Date archive forJune, 2014
Saudi Capital Market Company (Tadawul)
By Staff writer On Monday, June 30th, 2014
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Tadawul Company achieves SR 152 million net profits in 2013

Saudi Capital Market Company (Tadawul) Saudi Capital Market Company (Tadawul) achieved net profits amounting to SR 152 million in 2013, down 37% compared to the year 2012. In a press statement issued today, the More...

The Freetown Solar Park
By Staff writer On Monday, June 30th, 2014
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ADFD grants AED 33 million loan to bolster renewable energy sector in Sierra Leone

Abu Dhabi Fund for Development Abu Dhabi Fund for Development, ADFD, has signed a loan agreement with the government of Sierra Leone, by which the fund will provide more than AED33 million in financing to the Solar More...

Monaco, FundForum International 2014
By Staff writer On Monday, June 30th, 2014
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DIFC participates in Monaco’s FundForum International 2014

Monaco, FundForum International 2014 Dubai International Financial Centre, DIFC, has engaged with leading fund managers from around the world, at FundForum International 2014 in Monaco. Exhibiting alongside some More...

Waha Capital
By Staff writer On Monday, June 30th, 2014
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Waha Capital establishes new energy-focused investment unit

Waha Capital Waha Capital, an Abu Dhabi investment company, has established a new unit to drive its future investments in the energy sector across the Middle East and North Africa, MENA, region. “The energy More...

US Dollar
By Staff writer On Monday, June 30th, 2014
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Dollar drops due to disappointing data

US Dollar The US Dollar witnessed a drop as data from the US economy disappointed investors and fueled expectations that rates will stay at their current low level, a local report read on Sunday. The US economy More...

US Dollar, Kuwaiti Dinar
By Staff writer On Monday, June 30th, 2014
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USD unchanged against Dinar at kd 0.281

US Dollar, Kuwaiti Dinar  The US greenback was unchanged against the Kuwaiti Dinar, trading at KD 0.281 on Sunday while the EU currency was at kd 0.384, said the Central Bank of Kuwait (CBK). The CBK price bulletin More...

Kuwait Stock Exchange (KSE)
By Staff writer On Monday, June 30th, 2014
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KSE Benchmark falls

Kuwait Stock Exchange (KSE)  Price index of Kuwait Stock Exchange (KSE) dropped upon closing Sunday’s session, losing 1.64 points and settling at 6,980 points. However, the weighted index and Kuwait 15 rose More...

Qatar Exchange
By Staff writer On Monday, June 30th, 2014
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Qatar Exchange Index Drops 147.07 Points

Qatar Exchange Qatar Exchange index dropped 147.07 points (1.24%) to close at 11,669.43 points Sunday afternoon. The trading value today was QR 414,438,556.95 compared to QR 531,530,455.64 when trading closed for More...

HE Sheikh Khalifa bin Jassim Al Thani, Chairman, Qatar Chamber
By Staff writer On Monday, June 30th, 2014
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Qatar Chamber to Release Book on Qatar’s Work Safety Record

HE Sheikh Khalifa bin Jassim Al Thani, Chairman, Qatar Chamber Qatar Chamber will launch next April a book chronicling the country’s achievements on occupation safety, the nodal body for business and trade More...

Ducab
By Staff writer On Monday, June 30th, 2014
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Ducab selected for expansion project at Holy Site in Mecca

Ducab  Ducab, the Middle East s leading manufacturer of high quality cables and cabling products, has been selected to supply cables and accessories to the Saudi Arabian authorities responsible for the expansion More...

NISSAN CONCEPT 2020 Vision Gran
By Staff writer On Sunday, June 29th, 2014
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NISSAN AND PLAYSTATION® REVEAL FUTURE VISION

Nissan Virtual supercar created to celebrate the 15th anniversary of the legendary Gran Turismo® driving franchise • NISSAN CONCEPT 2020 Vision Gran Turismo hints at the future • 2+2 virtual supercar with advanced More...

Group Photo
By Staff writer On Sunday, June 29th, 2014
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Bedaya celebrates graduation of ‘Activate’ program entrepreneurs

Mr Raed Al Emadi presenting an award to Khalifa Al Kuwari from Al Gheith swords The Bedaya Center for Entrepreneurship and Career Development (Bedaya), Qatar Development Bank’s joint initiative with Silatech, More...

World Customs Organization
By Staff writer On Sunday, June 29th, 2014
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Qatar Participates in Customs Meeting in Belgium

World Customs Organization The Customs General Authority took part in the 40th Regional Meeting of Directors-General of customs authorities and departments of North Africa and the Near and Middle East, which was More...

