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Kafalah's role focus of Riyadh conference
Source : Arab News  
Date : 2013-05-14
The vital role of Saudi banks is one of the main themes to be discussed at the Saudi International SME Forum, which will be held with the support of Finance...
New Independent Water Project in Duqm by 2018
Source : Oman Daily Observer  
Date : 2013-05-14
The potable water requirements of a massive industrial hub and urban township envisioned at Duqm in Wusta Governorate will be met by a new Independent Water Project (IWP), according to...
Air Arabia Q1 net profit rises 20% to AED 59 m
Source : Arab News  
Date : 2013-05-14
Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, has announced its financial results for the three months ending March 31, 2013, demonstrating the...
ahlibank to launch Oman's first sharia-compliant fund
Source : Oman Daily Observer  
Date : 2013-05-14
Al Hilal MENA Fund (AHMF), an open-ended fund based on the Mudaraba structure, operating in accordance with the principles of sharia, will be launched by ahlibank on May 22, 2013....
SR 550 million iron ore factory planned in Jazan
Source : Arab News  
Date : 2013-05-14
The first factory for Alalimat and titanium dioxide smelter metal is to be set up at the Jazan Economic City in the south of the Kingdom at a cost of...
Capital augmentation plan to benefit small and medium enterprises
Source : Oman Daily Observer  
Date : 2013-05-14
Bank Muscat, the flagship financial services provider in the Sultanate, yesterday announced the completion of RO 75 million private placement transaction with International Finance Corporation (IFC), a member of the...
Allocate 5 per cent of bank credit to SMEs in Oman
Source : Oman Daily Observer  
Date : 2013-05-14
The Central Bank of Oman (CBO) urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises (SMEs)....
UAE tops in GCC with $ 16.2b construction deals last year
Source : Khaleej Times  
Date : 2013-05-14
The UAE has outpaced Saudi Arabia as the largest construction market with contracts awarded valued at $ 16.2 billion in the GCC in 2012....
Kuwait trade surplus to shrink 10.3% to $ 88.3 bn
Source : Arab News  
Date : 2013-05-14
Kuwait GDP is estimated to grow by 1.1 percent in 2013 as oil prices and production stabilizes, exports remain subdued, and government expenditure slows down, according to Global Investment House's...
GCC foreign assets to hit $ 2.5t
Source : Khaleej Times  
Date : 2013-05-14
Economic growth in the GCC is poised to moderate, but net foreign assets of the six-member bloc are projected to exceed $ 2.5 trillion by the end of 2013, the...
CMA plans new rules on losses, share prices
Source : Arab News  
Date : 2013-05-14
The Capital Market Authority (CMA) has begun consultations that could change how closing share prices are calculated and how long listed firms can trade with large accumulated losses, part of...
Dammam port can withstand tremors, says director general
Source : Arab News  
Date : 2013-05-13
Director-General of King Abdul Aziz Port in Dammam, Naeem Al-Naeem, assured officials that the port can withstand tremors. This came in answer to queries about the Saudi port in the...
Al-Rabeeah invites global medical firms to open offices in Saudia
Source : Arab News  
Date : 2013-05-13
Global medical companies and health care providers should open their regional offices in the Kingdom to take part in upcoming local projects, said Health Minister Dr. Abdullah Al-Rabeeah during his...
No decision on Saudi tourists, says Jakarta
Source : Arab News  
Date : 2013-05-13
An official at the passports and consular section at the Indonesian Embassy said that the embassy has not yet received direction concerning travel arrangements for Saudi tourists to Jakarta....
SICO posts first quarter net profit of $2.7m
Source : Gulf Daily News  
Date : 2013-05-13
Securities & Investment Company (SICO) has reported a net profit of BD1.02 million ($2.7m) for the first quarter of this year, compared to BD1.58m in the same period last year....
Bank signs new accord in retail business push
Source : Gulf Daily News  
Date : 2013-05-13
Khaleeji Commercial Bank (KHCB) has signed a three-way memorandum of understanding (MoU) with Bahrain Defence Force's Military Consumer Association (MCA) and its main supplier Glabrous International (GI)....
BAS offers training packages
Source : Gulf Daily News  
Date : 2013-05-13
Bahrain Airport Services (BAS) Aircraft Engineering Training Centre (BAETC) is expanding its training portfolio and clientele globally, a top official has said....
eGA in Korea deal to attract investments
Source : Gulf Daily News  
Date : 2013-05-13
The eGovernment Authority (eGA) signed a memorandum of understanding (MoU) with Korea Trade Investment Promotion Agency (Kotra) aimed at attracting investments into Bahrain....
Bahrain designers eyeing hub status
Source : Gulf Daily News  
Date : 2013-05-13
Home-grown businesses are confident of positioning Bahrain as a regional hub of interiors, design and decor, it has emerged....
Al Baraka income rises 16 per cent
Source : Gulf Daily News  
Date : 2013-05-13
Al Baraka Banking Group (ABG) saw its net income increased by 15 per cent and total operating income by 16pc in the first quarter of this year, compared to the...
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