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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... |
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| 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... |
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| 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... |
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| 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.... |
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| 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... |
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| 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... |
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| 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).... |
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| 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.... |
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| 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... |
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| 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... |
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| 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... |
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| 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... |
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| 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... |
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| 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.... |
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| 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.... |
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| 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).... |
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| 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.... |
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| 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.... |
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| 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.... |
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| 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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