Date archive forJuly, 2014
Emirates Airline, plane cabin
By Staff writer On Thursday, July 31st, 2014
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Emirates Airline is first airline to introduce audio description soundtracks for inflight movies

Emirates Airline, plane cabin Emirates Airline continues to set industry standards by becoming the first airline to introduce Audio Description on movies for visually impaired customers on its inflight entertainment More...

Amir Sheikh Sabah Al Ahmad Al Jaber Al Sabah
By Staff writer On Thursday, July 31st, 2014
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His Highness the Amir sends cable of congratulations to Morocco’s King

Amir Sheikh Sabah Al Ahmad Al Jaber Al Sabah His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent Wednesday a cable of congratulations to King Mohammed VI of Morocco on the occasion of the 15th anniversary More...

Guatemala, Kuwait
By Staff writer On Thursday, July 31st, 2014
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Guatemalan FM receives invitation to visit Kuwait

Guatemala, Kuwait The First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah has sent an official invitation to Guatemalan Foreign Minister Luis Fernando Carrera Castro to visit Kuwait More...

Hareb Mubarak Al-Muhairi, the Vice President for Commercial Affairs at Etihad Airways and Ahmed Habroush Al Rumaithi, Director of the Office of H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan
By Staff writer On Thursday, July 31st, 2014
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Etihad Airways and Abu Dhabi Marine Sports Club ink joint agreement

Hareb Mubarak Al-Muhairi, the Vice President for Commercial Affairs at Etihad Airways and Ahmed Habroush Al Rumaithi, Director of the Office of H.H. Dr. Sheikh Sultan bin Khalifa Al Nahyan  In the presence of H.H. More...

Kuwait Stock Exchange (KSE)
By Staff writer On Wednesday, July 30th, 2014
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Traders expect rise in KSE after Eid vacation

Kuwait Stock Exchange (KSE)  Kuwaiti traders expect that the Kuwait Stock Exchange (KSE) will rise, after vacation of Eid Al-Fitr, due to the announcements of earnings of companies which offer their financial data More...

QNA_Qatar_OmanFlag_27072014
By Staff writer On Monday, July 28th, 2014
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HH the Personal Representative of HH the Emir Leaves Sultanate of Oman

HH Sheikh Jassim bin Hamad Al -Thani, the Personal Representative of HH the Emir and his accompanying delegation left the Sultanate of Oman this evening after a short visit His Highness and the accompanying delegation More...

Qatar Stock Exchange
By Staff writer On Monday, July 28th, 2014
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Qatar Exchange Index Drops 75.51 Points

Qatar Stock Exchange Qatar Stock Exchange index went down by 75.51 points (-0.58%) Sunday when trading closed at 12,877.31 points. The trading valued reached QR 473.104 Million with a volume of 11,258,818 shares More...

kuwait embassy, london
By Staff writer On Monday, July 28th, 2014
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Kuwait embassy issues UK travel advice

kuwait embassy, london The Kuwaiti Embassy in London issued Sunday a travel advice to nationals planning to travel to the United Kingdom to help nationals enjoy trouble-free stay in the country. Travelers must abide More...

Kuwait, Qatar
By Staff writer On Monday, July 28th, 2014
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His Higness the Amir receives Qatar’s Sheikh Jassim

Kuwait, Qatar His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in the presence of His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah met Sunday at Dasman Palace with Sheikh Jassim More...

Saudi Stock Exchange
By Staff writer On Monday, July 28th, 2014
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Saudi Stock Exchange Index Rises 7 % in July

Saudi Stock Exchange Saudi Stock Exchange “Tadawul” index closed at the end of last July at 10214.73, up 7.38 % compared to June, which is the highest rate since 2008. The Exchange’s monthly statistical More...

Bank of Sharjah
By Staff writer On Sunday, July 27th, 2014
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Bank of Sharjah announces financial results for the first half of 2014

Bank of Sharjah  Bank of Sharjah today announced its financial results for the six months ending June 30, 2014. The bank’s net profit for the first half of 2014 increased by 6% to reach AED 152 million, compared More...

