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Sharjah Ruler pledges to end emirate's power crisis
Source : Khaleej Times  
Date : 2014-07-25
Dr Shaikh Sultan also issued an order to sack the officials concerned at the Sharjah Electricity and Water Authority (Sewa) for failing to solve the issue....
Fashion giant R&B set to launch 150 stores in GCC
Source : Arab News  
Date : 2014-07-25
The Dubai-based giant Apparel Group’s fashion arm R&B, most recognized for its exciting portfolio of international fashion and accessories brands, brings yet another dynamic fashion chain to the Kingdom by...
Sulaibikhat power transformer station exceeds KD 10 mln
Source : Kuwait News Agency  
Date : 2014-07-25
Costs of the main power transformer station north west of Sulaibikhat have exceeded KD 10 million (US 35.37 million), Minister of Public Works and Minister of Electricity and Water Abdulaziz...
Our financial institutions and social responsibility
Source : Saudi Gazette  
Date : 2014-07-25
At the end of every three months, we read quarterly reports about the astronomical profits achieved by our banks and financial institutions. These profits are growing up quarter after quarter...
Dubai International handles 34.67 million passengers in first half
Source : Khaleej Times  
Date : 2014-07-25
Passenger traffic at Dubai International rose 6.2 per cent to 34.67 million in first half of 2014 despite a runway refurbishment programme that reduced the airport to a one-runway operation...
Du Q2 revenue surges 13.7% to Dh3.02 billion
Source : Khaleej Times  
Date : 2014-07-25
Emirates Integrated Telecommunications Company, or du, on Thursday reported second quarter revenues of Dh3.02 billion, a 13.7 per cent increase on the same 2013 quarter....
Aramex records 7% jump in H1 revenues
and 13% rise in profits
Source : Khaleej Times  
Date : 2014-07-25
Logistics and transportation firm Aramex has announced record growth for the first half, with revenues up seven per cent and profits rising 
13 per cent....
Takaful's Q2 earnings fall on higher claims
Source : Khaleej Times  
Date : 2014-07-25
Abu Dhabi National Takaful Company, or Takaful, profits dropped 24 per cent to Dh15 million during the quarter ended 30 June, 2014, due to higher claims....
RAKBank in talks to acquire RAK National Insurance
Source : Khaleej Times  
Date : 2014-07-25
National Bank of Ras Al Khaimah said on Thursday it was looking to acquire a majority stake in a listed insurance company in the emirate, a rare example of a...
Bank of Sharjah posts 6% rise in H1 profit
Source : Khaleej Times  
Date : 2014-07-25
Bank of Sharjah’s net profit for the first half increased six per cent to reach Dh152 million, as the bank continued to grow its loan book while maintaining a solid...
Taqa pulls out of India power plant deal with Jaiprakash
Source : Khaleej Times  
Date : 2014-07-25
An Abu Dhabi-led consortium is pulling out of a $1.6 billion deal to buy two hydroelectric power plants from Jaiprakash Power Ventures Ltd , dealing a blow to the Indian...
Tabreed's profits grow 17% in first half of 2014
Source : Khaleej Times  
Date : 2014-07-25
District cooling company National Central Cooling Company (Tabreed) saw net profit grow 17 per cent in the six months ended June 30....
Agthia first-half sales soar 21%
on higher sales, profit margins
Source : Khaleej Times  
Date : 2014-07-25
Abu Dhabi’s food and beverage giant, Agthia Group’s net profit grew 21 per cent in the first six months of the year, driven primarily by higher sales and an overall...
Emirates NBD net profit 
up 30% to Dh2.35 billion
Source : Khaleej Times  
Date : 2014-07-25
Emirates NBD, the largest bank in the UAE by total income and branch network, on Thursday announced a net profit upsurge of 30 per cent to Dh2.35 billion in the...
Saudi Arabia accelerates reform push with market opening 
Source : Arab News  
Date : 2014-07-25
Saudi Arabia's decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher...
Qatar bourse tumbles on lacklustre earnings
Source : The Peninsula  
Date : 2014-07-25
Qatar bourse tumbled yesterday on weaker-than expected company earnings, coupled by heavy sell-off by local retail investors ahead of Eid holidays....
Etisalat-du network sharing deal on way
Source : Arab News  
Date : 2014-07-25
Du, the UAE’s second biggest telecoms operator, expects to offer Internet-based phone calls and broadband services across the country before the year-end in a network sharing deal with Etisalat that...
Large turnout at Jaalan Bani Bu Ali Habta market
Source : Oman Daily Observer  
Date : 2014-07-25
Jaalan Bani Bu Ali in Al Sharqiyah South Governorate attracted heavy activity at the Eid Habta market yesterday on the 26th day of Ramadhan due to the forthcoming Eid festival....
Report: Iran Air, Boeing ink deal on plane parts
Source : Islamic Republic News Agency  
Date : 2014-07-25
Aerospace giant Boeing has signed a deal with Iran Air to provide the Iranian national flag carrier airline with plane parts, media reports said....
KD 662 mln to build 3 collection centres north of Kuwait
Source : Kuwait News Agency  
Date : 2014-07-25
The Kuwait Oil Company (KOC) on Thursday signed contracts worth KD 662 million (USD 2.342 billion) to build three collection centres in the company's areas of operations north of Kuwait,...
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