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Food inflation in kingdom hits 6.2%
Source : Arab News  
Date : 2013-05-21
Food prices are the single largest contributor to overall inflation in Saudi Arabia, according to a recent report issued by Jadwa Investment....
Aramco invites bids for plant
Source : Gulf Daily News  
Date : 2013-05-21
Saudi Aramco has invited bids for the construction of a 2,400 megawatt power plant in Jizan, near a 400,000 barrel-per-day oil refinery which it is currently building, two industry sources...
9 million benefit from land grants
Source : Arab News  
Date : 2013-05-21
The Ministry of Municipal and Rural Affairs has issued more than 1.5 million residential grants, which have benefited around 9 million Saudis. An average of 60,000 grants are distributed each...
Board appointed
Source : Gulf Daily News  
Date : 2013-05-21
Bahrain Mumtalakat Holding Company yesterday announced the appointment of a new board at the Bahrain Airport Company (BAC)....
Top officials are replaced by Kuwait
Source : Gulf Daily News  
Date : 2013-05-21
Kuwait's vital oil sector has undergone a major reshuffle, with new executives appointed for the subsidiaries of Kuwait Petroleum Corporation, after a new KPC chief was named, the national oil...
Taqa mulls stocks options
Source : Gulf Daily News  
Date : 2013-05-21
Abu Dhabi National Energy Company (Taqa) yesterday said it was looking at ways to improve the liquidity of its shares but had not taken any steps to remove a barrier...
Huawei launches Ascend phones
Source : Gulf Daily News  
Date : 2013-05-21
Huawei yesterday unveiled its latest series of Ascend smartphones across the Middle East....
Ahli United Bank expanding key POS service
Source : Gulf Daily News  
Date : 2013-05-21
Ahli United Bank (AUB) is rapidly expanding point of sale (POS) acquiring in Bahrain with state-of-the-art systems and terminals and innovative features....
New brand identity is unveiled by BKIC
Source : Gulf Daily News  
Date : 2013-05-21
Bahrain Kuwait Insurance (BKIC), part of the Gulf Insurance Group, has decided to adopt a common logo for all the subsidiary companies so as to reflect a unified brand identity...
Gulf Capital to sign loan deal
Source : Gulf Daily News  
Date : 2013-05-21
Abu Dhabi private equity firm Gulf Capital is close to signing a 1.32 billion dirhams ($359.38 million) Islamic loan for its company Gulf Marine Services, some of which will be...
Apicorp registers record net profit of $109 million
Source : Gulf Daily News  
Date : 2013-05-21
Arab Petroleum Investments Corporation (Apicorp) yesterday reported record net profit of $109 million for last year....
Dubai, Algeria explore investment opportunities
Source : Gulf Today  
Date : 2013-05-21
The Dubai Chamber of Commerce and Industry, in association with the Embassy of Algeria, organised the Doing Business in Algeria seminar at its premises on Monday....
UAE aluminium industry took centre stage at CRU
Source : Gulf Today  
Date : 2013-05-21
The joint participation of Dubai Aluminium (Dubal) and Emirates Aluminium (Emal) achieved its core objectives of raising the profile of the two companies at the Commodity Research Unit’s 18th World...
Two events boost industry's growth
Source : Gulf Today  
Date : 2013-05-21
The four pillars of the real estate sectors, namely commercial, hospitality, residential and retail industry in the UAE continues to boost the growth of residential and commercial interior design division...
NBB-SIOAM complete BisB share purchase
Source : Gulf Daily News  
Date : 2013-05-21
National Bank of Bahrain (NBB) and SIO Asset Management Company (SIOAM) have completed the purchase of The Investment Dar's and associated companies' shareholding of 51.6pc in Bahrain Islamic Bank (BisB),...
Etihad keen to do more business with UAE companies
Source : Gulf Today  
Date : 2013-05-21
Etihad Airways has held its first Vendor Symposium in Abu Dhabi. The event, organised by the airline’s Procurement and Supply Management (P&SM) department saw more than 350 delegates from Abu...
Abu Dhabi Investment Forum begins tomorrow
Source : Gulf Today  
Date : 2013-05-21
The Abu Dhabi Investment Forum (ADIF) is set to begin in Paris on Wednesday. The event is organised by the Abu Dhabi Department of Economic Development, with the participation of...
Damac to build $100m tower in Iraq
Source : Gulf Today  
Date : 2013-05-21
Damac Properties has announced a $100 million luxury apartment project — Princess Tower — in Baghdad. The project is part of Damac’s comprehensive strategic plan to expand its operations...
Gold price up to USD 1,400/oz on supply shortage
Source : Kuwait News Agency  
Date : 2013-05-21
The price average of gold went up to USD 1,400 per ounce late Monday, exceeding last Sunday's USD 1,355 per ounce....
Tehran hosts first energy & wind conference
Source : Tehran Times  
Date : 2013-05-21
Tehran's Niroo Research Institute (NRI ) or Energy Research Institute has hosted the first Iran Wind Energy Conference and exhibition. In attendance was Iran's President, Mahmoud Ahmadinejad, administration officials, experts...
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SAMA's net foreign assets surge to SR 2.506 trillion
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Iraq violence kills 11
Retail investors spur Kuwait market
Saudi charities face funding crisis over terror fears
Bahraini banks in merger talks as consolidation picks up
Iran denies its drone entered Bahrain airspace
Most Gulf markets plunge
Journalists abducted in Yemen
Archelons plans to invest $ 1mn in Qatar
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