank-Bahrain has donated a total of $2.016m...

MEI Implements Advanced Solar Heating Solutions In Industrial Sector

Millennium Energy Industries (MEI), a leading MENA region solar solutions company, announced the successful commissioning of advanced solar energy solutions for two major industrial entities. The Jordache...

Masdar Breaks Ground On Photovoltaic Factory In Germany

Less than three months after announcing a strategic investment into thin-film photovoltaics, Masdar, the Abu Dhabi renewable energy company, broke ground on its first photovoltaic production plant in Ichtershausen,...

CPC Invests Dhs100m In Precast Concrete Plant In UAE

CPC To Build New Industrial Complex In The Eastern Region

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FINANCE

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Is Lebanon at a Crossroad?

Observers and diplomats are watching with great concern the tense parliamentary elections in Lebanon, fearing that the outcome of these landmark elections will determine the political and economic future...

R. Seetharaman Conferred Phenomenal Banker Achievers Excellence Award

R. Seetharaman Conferred Phenomenal Banker Achievers Excellence Award

R. Seetharaman, Chief Executive Officer Doha Bank was recently conferred by The President of Mauritius H.E RT. Hon. Sir Anerood Jugnauth G.C.S.K., K.C.M.G., Q.C the prestigious NRI Institute Achievers...

Ajman Bank Hosts Business Community Forum

Ajman Bank, the Emirate’s first Islamic commercial bank, lately hosted its first Annual Business Community Forum under the patronage of HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and...

Three New Directors Join Tharawat

To further boost its forces and believing in the high qualifications of Bahraini citizens and as part of its Bahrainisation drive, Tharawat Investment House (Tharawat), the latest investment house to operate...

Reflections on Sudan’s Economy

Mohammad Ali, General Manager of the Saudi Sudan bank spoke about the effect of the international crisis on Sudan and his opinion on its causes and effect on the global economy. Finally, the GM shed some...

Best Lease made a 1.5 million dinars profit in 2008

Islamic Banks Weather the Storm

ABG Holds its General Meeting, Pulls-off A Surge of 37.1% in Net Profits

Implications Of The Economic Crisis Affecting Islamic Banks

Under The Slogan “on track” Dallah Held Its 7th Executive Forum In Beirut

IDB Group Remains Strong Amidst Financial Crisis

IDB Declares: Not Affected By Financial Crisis

Doha Bank Acheives Sustainable Performance With Ratios

Al Salam Bank Starts Operations In Algeria

BIsB Achieves 84 Percent Increase In Quarterly Profits US$85 Million Profits In Third Quarter 2008

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HEALTH

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The Islamic Development Bank Group and the Global Fund Join Hands to Fight Malaria, AIDS and Tuberculosis (GFATM)

The Islamic Development Bank (TDB) and the Global Fund to Fight Aids, Tuberculosis and Malaria (GFATM) signed recently, in Tehran, a memorandum of understanding to pool their efforts and support activities...

Takaful International Co. Signs Cooperation Agreement

Takaful International Co. Signs Cooperation Agreement

Lately, Takaful International Co. has signed a joint cooperation agreement with Al-Hikma International School According to the agreement, Takaful International Co. provides comprehensive health coverage...

New Expatriate Health Insurance Group Plan

International expatriate insurance specialist William Russell and Dubai Insurance have launched a bespoke international health insurance service for Gulf-based companies with more than 50 expatriate employees...

Social Contribution

In accordance with the vision of Husein Mohamed Salem Al Meeza, Vice Chairman towards the social responsibilities of all the financial institutions; Al Salam Bank-Bahrain has donated a total of $2.016m...

Safe & Sound Announces Campaign Partners For 11th Annual Breast Cancer Awareness Programme

After more than a decade of Safe & Sound, the message of preventing breast cancer and promoting early detection is stronger than ever. BurJuman's Safe and Sound 2008-2009 campaign will see increased community...

Dubai To Host International Conference On Learning Disability In October

Dubai World Reaches Out To Kids With HIV In South Africa

Sheikh Khalifa Medical City Participates In Breast Cancer Awareness Month

Procter & Gamble Asks The UAE To Put Hope, Smiles And Courage On Its Shopping List

Ibn Battuta Mall Launches Unite For Diabetes 2008

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INSURANCE

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t’azur Focuses on Innovation

t’azur Focuses on Innovation

t’azur, the new name in Takaful, focused on product innovation within the Islamic Insurance industry at the World Takaful Conference, which ran from the 14th – 15th April 2009. Headquartered in the...

Best Re’s Modern Tuning

Best Re’s Modern Tuning

The best way to get the best information about the insurance and reinsurance industry was to conduct an interview with Riyad Karray. In his profound observations on Best Re, Riyad Karray, General Manager...

Arig Scores Highest Again

In the current environment of global credit freeze and at a time when listed firms in the Gulf have been struggling to attract capital, regional issuers have surprisingly shown an increasing level of transparency,...