Qatar Tourism Authority (QTA)
By Staff writer On Sunday, June 29th, 2014
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Qatar Tourism Authority Reveals Appealing Ramadan Plans This Year

Qatar Tourism Authority (QTA) Qatar Tourism Authority (QTA), the government’s tourism planning and promotion arm, has launched a yearly event program, which will transform Ramadan in Qatar into a festive and memorable More...

QNB
By Staff writer On Sunday, June 29th, 2014
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QNB Group: Lessons in Economic Development from Singapore

QNB Singapore is a remarkable growth story. Back in the 1960s, it was one of the poorest countries in Asia. Since then, it has transformed itself into one of the most of the advanced economies, with the third highest More...

Qatar Petroleum,  Dukhan Operations
By Staff writer On Sunday, June 29th, 2014
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QP s Dukhan Operations Hosts French Students on Annual Technical Visit

Qatar Petroleum, Dukhan Operations  Qatar Petroleum’s Dukhan Operations recently hosted students from IFP School in France as part of their annual technical visit to Qatar. The students were accompanied by Jean-Claude More...

Nebras Power
By Staff writer On Sunday, June 29th, 2014
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Nebras Power Acquires Shares in Jordan Solar Power Plant

Nebras Power Nebras Power (QSC) has announced that it has entered into an agreement to acquire significant shares in a 52.5 MW solar power plant in the Hashemite Kingdom of Jordan along with Diamond Generating Europe, More...

Kuwait Stock Exchange (KSE)
By Staff writer On Sunday, June 29th, 2014
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Kuwait’s bourse ends last week’s trading on mixed board

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) ended last week with mixed performance signaling a slight improvement after weeks of settling at the red zone, a specialized economic report showed Saturday. The More...

New Kuwaiti currency
By Staff writer On Sunday, June 29th, 2014
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New Kuwaiti banknotes due to appear on Sunday designed on bases of beauty, safety

New Kuwaiti currency The Central Bank of Kuwait (CBK) will put into circulation on Sunday the sixth edition of the Kuwaiti currency, coinciding with advent of the holy month of Ramadan. Kuwait flag is a main feature More...

Bahrain,  Telecommunications Regulatory Authority (TRA)
By Staff writer On Sunday, June 29th, 2014
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Bahrain’s TRA Wins at Asia Communications Award Ceremony

Bahrain, Telecommunications Regulatory Authority (TRA) Bahrain’s Telecommunications Regulatory Authority (TRA) has been announced the winner at the 2014 Asia Communications Award Ceremony that was held in More...

Etisalat
By Staff writer On Sunday, June 29th, 2014
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Etisalat donates AED2.5m for Suqia initiative

Etisalat Emirates Telecommunications Corporation, Etisalat, has donated AED2.5 million to provide drinking water for 100,000 people in response to the U.A.E. Suqia, water aid, initiative launched by Vice President More...

Moldova , Qatar
By Staff writer On Sunday, June 29th, 2014
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Moldova Parliament Speaker Meets Qatari Ambassador

Moldova , Qatar  Speaker of Parliament of the Republic of Moldova Igor Corman has met with Qatar’s Ambassador to the Republic of Moldova Mohamed Ali Al-Maliki. During the meeting, they reviewed bilateral More...

Automated Teller Machines, ATMs
By Staff writer On Saturday, June 28th, 2014
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Automated banking services will continue as usual Sunday

Automated Teller Machines, ATMs  Kuwait Banking Association on Friday denied reports that banks’ ATMs (automated teller machines) will be temporarily switched off when the new banknotes are put in circulation More...

Oil price
By Staff writer On Saturday, June 28th, 2014
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OPEC daily basket price stood at $109.39 a barrel Thursday, 26 June 2014

Oil price The price of OPEC basket of twelve crudes stood at 109.39 dollars a barrel on Thursday, compared with $109.63 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

Etihad Airways, Jet Airways
By Staff writer On Saturday, June 28th, 2014
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Etihad Airways honoured for ground-breaking sale, leaseback transaction with jet airways

Etihad Airways, Jet Airways Etihad Airways has been honoured at Treasury Today Magazine s Adam Smith Awards 2014 for successfully implementing an innovative sales and leaseback (SLB) transaction worth US$70 million More...

Samih Johar Hayat, Kuwait's Ambassador to Mexico
By Staff writer On Saturday, June 28th, 2014
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Kuwait welcomes investments from Mexican construction companies — Amb. Hayat

Samih Johar Hayat, Kuwait’s Ambassador to Mexico Kuwaiti Ambassador to Mexico Samih Johar Hayat called on Mexican construction companies to pursue investments in Kuwait especially those linked to the state-development More...

