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| Sales exceed AED1b in DAMAC Towers |
| Source : Saudi Gazette |
| Date : 2013-05-16 |
| DAMAC Properties has announced sales exceeding AED one billion in its DAMAC Towers by Paramount development, which is under construction in the Burj Khalifa area of Dubai.... |
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| flydubai CEO: Saudi market has potential to add more capacity |
| Source : Saudi Gazette |
| Date : 2013-05-16 |
| Dubai's innovative low cost airline is looking forward to expand its operations to more airports in the Kingdom, a top official said.... |
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| Sabic board visits CRI at KAUST and KAEC |
| Source : Saudi Gazette |
| Date : 2013-05-16 |
| The board of directors of the Saudi Basic Industries Corporation (Sabic) visited the Sabic Center for Research and Innovation (CRI) at the King Abdullah University for Science and Technology (KAUST)... |
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| Chinese delegation visits Jubail RC |
| Source : Saudi Gazette |
| Date : 2013-05-16 |
| A Chinese delegation led by Huang Qifan, Mayor of Zhuji City, Chongqing, were received recently at the Royal Commission Visitor Center by Dr. Mosleh H. Al-Otaibi, RCJ CEO, and a... |
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| Kenana to export animal feed to KSA |
| Source : Arab News |
| Date : 2013-05-16 |
| Sudan’s biggest sugar producer plans to export up to 50,000 tons of animal feedstock annually to Gulf countries.... |
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| Warburg closes $ 11 bn global private equity fund |
| Source : Arab News |
| Date : 2013-05-16 |
| Warburg Pincus, a major global private equity firm focused on growth investing, has announced the closing of Warburg Pincus Private Equity XI, L.P. (WP XI), a $ 11.2 billion global... |
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| Bank to raise $200m with sukuk |
| Source : Gulf Daily News |
| Date : 2013-05-16 |
| Al Baraka Islamic Bank yesterday announced that it was raising $200 million through trust certificates in a Sukuk Al Wakala issue which will mature in 2015.... |
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| Petroleum sector to gain from Al-Dahra contract |
| Source : Arab News |
| Date : 2013-05-16 |
| The first fluid catalytic cracking (FCC) catalysts manufacturing facility in the Middle East will be built in Abu Dhabi.... |
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| Zero-injury milestone for Bapco |
| Source : Gulf Daily News |
| Date : 2013-05-16 |
| Bapco and its contractors' employees yesterday achieved the safety milestone of one million employee-hours without a lost time injury (LTI).... |
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| Regulation challenges for CFOs |
| Source : Gulf Daily News |
| Date : 2013-05-16 |
| The role of chief financial officers (CFOs) in Bahrain is becoming far more forward-looking, and they see increasing regulation as their greatest challenge, according to the Institute of Chartered Accountants... |
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| Takaud launches key Mena savings plan |
| Source : Gulf Daily News |
| Date : 2013-05-16 |
| Takaud yesterday launched its pioneering Individual Savings Plan which aims to diversify personal savings and widen the investment horizon for long-term savers.... |
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| Gulf Prime Services upbeat on KSA residential projects |
| Source : Arab News |
| Date : 2013-05-16 |
| The recent passage of real estate finance regulations by the Saudi Arabian Monetary Agency seeks to ease the pent-up demand within Saudi Arabia’s residential sector.... |
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| SABIC keen on joint efforts to promote innovation |
| Source : Arab News |
| Date : 2013-05-16 |
| Saudi Basic Industries Corporation’s (SABIC) continues to explore collaboration opportunities with national entities to support the Kingdom’s sustainable development, says a top official.... |
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| Arqaam Capital plans Saudi expansion |
| Source : Arab News |
| Date : 2013-05-16 |
| Dubai-based investment bank Arqaam Capital plans to expand into sub-Saharan Africa by the fourth quarter this year and may look at acquisitions in Saudi Arabia as part of its push... |
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| Retail sector surges 1.37% |
| Source : Arab News |
| Date : 2013-05-16 |
| The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.... |
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| Loans portfolio for Saudi banks exceed SR 1 trillion mark |
| Source : Arab News |
| Date : 2013-05-16 |
| Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.... |
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| US targets two UAE firms for dealing with blacklisted Iran banks |
| Source : Saudi Gazette |
| Date : 2013-05-16 |
| The United States blacklisted two Dubai-based trading companies on Wednesday, accusing them of helping Iran evade financial sanctions and effectively cutting them off from the US financial system.... |
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| Qatar, Bangkok airlines in new deal |
| Source : The Peninsula |
| Date : 2013-05-16 |
| Qatar Airways yesterday announced a new codeshare agreement with Bangkok Airways to destinations across Thailand and the capital cities of neighbouring Cambodia and Myanmar, said a press statement.... |
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| SKAI Holdings plans $ 1b hotel in Palm Jumeirah |
| Source : Khaleej Times |
| Date : 2013-05-16 |
| SKAI Holdings, the Dubai-based real estate investment firm, on Wednesday announced its plans for a new $ 1 billion hotel and furnished residences project on the Palm Jumeirah that will... |
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| Hydrocarbon reserves: KSA has competitive advantage |
| Source : Arab News |
| Date : 2013-05-16 |
| Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production, says a Riyadh-based analyst.... |
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