The Strategic Takaful Lead

Majed Akel, General Manager of General Takaful Co. spoke about the reasons why most financial institutions and banks are opening Takaful subsidiaries. Akel also spoke the future of his company’s business...

Going Beyond The Era Of Crisis

Khaled K. Abu Nahel, Chief Operating Officer–Non Life operations was one of the prominent speakers at "The 4th Damascus insurance Forum". He spoke in technical details about the state of the insurance...

Building Momentum in Syria

The BOD At Doha Insurance Elects Sheikh Nawaf Al Thani As Chairman Of The Board Of Directors

Saudi Re For Cooperative Reinsurance Co. Assigned ‘BBB+’ Ratings; Outlook Stable

Extending Network To Sub-Sahara Africa

Takaful International Signs A Cooperation Agreement

Takaful Ramadan Sports Session

Takaful International Donates School Bags To The Bahrain Charity

Doha Insurance Discloses 3rd Quarter Financial Results For The Period Ending September 30, 2008

The United Insurance Receives “Best insurance Co. In Yemen”

Regulation Brings Opportunities In Insurance And Reinsurance In Saudi Arabia

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ENERGY

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Al-Sulaim Ends 33-Year Career

Al-Sulaim Ends 33-Year Career

Capping a 33-year career with Saudi Aramco, executives joined recently to bid farewell to outgoing executive director of Industrial Services Amer A. Al-Sulaim. The Industrial Services organization is...

Kazakh National Oil Company KazMunaiGas Announces Major Presence At ‘Caspian Energy Hub’

Kazakh National Oil Company KazMunaiGas Announces Major Presence At ‘Caspian Energy Hub’

KazMunaiGas (KMG), the national oil company of Kazakhstan today announced its intention to establish a major presence at Caspian Energy Hub (CEH), the fourth in a series of energy cities conceived by leading...

Qatargas Unveils Exhibition

Qatargas unveiled today an interactive exhibition which is open to the public and will explain the process by which liquefied natural gas (LNG) is created. Located on the Corniche, the exhibition will...

Lost City Found

The shifting sands of the Arabian Peninsula hide more than their fair share of secrets. Once, flourishing lakes teeming with life lie buried beneath scorching dunes. Even entire cities have been swallowed...

Riyadh Refinery Tests New Technology

Saudi Aramco industrial facilities often take a beating. Fouling and scaling reduce heat transfer in exchanger tubes and cause corrosion in pipes. That can lead to a loss of production as unplanned shutdowns...

Zipex Lubricants Launched In UAE Market

VLCC Almizan Star Enters Service

Iraq And Shell Sign Agreement On South Iraq Gas

Growing GCC Electricity Demand Poses Future Challenges, Moody's Report

First LNG Loading Outside Qatar For Q-Flex Vessel

Qatargas New LNG Berth Topsides Installed

Qatargas Sponsors Sony Ericsson Tennis Championship

Qatargas Promotes Seat Belt Safety

Qatargas Supports Qatar Postal Corporation

Qatargas And Nakilat Name Five Q-Max LNG Carriers

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REAL ESTATE

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Lebanon’s Properties Still a Solid Investment

Lebanon’s Properties Still a Solid Investment

Lebanon is still sound place for investments despite the gloomy economic outlook around the world as a result of the global economic recession. This is one of the views echoed by a leading Arab investor...

UAE Minister Of Foreign Trade Heads Discussions On Investment Opportunities In The UAE And Russia

UAE Minister of Foreign Trade H.E. Sheikha Lubna Bint Khalid Al Qasimi headed a meeting on investment opportunities available in Russia and the UAE participated in by her accompanying trade and economic...

Solidere International Participates In Down Town Jeddah Reconstruction

The Jeddah Municipality has signed a memorandum to enhance the city’s central district with an alliance of international and development companies. The project will encompass an area of 6 million m2,...

Jumeirah To Manage Luxury Hotel In Business District Of Guangzhou, China

The Jumeirah Guangzhou Hotel, Jumeirah Group’s second hotel to be signed in China, was announced at a ceremony held in Guangzhou and attended by Mr Su Meng, President of the GT Land and Mr Gerald Lawless,...

Will UAE’s Residential Service Fees Double?

Homeowners in Dubai have seen service charges for communal areas almost double in 2008. Developers have blamed this on the inflationary pressures being felt in the markets as the cost of raw materials...

Connection Real Estate Announces 1st LEED Platinum Mixed-Use Towers In The Middle East At Cityscape Dubai 2008

Solidere International To Showcase Progress Of Dhs220bn Al Zorah At Cityscape Dubai

Oman To Invest $5bn In Domestic Steel Industry In 2008

Tameer's Eye Park Pioneers Sustainable Development In Dubailand

Boris Becker And ACI Launch Dhs3bn 'Green' Beach Resort & Tennis Academy

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TECHNOLOGY

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ICDL KSA supports Kingdom’s Efforts to Promote Digital Literacy in Education Sector

ICDL Saudi Arabia, the governing body and certification authority of the International Computer Driving License (ICDL) programme in the Kingdom of Saudi Arabia (KSA), has announced that it is complementing...