Kuwait, Bahrain
By Staff writer On Saturday, June 28th, 2014
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His Highness Crown Prince receives phone call from Bahraini peer

Kuwait, Bahrain His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received phone call from Bahraini Crown Prince Salman Bin Hamad Al Khalifa, the deputy Commander in Chief of the Armed Forces More...

Kuwait crude oil
By Staff writer On Saturday, June 28th, 2014
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Kuwaiti crude price down to USD 108 pb

Kuwait crude oil Price of Kuwaiti crude oil decreased 17 cents to USD 108 per barrel on Thursday compared to USD 108.17 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. The markets are still affected More...

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah
By Staff writer On Saturday, June 28th, 2014
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His Highness the Amir congratulates Djibouti on nat’l day

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent Friday a cable of congratulations to President of Djibouti Ismail Omar Guelleh on More...

Arab-Swiss Chamber of Commerce and Industry
By Staff writer On Saturday, June 28th, 2014
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Saudi Ambassador to Switzerland meets Secretary General of Arab-Swiss Chamber of Commerce and Industry

Arab-Swiss Chamber of Commerce and Industry  Saudi Ambassador to Swiss Confederation and Principality of Liechtenstein Hazem bin Mohammed Karkatli received at the embassy in Bern yesterday the Secretary General More...

Saudi Arabian General Investment Authority (SAGIA)
By Staff writer On Saturday, June 28th, 2014
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General Investment Authority continues tireless efforts to boost investment

Saudi Arabian General Investment Authority (SAGIA)  Saudi Arabian General Investment Authority (SAGIA) led a number of strategic investment projects and initiatives during the year 1434/1435 AH. These projects More...

Dr. Fahd Bin Abdulrahman Balghunaim, Saudi Minister of Agriculture
By Staff writer On Saturday, June 28th, 2014
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Saudi Agriculture Minister Receives Russian Ambassador

Dr. Fahd Bin Abdulrahman Balghunaim, Saudi Minister of Agriculture Minister of Agriculture Dr. Fahd Bin Abdulrahman Balghunaim received at his office in the Ministry here today the Russian ambassador to the Kingdom More...

[From Left to Right] Mr. Jean-Christophe Badri, CFO – Turkey & Middle East at Sanofi, Dr. Pius Hornstein, Vice President – Turkey & Middle East Zone at Sanofi, Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, and Mr. Abdulaziz Al Serkal, General Manager of Dubai Investments, at the signing ceremony in Dubai on Thursday, June 26, 2014.
By Staff writer On Friday, June 27th, 2014
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Dubai Investments PJSC divests 66% stake in Globalpharma

[From Left to Right] Mr. Jean-Christophe Badri, CFO – Turkey & Middle East at Sanofi, Dr. Pius Hornstein, Vice President – Turkey & Middle East Zone at Sanofi, Mr. Khalid Bin Kalban, Managing Director More...

Qatar, France
By Staff writer On Friday, June 27th, 2014
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Qatar-France Economic Partnership “Strong and Solid” – Minister

Qatar, France Qatar’s Minister of Economy and Trade HE Sheikh Ahmed bin Jassim bin Mohammed Al -Thani has expressed desire to continue building and structuring a privileged partnership with France on the solid More...

Qatar Exchange
By Staff writer On Friday, June 27th, 2014
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Qatar Exchange Announces Working Hours during Ramadan

Qatar Exchange Qatar Exchange announced today the official business and trading schedule during the upcoming holy month of Ramadan. in a statement posted today on its website, Qatar Exchange said trading hours will More...

Qatar General Electricity & Water Corporation "KAHRAMAA"
By Staff writer On Friday, June 27th, 2014
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KAHRAMAA Announces Full Readiness for the Holy Month of Ramadan

Qatar General Electricity & Water Corporation “KAHRAMAA” Qatar General Electricity & Water Corporation “KAHRAMAA” announced that it is all set to receive the holy month of Ramadan. More...

Qatar Stock Exchange
By Staff writer On Friday, June 27th, 2014
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Qatar Stock Exchange Down 2.35%

Qatar Stock Exchange The Qatar Exchange ended in the red area when trading closed Thursday at 11,816.50 points (2.35%) down 284.43 points from the previous closing of 12,100.93 points on Wednesday. The volume of More...

Mohammed bin Ahmed bin Tawar , Qatar Chamber (QC) Vice-Chairman
By Staff writer On Friday, June 27th, 2014
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QC Holds Trade Talks with Sudanese Delegation

Mohammed bin Ahmed bin Tawar , Qatar Chamber (QC) Vice-Chairman Qatar Chamber (QC) Vice-Chairman Mohammed bin Ahmed bin Tawar said that Qatar has great interest in enhancing bilateral cooperation with the Sudan More...

