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| Al-Futtaim signs Dh6b deal |
| Source : Khaleej Times |
| Date : 2010-09-06 |
| Al-Futtaim, one of the biggest family-owned enterprises in the region, on Sunday signed a Dh6 billion ($ 1.6 billion) agreement with Qatar Islamic Bank and Aqar Real Estate Investment to... |
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| SIV acquires majority stake in Sahara Net |
| Source : Arab News |
| Date : 2010-09-06 |
| The Dutch investment firm Sahara International Ventures NV (SIV) has acquired a majority stake in Saudi Arabia's leading Internet service provider, Sahara Net, for an undisclosed figure.... |
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| Alba gives $79m profit to shareholders |
| Source : Arab News |
| Date : 2010-09-06 |
| Aluminium Bahrain (Alba), the world's one of the largest smelters, has performed exceedingly well with the profits for the first half of the year by surpassing the target of $... |
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| Oman-India fund corpus to touch $1.5b: Sharma |
| Source : Oman Tribune |
| Date : 2010-09-06 |
| Oman and India will raise the corpus of the India-Oman Joint Investment Fund from $100 million to $1.5 billion, said the Commerce and Industry Minister of India Anand Sharma on... |
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| Al Salam Bank in $59m property refinance deal |
| Source : Gulf Daily News |
| Date : 2010-09-06 |
| Al Salam Bank-Bahrain has provided £38 million ($59m) in a unique Sharia-compliant mezzanine facility to refinance London's Canary Wharf.... |
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| Mobily partners with Carrefour |
| Source : Arab News |
| Date : 2010-09-06 |
| Etihad Etisalat (Mobily) has signed a new strategic deal with Carrefour in Saudi Arabia to bolster its renowned Neqaty loyalty program. Mobily's Chief Marketing Officer David Murphy and Carrefour's CEO... |
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| Yemen to offer hydrocarbon blocks for exploration in October |
| Source : Gulf Times |
| Date : 2010-09-06 |
| Yemen plans to offer next month the rights to develop 15 offshore hydrocarbon blocks as the smallest producer on the Arabian Peninsula seeks to boost production, Oil Minister Amir al-Aidarous... |
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| Qatar to supply 150 megawatts of electricity to Bahrain |
| Source : The Peninsula |
| Date : 2010-09-06 |
| Qatar will supply 150 megawatts (MW) of electricity to neighbouring Bahrain with the supply lasting from 3pm to 5pm, Al Sharq reported yesterday, quoting the Saudi News Agency.... |
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| Iraq cuts fuel product supplies to Kurdish region |
| Source : The Peninsula |
| Date : 2010-09-06 |
| Iraq’s Oil Ministry has cut supplies of some fuel products to the northern Kurdish region by 50 percent in response to the Kurds selling what they say is excess kerosene,... |
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| Positive news on Agility buoys Kuwait equities |
| Source : Kuwait Times |
| Date : 2010-09-06 |
| Kuwait stocks enjoyed upward momentum yesterday, backed by positive news from Agility. A US judge's report favors the logistics firm. Agility climbed 5.6 percent to its highest level since August... |
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| Oman, India to boost industrial relations |
| Source : Times of Oman |
| Date : 2010-09-06 |
| Oman and India have agreed to enhance bilateral investment and economic cooperation in a wide range of mutually beneficial areas.... |
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| DFM up 2.7% on global recovery hopes; volumes cross 100m mark |
| Source : Khaleej Times |
| Date : 2010-09-06 |
| UAE bourses on Sunday surged ahead of Eid holidays on positive sentiment about the global economic recovery. Dubai Financial Market rose the most in more than two months as investors... |
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| Doha set to get QR6bn retail centre |
| Source : Gulf Times |
| Date : 2010-09-06 |
| Qatar’s “largest” entertainment and retail complex, a QR6bn joint venture between Al-Futtaim, Qatar Islamic Bank (QIB) and Aqar Real Estate Investment, is to come up in the north of Doha.... |
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| Qatar bourse to link up with global markets |
| Source : Gulf Times |
| Date : 2010-09-06 |
| Investors in Qatar will soon be able to trade in European and American bourses with the Doha stock exchange linking up with international markets by early next year. The move... |
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| Al Mazaya listed among top GCC companies |
| Source : Gulf Today |
| Date : 2010-09-06 |
| In recognition to its real estate milestones during the global economic crisis and its mega projects inside Kuwait and overseas, Al Mazaya Holding was listed among the GCC’s top 50... |
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| Dubai stocks surge, lead Middle East rally |
| Source : Gulf Today |
| Date : 2010-09-06 |
| Dubai shares rose the most in more than two months, leading a Middle East rally, after growth in US private employment fueled optimism that the world’s biggest economy will avoid... |
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| DWG to offer special incentives to banks |
| Source : Gulf Today |
| Date : 2010-09-06 |
| Dubai World Group (DWG) would offer special incentives to the banks which would accept its offer to restructure its debts by the initial date given for receiving the responses of... |
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| Watani names new DG |
| Source : Khaleej Times |
| Date : 2010-09-06 |
| Watani, the UAE’s unique celebration of national identity, has announced the appointment of Yousef Al Shara as its new Director-General. The move comes as part of the efforts of the... |
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| Abu Dhabi Motors opens new Quick Service Centre |
| Source : Khaleej Times |
| Date : 2010-09-06 |
| Abu Dhabi Motors, the exclusive importer for BMW, BMW Alpina, MINI and the authorised Rolls-Royce Motor Cars dealer in Abu Dhabi and Al Ain, on Sunday announced the expansion of... |
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| Pak banks’ profits up but NPLs stay high in H1 |
| Source : Khaleej Times |
| Date : 2010-09-06 |
| Commercial banks’ profits have risen sharply, after two comparatively less attractive years, the latest business analysis indicate. But the overall amount of Non-Performing Loans (NPLs) stays high, too.... |
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