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| Committee at DEC reviews FDI policies |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| The Dubai Executive Council’s Economic Development Committee, chaired by Shaikh Ahmed bin Saeed Al Maktoum, Second Vice-Chairman of the DEC and Chairman of the committee, discussed at an extraordinary meeting... |
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| Saudi Arabia needs 200,000 housing units over next decade |
| Source : Arab News |
| Date : 2013-05-15 |
| Saudi Arabia will need to build 200,000 residential units annually over the next decade, said Dhafer Al-Khalali, general manager of Gulf Prime Services (GPS), an integrated real estate services platform... |
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| Etisalat adds new int'l fibre optic cable |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Etisalat on Tuesday announced its partnership in the construction of the Bay of Bengal, or BBG, submarine fibre optic cable along with industry leaders to enhance intercontinental connectivity and diversity... |
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| SCTA seeks S. Korean tourism cooperation |
| Source : Arab News |
| Date : 2013-05-15 |
| Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) is currently visiting South Korea to seek further cooperation on tourism projects.... |
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| Ikea's Part Sale kicks off |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Home furnishing brand Ikea announced its much-awaited Part Sale in its stores at Dubai Festival City and Yas Island in Abu Dhabi.... |
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| British food festival launched
at Lulu |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| In a bid to further promote and popularise British products and food, Lulu Hypermarkets has launched a unique “Food is Great Britain” promotion.... |
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| Drake & Scull International CEO Tabari won’t sell his shares |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Khaldoun Tabari, the chief executive of Dubai-listed Drake and Scull International, or DSI, and who owns majority shares in the construction giant, said “he will hold on to his shares”.... |
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| Shuaa Capital cuts first-quarter loss to Dh5.9 million |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Shuaa Capital recently declared that it had recorded Dh36.2 million in revenues and that it had also reduced its loss to Dh5.9 million for the first quarter of 2013 compared... |
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| Dubai Q1 trade hits Dh326b |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Dubai's non-oil trade hit Dh325.5 billion in the first quarter, up 16 per cent from Dh280 billion recorded in the same 2012 period, according to Dubai Customs.... |
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| CBD launches $500m bond |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Commercial Bank of Dubai, or CBD, on Tuesday launched a $500 million, five-year debut international bond with a coupon of 3.375 per cent.... |
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| Dana Gas posts 17% profit growth in Q1 |
| Source : Khaleej Times |
| Date : 2013-05-15 |
| Dana Gas, the region's largest private sector natural gas company, on Tuesday announced a net profit of Dh241 million for the first quarter 2013.... |
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| UAE markets hit fresh multi-year highs; no sign of gains abating |
| Source : Gulf Times |
| Date : 2013-05-15 |
| Markets in the UAE hit new multi-year highs yesterday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the bullish sentiment, while Saudi Arabia and Egypt fell.... |
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| Fitch affirms Ahli Bank IDR at 'A-' |
| Source : Gulf Times |
| Date : 2013-05-15 |
| Fitch Ratings has affirmed Ahli Bank’s long-term Issuer Default Rating (IDR) at ‘A-’ with a ‘stable outlook’. Fitch has also confirmed a ‘BBB-’ rating in respect of the bank’s financial... |
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| 'Alwaseeta not among QP firms planning IPO' |
| Source : Gulf Times |
| Date : 2013-05-15 |
| Performers during the rebranding of Qatar Intermediate Industries Holding Company as Alwaseeta at the Four Seasons yesterday.... |
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| QPI hopes to extend Centrica deal |
| Source : The Peninsula |
| Date : 2013-05-15 |
| Qatar Intermediate Industries holding Co Ltd (Qatar Holding), a subsidiary of Qatar Petroleum (QP), yesterday unveiled the company’s new identity ‘Qatar Intermediate Industries Co Ltd’ (‘Alwaseeta’ in Arabic), and... |
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| Virgin among five bidders for Saudi telecom licences |
| Source : The Peninsula |
| Date : 2013-05-15 |
| Five companies have submitted applications for virtual telecom licences in Saudi Arabia including Virgin Mobile Middle East & Africa (VMMEA).... |
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| Most Gulf bourses continue bull run |
| Source : The Peninsula |
| Date : 2013-05-15 |
| Markets in the UAE hit new multi-year highs yesterday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the bullish sentiment, while Saudi Arabia and Egypt fell.... |
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| Zain KSA launches new BlackBerry Q10 |
| Source : Saudi Gazette |
| Date : 2013-05-15 |
| Zain KSA launched the new Blackberry Q10 device in its flagships around the Kingdom. The device will be available along with Mazaya postpaid packages and Hala prepaid package for SR2,699.... |
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| Saudi real estate market attractive: Al-Kalali |
| Source : Saudi Gazette |
| Date : 2013-05-15 |
| The recent passage of the Real Estate Finance Law by the Saudi Arabian Monetary Agency seeks to ease the demand in the residential sector in the Kingdom.... |
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| Investcorp hosts knowledge sharing seminars |
| Source : Saudi Gazette |
| Date : 2013-05-15 |
| Investcorp Saudi Arabia Financial Investments Co. hosted a knowledge sharing seminar on ‘Investing in the Luxury Goods and Retail Industry' for its clients and industry experts in Riyadh and Jeddah.... |
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