The Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR14.5bn for the first six months ending June 30, 2008 compared with SR12.8bn in the same period in 2007, an increase of 13%.
Global Holidays, a leading travel advisor based in Beirut, has signed a General Sales Agent (GSA) agreement with Saudi carrier NAS Air to offer budget air travel between Saudi Arabia and Lebanon.
Al Hanoo Holding, one of the largest holding and development companies in the region, has organized two workshops with Halcrow International and Emcor Services.
A delegation from Shamil Bank, a Bahrain-based Islamic bank and a wholly-owned subsidiary of Ithmaar Bank, recently traveled to Turkey to meet with partners and institutional investors of its successful Bosphorus Modaraba (Modaraba), a Sharia compliant Modaraba launched late last
Mayflex, a cabling infrastructure, networking and IP physical security solutions distributor, has recently completed its first Excel Installation Training course for cable installers in Tanzania.
International law firm Trowers & Hamlins has been retained by Gulf Finance House (GFH), a leading GCC based Islamic Investment Bank to advise on a Shari'ah compliant UK commercial property fund, Gulf Atlantic Real Estate II.
STS, Jordan's leading IT solutions provider has signed an official partnership with iAxcess, a leading regional distributor and channel management and focusing on security products and services.
ENOC Supply and Trading LLC (ESTC), a wholly owned company of Emirates National Oil Company Limited LLC (ENOC), recently announced that it has successfully closed a $500m syndicated Islamic facility, which involved the participation of leading regional and international financial
Foreign investors have purchased Dhs1.931bn worth of shares on DFM for the period July 13- July 17 and has sold Dhs2.140bn. Net foreign investment on the market reached Dhs208.8m during the same period, as aggregate sell.
Fakhruddin Properties announced its Dhs800m Lake Central project is ahead of schedule and on target for completion by late 2009. General Construction Company has won the construction deal to build the project.
Oil falls to 129... UAE plans cultural investments... Syrian officials to work with Dubai School of Government... DMCC relocates effective July 22... Swiss private banking group opens Bahrain office.
Under the patronage of HH Sheikh Majid bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Culture and Arts Authority (DCAA), Dubai will play host to two new entertainment exhibitions - the Dubai International Character and Licensing Fair 2008
One of India's fastest growing and diversified business houses - Mir Realtors, the construction and real estate wing of MIR Group, has announced its participation at the Travel, Property & Investment Show from July 19 to 25, 2008.
GCC markets close down for week... Central Bank data has shown a huge rise in the UAE's monetary supply... Bin Salem Group and German partner producing caviar in UAE... Department of Planning and Economy in Abu Dhabi has launched an
Gulf stock markets fell sharply for the third consecutive week, with the UAE markets the biggest losers, losing Dhs19.3bn. The Dubai Financial Market fell 2.3% and Abu Dhabi Securities Exchange 2.1%. The Tadawul closed down 1.5% yesterday, Doha fell by