The Kuwait Fund for Arab Economic Development ''KFAED''
By Staff writer On Friday, June 27th, 2014
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KFAED extends USD-21.2-mln loan to Lebanon

The Kuwait Fund for Arab Economic Development ”KFAED” The Kuwait Fund for Arab Economic Development (KFAED) and Lebanon signed here on Thursday a KD 6 million (USD 21.2 million) loan agreement. The deal More...

Dr. Ahmad Mohamed Ali, President of Islamic Development Bank (IDB) Group
By Staff writer On Friday, June 27th, 2014
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IDB launches USD 2bln-infrastructure fund

Dr. Ahmad Mohamed Ali, President of Islamic Development Bank (IDB) Group  The Islamic Development Bank (IDB) launched Thursday a multi-billion dollar fund to finance infrastructure projects in the Bank’s More...

Kuwait Stock Exchange (KSE)
By Staff writer On Friday, June 27th, 2014
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KSE indices post gains upon closing

Kuwait Stock Exchange (KSE)  Price Index of Kuwait Stock Exchange (KSE) posted gains upon closing Thursday’s session, with the price benchmark reading 6,981, rising by 16.5 points. The weighted index dropped More...

Vice President-Europe Khaled Al-Mushaileh,  receiving the 2014 ROSPA Gold Award
By Staff writer On Friday, June 27th, 2014
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KPI wins 2014 ROSPA Gold Award

Vice President-Europe Khaled Al-Mushaileh, receiving the 2014 ROSPA Gold Award Kuwait Petroleum International (KPI) was among the winners in the RoSPA Occupational Health and Safety Awards 2014, a press statement More...

Construction workers taking lessons on Heat Safety Awareness
By Staff writer On Friday, June 27th, 2014
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Masdar launches Heat Safety Awareness Campaign

Construction workers taking lessons on Heat Safety Awareness  Construction workers employed on projects within Masdar City, including the new headquarters for the International Renewable Energy Agency (IRENA), More...

Oil
By Staff writer On Friday, June 27th, 2014
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OPEC’s daily basket price for Wednesday

Oil The price of OPEC’s basket of twelve crudes stood at US$109.63 a barrel on Wednesday, compared with $109.62 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, More...

Alex Thursby, the Group Chief Executive Officer of NBAD
By Staff writer On Friday, June 27th, 2014
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NBAD facilitates UK’s debut Sovereign Sukuk

The National Bank of Abu Dhabi, NBAD, has successfully executed the U.K. government s debut Sukuk issue in its capacity as Alex Thursby, the Group Chief Executive Officer of NBAD Joint Lead Manager and Joint Book More...

Etihad Airways , Alitalia
By Staff writer On Friday, June 27th, 2014
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Etihad Airways, Alitalia Statement

Etihad Airways , Alitalia Etihad Airways and Alitalia today confirmed that they have agreed the principal terms and conditions of a proposed transaction whereby Etihad Airways will acquire a 49 percent equity stake More...

Qatar Business Council Holds Meetings in Washington
By Staff writer On Thursday, June 26th, 2014
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Qatar Business Council Holds Meetings in Washington

Qatar Business Council Holds Meetings in Washington A series of meetings and events was held between Qatar Business Council and a number of chambers of commerce in the United States, in the forefront the American More...

The Public Works Authority (Ashghal)
By Staff writer On Thursday, June 26th, 2014
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Ashghal Adopts a New System to Provide Smarter Infrastructure Management in Collaboration with IBM

The Public Works Authority (Ashghal)  The Public Works Authority (Ashghal) today commenced with IBM the implementation of Enterprise Asset Management Solution (EAMS), an advanced technological system to enhance More...

Qatar Foundation for Education, Science and Community Development
By Staff writer On Thursday, June 26th, 2014
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Qatar Foundation Generates Solar Energy to Support Qatar National Vision

Qatar Foundation for Education, Science and Community Development Qatar Foundation for Education, Science and Community Development is producing up to 85% of Qatar’s total solar energy as it announced the More...

Ooredoo
By Staff writer On Thursday, June 26th, 2014
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Ooredoo’s New Research Highlights Shared Aspirations of Young People in MENA and Southeast Asia

Ooredoo  Ooredoo today announced the launch of a new study, “New Horizons: Indonesia’s Digital Generation”, which examines the aspirations of young people across Indonesia. The release builds upon More...

Ali Shareef Al Emadi, Minister of Finance  with Bill Gates
By Staff writer On Thursday, June 26th, 2014
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Finance Minister Meets Bill Gates

Ali Shareef Al Emadi, Minister of Finance with Bill Gates HE the Minister of Finance Ali Shareef Al Emadi met on Wednesday with Bill Gates, the founder of Bill and Melinda Gates Foundation and former president of More...