Etisalat to Invest $1B in India

The Emirates telecommunication Corporation, Etisalat, announced its plan to invest up to $1B in India in 2009. It is worth noting that the company approved a35% dividend in the second half of 2008, raising...

Gulf IT Market To Cross AED 44 Billion By 2011

The Gulf information technology (IT) market is expected to cross AED 44 billion by 2011, representing a growth of almost 12 per cent, according to the latest IDC reports. In line with its aims to leverage...

Microsoft Gulf And Qatar Ministry Of Economy Collaborate On Raid Against Local Computer Reseller

PC loaded with pirated Microsoft® Windows® XP software seized; highlights zero-tolerance government anti-piracy policy Microsoft Gulf, in collaboration with the Qatar Ministry of Economy,

Kingdom Of Saudi Arabia Strengthens Copyright Anti Piracy Efforts In The Region

The Ministry of Culture and Information (MoCI) in the Kingdom of Saudi Arabia (KSA) has started the implementation of a number of major anti-piracy measures in a move intended to establish the Kingdom...

Alcatel-Lucent Signs Contract To Build The Atlantic-Mediterranean Segment Of Europe India Gateway

Al Habtoor Motors Waits Arrival Of 2009 Mitsubishi Lancer Evolution X

BenQ Launches Dual-Lamp SP920 DLP Projector

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TRAVEL & TOURISM

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Dubai International’s Terminal 2 Undergoes Major Refurbishment

Terminal 2 at Dubai International has undergone a major refurbishment, extending check-in and boarding facilities, revitalising the interior and exterior décor, plus offering more dining choices, to give...

Dubai Airports Successfully Concludes Operational Testing Of Terminal 3

Dubai Airports Successfully Concludes Operational Testing Of Terminal 3

The successful exercise paves the way for the phased transition of operations to the new terminal, beginning 14th October. The phased opening of the terminal, which is dedicated to Emirates, will be implemented...

Dubai Airports To Start First Phase Of Operations at T3 From Oct 14

Dubai Airports has announced that a phased transition of operations to Dubai International’s new Terminal 3 will start from October 14, 2008. The ‘soft’ opening will be implemented in four phases,...

Etihad, Sri Lankan Expand Agreement

Etihad Airways is to provide customers with access to the the Maldives following an extension of its existing codeshare agreement with Sri Lankan Airlines.

Etihad Passenger Numbers Up 35%

Etihad Airways has reported a 35% rise in passenger numbers in the first nine months of this year compared to the same period last year. The Abu Dhabi-based airline carried 4.4 million passengers across...

Emirates Says Expansion Will Continue

Fuel Costs Reach 49% Of RJ Total Operational Costs In August 2008

MENA To Bypass Airline Gloom With Low Cost Boom

Emirates Terminal 3 Geared For Growth

Global Passenger Survey Highlights Explosive Growth In Self-Service But Baggage Is Next Challenge

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EDUCATION

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ICDL KSA supports Kingdom’s Efforts to Promote Digital Literacy in Education Sector

ICDL Saudi Arabia, the governing body and certification authority of the International Computer Driving License (ICDL) programme in the Kingdom of Saudi Arabia (KSA), has announced that it is complementing...

SAS Launches Unique Solutions To Boost Development Of Education Sector In The UAE

SAS Launches Unique Solutions To Boost Development Of Education Sector In The UAE

SAS, the leading provider of business intelligence and analytic software and services, has announced the launch of ‘SAS Curriculum Pathways’ and ‘SAS Enterprise Intelligence Suite for Education’...

Doha Bank Announces GCC Bizquiz 2008-2009 Series

Doha Bank announced conducting corporate quiz across the GCC states. This new initiative has made Doha Bank, the first Middle East financial institution to increase the interest of the region’s professionals...

Social Contribution

In accordance with the vision of Husein Mohamed Salem Al Meeza, Vice Chairman towards the social responsibilities of all the financial institutions; Al Salam Bank-Bahrain has donated a total of $2.016m...

Innovation Centre Heralds Bold New Era For Middle East Telecommunications Research

Etisalat, BT and Khalifa University of Science, Technology and Research (KUSTAR) announced the signing of a landmark contract to create the Middle East's first international centre for telecommunications...

AUD Grants $26m In Scholarships To Media And Journalism Students At Its Mohammed Bin Rashid School For Communication

Queen's School Of Business Organizes Courses In Sales Management In Abu Dhabi and Dubai

AUB President Speaks At The University's Inaugural Ceremony

Bidaya Programme Hosts Induction And Rewards Outstanding Emirati Students

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