New surge of multibillion dollar investments in Ajman welcome a new and first of its kind player in the UAE banking sector – Ajman Bank . The bank will be Ajman’s Historic Milestone
Ajman Bank is a new Islamic bank that brings the flexibility of Shariah banking principles and up-to-date banking systems to the United Arab Emirates (UAE). The Bank will operate as a full-fledged Islamic Bank managing various types of deposit accounts in addition to offering a number of tailored products including murabaha, mudarabah, istisna’a, musharaka and ijara and other innovative Islamic products and services that cater to the needs of the local market. Ajman Bank will be the first Shariah based Islamic bank....... full story...
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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 to the Royal Charity Organization in support of university scholarships for distinguished students selected by Royal Charity Organization. RCO will establish and manage Al Salam University Fund for children of needy families, orphans... full story..
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Members of the Dhahran Geological Society got an update on the South Rub’ al-Khali Co. (SRAK), a joint venture of Saudi Aramco and Royal Dutch Shell from Ceri Powell, now vice president of Strategy for Shell International. Powell, an SRAK board member and at the time of the talk Shell International’s vice president of Exploration in the Middle East and Caspian Sea, enumerated the challenges the company faces in those regions and shared the breakthrough...full story...
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Ebrahim Al Rayes – Chief Executive Officer of Bahrain Kuwait Insurance Co. announced that the Company achieved 5.46% increase in net profit - from BD. 2,704,464 in Q2 of this year against BD. 2,564,364 for the same period last year. Underwriting profit increased by 76% from BD. 878,400 in Q2 2007 to BD. 1,547,163 for the same .....full story...
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Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, today announced it has signed an agreement with Jawad Group, Bahrain’s leading supermarket and convenience store operator, to supply convenience stores across the island city resort. The contract will be managed by Durrat Resort Management, Durrat Al Bahrain’s newly formed subsidiary created to deliver a global standard in community development and management. Jawad Group will initially supply two mid-sized, 24 hour convenience stores on two of Durrat Al Bahrain’s residential islands, which will be open and ready for business when the first phase of villas are delivered to homeowners in November...full story...
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Experts discuss region’s growth potential for internet marketing strategies
The latest advances in measuring and optimizing online marketing and the advantages of implementing such strategies in a competitive marketplace were discussed at a seminar on Search Engine Marketing hosted by Dubai Media City, a member of TECOM. Focusing on the details of regional internet usage, experts who led the seminar found Yahoo, Google and MSN as the most preferred search engines, a trend akin to the Western world. However, recently launched language specific search engines. . .full story...
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World Architecture Congress 6 - 9 October, 2008 Dubai International Exhibition Centre
2nd GCC Inflation Challenges Conference 12 October, 2008 Dubai
Naturally Fractured Carbonates Reservoirs Characterization 12 - 16 October, 2008 Sharm El Sheikh
International Islamic Finance Forum 13 - 16 October, 2008 Ciragen Palace, Kempinski Hotel - Istanbul
Arab Telsat 2008 Conference & Exhibition 20 - 22 October, 2008 Oman International Exhibition Centre
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Social Contribution
Shell’s Powell On Rub’ al-Khali 
BKIC ACHIEVES Q-2 NET PROFIT OF BD. 2.7 MILLION 