The Financial and Economic Affairs Committee of the Advisory Council
By Staff writer On Thursday, June 26th, 2014
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Advisory Council’s Financial and Economic Affairs Committee Meets.

The Financial and Economic Affairs Committee of the Advisory Council The Financial and Economic Affairs Committee of the Advisory Council on Wednesday held a meeting, presided over by its rapporteur Mohamed Ajaj More...

Qatar Stock Exchange
By Staff writer On Thursday, June 26th, 2014
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Qatar Stock Exchange Down 1.81%

Qatar Stock Exchange The Qatar Exchange ended in the red area when trading closed Wednesday at 12,100.93 points (1.81%) down 222.52 points from the previous closing of 12,323.45 points on Tuesday. The volume of More...

Boeing, Qatar aeronautical college career fair
By Staff writer On Thursday, June 26th, 2014
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Boeing Presents Aerospace Overview at Qatar Career Fair

Boeing, Qatar aeronautical college career fair Boeing Company presented an overview of the aerospace industry to students at the annual Qatar Aeronautical College Career Fair held here. The aircraft manufacturer More...

Ali Shareef Al Emadi, Minister of Finance  in the 39th annual meeting of the Islamic Development Bank
By Staff writer On Thursday, June 26th, 2014
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HE Finance Minister Attends Meeting of IDB’s Board of Governors in Jeddah

Ali Shareef Al Emadi, Minister of Finance in the 39th annual meeting of the Islamic Development Bank  In the presence of HE the Minister of Finance Ali Shareef Al Emadi, the 39th annual meeting of the Islamic Development More...

Islamic Development Bank (IDB)
By Staff writer On Thursday, June 26th, 2014
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Finance min. affirms Kuwait support to IDB

Islamic Development Bank (IDB)  Finance Minister Anas Al-Saleh and Kuwaiti member of the Board of Governors of Islamic Development Bank (IDB) asserted Wednesday his country continuous support and cooperation with More...

Jazeera Airways Group
By Staff writer On Thursday, June 26th, 2014
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Jazeera Airways secures USD 70.5mln debt facility from Ahli United Bank

Jazeera Airways Group Jazeera Airways Group announced Wednesday that it has secured a USD 70.5 million debt facility through Kuwait’s Ahli United Bank (AUB) as part of the Group’s ongoing strategic debt More...

Kuwait Stock Exchange (KSE)
By Staff writer On Thursday, June 26th, 2014
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KSE indices post gains upon closing

Kuwait Stock Exchange (KSE) All main indices of Kuwait Stock Exchange (KSE) posted gains upon closing Wednesday’s session, with the price benchmark reading 6,965.3, rising by 3.99 points. The weighted index More...

Baker & McKenziehas
By Staff writer On Wednesday, June 25th, 2014
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Cross-border M&A is Back

Baker & McKenzie Nine out of ten executives describe their deals as successful while cross-border deals approach post-crisis highs driven by five strategic factors. In 2014, the number of cross-border M&A More...

Ahmad Bin Shafar, CEO Empower
By Staff writer On Wednesday, June 25th, 2014
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Empower settles first instalmentof Doha Bank loan

Ahmad Bin Shafar, CEO Empower District cooling services provider repays an estimated10% of the five year loan  Empower, the world’s largest district cooling service provider, today announced that it has repaidthe More...

Gil Goncalves Azevedo, Head of Marketing & Business Development, Emirates Islamic, Jamal Bin Ghalaita, Chief Executive Officer, Emirates Islamic and Marcello Baricordi, General Manager,VISA-UAE at the launch of the Cash Back Card
By Staff writer On Wednesday, June 25th, 2014
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Emirates Islamic launchesCash Back Card

Gil Goncalves Azevedo, Head of Marketing & Business Development, Emirates Islamic, Jamal Bin Ghalaita, Chief Executive Officer, Emirates Islamic and Marcello Baricordi, General Manager,VISA-UAE at the launch More...

Emirates NBD Facebook page
By Staff writer On Wednesday, June 25th, 2014
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Emirates NBD becomes first UAE-based bank to cross 200,000milestone for Facebook fans

Shayne Nelson ,Group CEO ,Emirates NBD Achievement underlines bank’s alignment withUAE government objective to leverage social media platforms for benefit of society   Emirates NBD, a leading bank in the region, More...

Saeed Al Qatami, Chief Executive Officer, Deyaar Development PJSC
By Staff writer On Wednesday, June 25th, 2014
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Deyaar Sells 5.98 Acres Land in Texas

Saeed Al Qatami, Chief Executive Officer, Deyaar Development PJSC Developer to Reinvest Funds into Expanding Dubai Project Pipeline  Deyaar Development PJSC (Deyaar), a customer-focused, trusted and valued More...

Dubai Design District 1
By Staff writer On Wednesday, June 25th, 2014
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d3 emerging as the global home for design

Dubai Design District 2 DEMAND FOR d3CONTINUES TO BEAT EXPECTATIONS Dubai Design District (d3)today confirmed that over 140 licenses have been granted for businesses to move to the site, with over 40% of these More...

Oil
By Staff writer On Wednesday, June 25th, 2014
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OPEC daily basket price US$110.30 a barrel on Monday

Oil The price of OPEC’s basket of twelve crudes stood at US$110.30 a barrel on Monday, compared with $110.48 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Basket of More...

Qatar Stock Exchange
By Staff writer On Wednesday, June 25th, 2014
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Qatar Stock Exchange Down 0.91%

Qatar Stock Exchange The Qatar Exchange ended in the red area when trading closed Tuesday at 12,323.45 points (0.91%) down 112.60 points from the previous closing of 12,436.05 points on Monday. The volume of shares More...

Qatar Airways
By Staff writer On Wednesday, June 25th, 2014
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Qatar Airways Enters into Codeshare Agreement with Japan Airlines

Qatar Airways Qatar Airways has entered into a codeshare agreement with Japan Airlines, its partner in the oneworld alliance, to expand its route network in Japan. Through this partnership which will go into force More...

Qatar National Bank 'QNB'
By Staff writer On Wednesday, June 25th, 2014
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QNB Expects Global Recovery to Falter in 2014

Qatar National Bank ‘QNB’ Qatar National Bank (QNB) said Tuesday it expected World exports to stall as a result of weak global recovery. The Middle-Eastern banking giant released statement saying that More...

Qatar, France
By Staff writer On Wednesday, June 25th, 2014
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Qatar-France Trade Valued $2.5 bn in 2013-Minister of Economy and Trade

Qatar, France The volume of trade exchanges between Qatar and France hit $2.5 billion last year, showing an increase of 2% against 2012. Addressing the Qatari-French Businessmen Forum in Paris, staged by the Ministry More...

Akbar Al Baker, Qatar Airways’ CEO
By Staff writer On Wednesday, June 25th, 2014
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Qatar Airways CEO Al Baker Attends Expansion of Heathrow Airport Ceremony

Akbar Al Baker, Qatar Airways’ CEO Qatar Airways Chief Executive Officer Akbar Al Baker, joined HMThe Queen, The Duke of Edinburgh, at the official opening of the new Terminal 2: The Queen’s Building at London’s More...

Kuwait Stock Exchange (KSE)
By Staff writer On Wednesday, June 25th, 2014
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KSE indices in red zone at closing

Kuwait Stock Exchange (KSE)  Main indices of Kuwait Stock Exchange (KSE) settled in the red zone upon closing Tuesday’s session, where the price index lost 36.4 points settling at 6,936 points, the weighted More...

Qatar Chamber for Commerce and Industry
By Staff writer On Wednesday, June 25th, 2014
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QCCI, Greek Delegation Discuss Investment Cooperation

Qatar Chamber for Commerce and Industry Qatar Chamber for Commerce and Industry here today discussed trade and investment exchange with a visiting Greek delegation from the Arab-Greek Chamber of Commerce. QCCI Vice More...

Dr. Hessa Al-Jaber, Minister of Information and Communications Technology  and Fadi Chehade , President of ICANN
By Staff writer On Wednesday, June 25th, 2014
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Qatar , ICANN Sign MoU on Enhnacing Cooperation in Internationalized Domain Names

Dr. Hessa Al-Jaber, Minister of Information and Communications Technology and Fadi Chehade , President of ICANN Ministry of Information and Communications Technology (MICT) and the Internet Corporation for Assigned More...

Anas Al-Saleh, Kuwait's Finance Minister
By Staff writer On Wednesday, June 25th, 2014
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Fin. Min. arrives in Jeddah for IDB meeting

Anas Al-Saleh, Kuwait’s Finance Minister Kuwait’s Finance Minister Anas Al-Saleh arrived in Jeddah Tuesday evening to head his country’s delegation to a meeting of the Board of Governors of the More...

AppMahal application
By Staff writer On Tuesday, June 24th, 2014
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AppMahal launches unique social sharing network for mobile apps in Arabic

AppMahal application World-first mobile application allows users to see and share applications on their friends’ phones and find great new apps easily and effectively AppMahal Ltd. is proud to announce the More...

Cylinders
By Staff writer On Tuesday, June 24th, 2014
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ADNOC Distribution to Retail 50lbsLPG Cylinders in Service Stations across Northern Emirates from June29

Cylinders ADNOC Distribution has announced starting June 29, 50lbsLPG cylinders will be retailed acrossits service stations in the emirate of Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The decision More...

Mr. Mohammed Khadim Al Hameli, Acting Director General of the General Administration of Customs (Abu Dhabi), and Dr. Mohammed Ben Sulayem , ATCUAE President
By Staff writer On Tuesday, June 24th, 2014
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ABU DHABI CUSTOMS SIGNS GUARANTEE AGREEMENT WITH ATCUAE OVER GLOBAL TRANSIT SYSTEM

Mr. Mohammed Khadim Al Hameli, Acting Director General of the General Administration of Customs (Abu Dhabi), and Dr. Mohammed Ben Sulayem , ATCUAE President New partnership takes UAE step closer to introducing TIR More...

Zurich and FGB Sign Long Term General Insurance Distribution Agreement
By Staff writer On Tuesday, June 24th, 2014
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Zurich and FGB Sign Long Term General Insurance Distribution Agreement in the UAE

Zurich and FGB Sign Long Term General Insurance Distribution Agreement Zurich Insurance Middle East has entered into a long term agreement with FGB, one of the leading banks in the United Arab Emirates,to market More...

Oracle
By Staff writer On Tuesday, June 24th, 2014
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Oracle Buys MICROS Systems

Oracle Adds Innovative Hospitality and Retail Technology Vendor to Expand Oracle into More Industries   Oracle announced that it has entered into a definitive agreement to acquire MICROS Systems, Inc. (NASDAQ: More...

Sahara Towers 4 and 5
By Staff writer On Tuesday, June 24th, 2014
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Al Thuriah launches two towers within the Sahara complex

Prime location on Sharjah-Dubai border, just 7 km from Dubai International Airport   Sahara Tower 4 Lobby Al Thuriah, a leading service provider to the real estate and construction industry, recently announced More...

EVEN Hotel
By Staff writer On Tuesday, June 24th, 2014
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IHG OPENS FIRST EVEN™ HOTELS PROPERTY

New Hotel Brand Delivers a Fresh Approach to Travel, Enabling Wellness on the Road EVEN Hotel Norwalk Lobby  InterContinental Hotels Group (IHG) today announces the opening of its first EVEN™ Hotels property More...

Qatar Stock Exchange
By Staff writer On Tuesday, June 24th, 2014
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Qatar Stock Exchange Down 0.19%

Qatar Stock Exchange The Qatar Exchange ended in the red area when trading closed Monday at 12,436.05 points (0.19%) down 24.10 points from the previous closing of 12,460.15 points. The volume of shares was fell More...

Chamber of Commerce and Industry, Umm Al Qaiwain
By Staff writer On Tuesday, June 24th, 2014
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Rashid bin Saud Al Mu’alla visits UAQ Chamber of Commerce and Industry

Chamber of Commerce and Industry, Umm Al Qaiwain H.H. Sheikh Rashid bin Saud bin Rashid Al Mu’alla, Crown Prince of Umm Al Qaiwain today visited the office of the Chamber of Commerce and Industry of Umm Al More...

UAE, Kuwait
By Staff writer On Tuesday, June 24th, 2014
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MoFA official receives Kuwaiti Ambassador

UAE, Kuwait Assistant Foreign Minister of International Organisations Affairs, Tareq Ahmed Al Haidan, today at the Ministry of Foreign Affairs (MoFA) received Kuwaiti Ambassador to U.A.E. Salah Mohammed Al Baijan. At More...

U.A.E exports lines
By Staff writer On Tuesday, June 24th, 2014
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U.A.E. aluminum, petrochemicals exports to African non-Arab countries cover 1.8 percent of demand in 2012

U.A.E exports lines U.A.E aluminum and petrochemicals exports to African non -Arab countries in 2012 stood at US$6.5 billion, accounting for only 1.8 percent of their total imports which stood at US$352 billion More...

Riyadh International Exhibition Center
By Staff writer On Tuesday, June 24th, 2014
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Riyadh Int’l Exhibition opens with 16 countries participating

Riyadh International Exhibition Center Saudi Commerce and Industry Minister Dr. Tawfiq Al-Rabeea opened Sunday evening Riyadh International Exhibition, which featured participation of 16 countries. The exhibition More...

Qatar Fuel (WOQOD) Station
By Staff writer On Tuesday, June 24th, 2014
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WOQOD Unveils 5-year Plan, Set to Establish 100 Fuel Stations by 2018

Qatar Fuel (WOQOD) Station Qatar Fuel (WOQOD) has revealed the main features of its upcoming five-year plan (2014-2018), according to which the company is set to establish 100 new fuel stations by 2018. WOQOD CEO More...

Akbar Al Baker, Qatar Airways Chief Executive Officer
By Staff writer On Tuesday, June 24th, 2014
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Qatar Airways CEO Re-elected to IATA’s Chair Committee

Akbar Al Baker, Qatar Airways Chief Executive Officer Qatar Airways Chief Executive Officer Akbar Al Baker has been re-elected onto the Chair Committee of the global aviation industry body, International Air Transport More...

Kuwait Stock Exchange (KSE)
By Staff writer On Tuesday, June 24th, 2014
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KSE indexes in red zone at closing

Kuwait Stock Exchange (KSE) Main indices of Kuwait Stock Exchange (KSE) settled in the red zone upon closing Monday’s session, where the price index settled at 6,972.89 points, shedding 51.37 points, the weighted More...

Kuwait's non-oil growth to hit 5-6 pct in 2015-16
By Staff writer On Tuesday, June 24th, 2014
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Kuwait’s 1000 Projects Expo hosts symposium on GCC SMEs-support initiatives

Kuwait’s 1000 Projects Expo hosted Monday a symposium on the initiatives and experience of Gulf Cooperation Council (GCC) member states in supporting youth entrepreneurs and promoting small and medium-sized More...

Tamdeen Group
By Staff writer On Tuesday, June 24th, 2014
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Tamdeen Group posts operating profit of KD 8 mln

Tamdeen Group Tamdeen Group announced, on Monday, operating profit of more than KD 8 million in 2013, an increase of 11 fils per share. The real estate company was able to lower funding cost by 23 percent compared More...

Barwa Real Estate Company
By Staff writer On Tuesday, June 24th, 2014
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Barwa Signs A Share Sale and Purchase Agreement with Labregah Real Estate Company

Barwa Real Estate Company Barwa Real Estate Company Q.S.C. is pleased to announce that it has entered into a share sale and purchase agreement with Labregah Real Estate Company Q.S.C., a wholly-owned subsidiary More...

Oracle Health Sciences
By Staff writer On Monday, June 23rd, 2014
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Oracle Introduces Oracle Health Sciences Data Management Workbench to Aggregate, Reconcile and Transform Disparate Sources of Clinical Trial Data

Oracle Health Sciences Bi-directional Integration with Oracle Health Sciences InForm Enables Real-time Clinical Trial Data Visibility and Reduces Data Management Costs 18 July 2014   News Summary Life sciences More...

Arif Mubarak, Chief Executive Officer, Arady Developments
By Staff writer On Monday, June 23rd, 2014
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Arady to Host Sales Event for Central Park’s New Residential Units

Arif Mubarak, Chief Executive Officer, Arady Developments Developer offers three bedroom duplex and penthouses for the first time Arady Developments, a joint venture between Deyaar Development and Dubai Properties More...

Crotonville global leadership institute
By Staff writer On Monday, June 23rd, 2014
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GE hosts first-of-its-kind ‘GE Saudi Women Leadership Summit’ in the US to share global best practices in business leadership

Crotonville global leadership institute Saudi Women’s Leadership Summit in GE’s Crotonville global leadership institute was attended by women leaders from Saudi government and private sectors Crotonville is More...

Canon
By Staff writer On Monday, June 23rd, 2014
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Canon acquires Milestone to make major advance in network video surveillance business

Canon Canon, world leader in imaging solutions, today announced it has signed an agreement to acquire Denmark-based Milestone Systems A/S, a world leading provider of open platform video management software, via More...

CSI: Hidden Crimes, mobile game
By Staff writer On Monday, June 23rd, 2014
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Flagship twofour54 partnerUbisoft® releases itsfirst mobile game developed in Abu Dhabi

Game Walkthrough CSI: Hidden Crimes™was released on May 1stand Reached Top 5 Most Downloaded Game in the App Store in more than 100 Countries   twofour54, the commercial arm of Media Zone Authority is proud to More...

Peter England, RAKBANK CEO
By Staff writer On Monday, June 23rd, 2014
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RAKBANK Concludes Issuance of USD 500 million Bond

The National Bank of Ras Al-Khaimah P.S.C. (“RAKBANK”), rated Baa1 by Moody’s and BBB+ by Fitch (both with stable Peter England, RAKBANK CEO outlook), successfully priced a 5-year USD 500 million bond More...

The Ritz-Carlton, Riyadh, Saudi Arabia
By Staff writer On Monday, June 23rd, 2014
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THE RITZ-CARLTON, RIYADH CLUB & SUITES LUXURY LIFESTYLE MEETS EXCEPTIONAL EXPERIENCES

Epitomizing the exceptional service standards and attention to detail associated with Ritz-Carlton hotels around the world, the Royal Suites at Ritz-Carlton, Riyadh brings together diverse experiences designed to More...

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