Barwa Bank Group
By Staff writer On Sunday, July 27th, 2014
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Barwa Bank Net Profits Rise by 35% for First Half of 2014

Barwa Bank Group Barwa Bank Group on Saturday announced its financial results for the first half of 2014. The results show an increase in the bank’s net profit by 35% to reach QAR 411 million compared with More...

inspection campaign by The Ministry of Economy and Commerce
By Staff writer On Sunday, July 27th, 2014
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Ministry of Economy and Commerce Intensifies Inspection before Eid al-Fitr

inspection campaign by The Ministry of Economy and Commerce The Ministry of Economy and Commerce announced today that it has intensified inspection campaigns on much of the stuffs and commodities that enjoy demand More...

QNB
By Staff writer On Sunday, July 27th, 2014
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QNB Group: New Reformist Indonesian President Could Generate Investment Opportunities

QNB Joko Widodo (better known as Jokowi) and his vice-presidential candidate, Jusuf Kalla, won Indonesia’s presidential elections on July 22. The pair are widely considered to be capable of driving through reforms More...

Abdiweli Sheikh Ahmed, Somalia Prime Minister and Hassan bin Hamza Assad Mohamed,  Acting Charge d'Affairs in the Qatari embassy in Mogadishu
By Staff writer On Sunday, July 27th, 2014
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Qatari-Somali Relations Discussed

Abdiweli Sheikh Ahmed, Somalia Prime Minister and Hassan bin Hamza Assad Mohamed, Acting Charge d’Affairs in the Qatari embassy in Mogadishu Somalia Prime Minister Abdiweli Sheikh Ahmed met here on Saturday More...

Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, the Prime Minister and Interior Minister
By Staff writer On Sunday, July 27th, 2014
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HE Prime Minister Sends Congratulations to Maldives President

Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, the Prime Minister and Interior Minister HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani sent on Saturday a cable of congratulations More...

Prince Muqrin bin Abdulaziz Al Saud, Saudi Deputy Crown Prince
By Staff writer On Sunday, July 27th, 2014
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Saudi Deputy Crown Prince arrives here for short visit

Prince Muqrin bin Abdulaziz Al Saud, Saudi Deputy Crown Prince Prince Muqrin bin Abdulaziz Al Saud, Saudi Deputy Crown Prince, Second Deputy Premier, Advisor and official Envoy of the Custodian of the Two Holy More...

Etisalat
By Staff writer On Sunday, July 27th, 2014
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Etisalat announces working hours during Eid Al Fitr holidays

Etisalat Etisalat has announced its business hours to ensure customers can continue to access Etisalat’s services during the upcoming Eid Al Fitr holidays. From 27 July to 31 July, the following Business Centres More...

His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates
By Staff writer On Sunday, July 27th, 2014
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President, VP, Mohamed bin Zayed congratulate Iraq’s new President

His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates  President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable to President Fouad Massoum of Iraq on the occasion More...

Federation of Chambers of Commerce and Industry of the Gulf Cooperation Council (GCC)
By Staff writer On Sunday, July 27th, 2014
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GCC Chambers Federation participates in Railways Conference in Oman

Federation of Chambers of Commerce and Industry of the Gulf Cooperation Council (GCC) The Federation of Chambers of Commerce and Industry of the Gulf Cooperation Council (GCC) Arab States will participate in the More...

Arab Investment Company
By Staff writer On Sunday, July 27th, 2014
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Arab Investment Company Achieves $ 55.9 Million Net Profit in 2013

Arab Investment Company  Arab Investment Company has achieved net profits of 55,9 million U.S. dollars in 2013, up 36%, compared to $ 41,1 million in 2012, while total shareholders’ equity increased to 1025 More...

oil barrel
By Staff writer On Saturday, July 26th, 2014
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OPEC daily basket price stood at $105.22 a barrel

oil barrel  The price of OPEC basket of twelve crudes stood at 105.22 dollars a barrel on Thursday, compared with $105.30 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

dubai international airport
By Staff writer On Saturday, July 26th, 2014
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Dubai International passenger numbers up 6.2% during H1

dubai international airport Passenger traffic at Dubai International rose to 34,676,090 during the first half of 2014, up 6.2% from the same period last year despite a runway refurbishment programme that reduced More...

oil barrel
By Staff writer On Saturday, July 26th, 2014
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Kuwait crude up 21 cents to USD 105.14 pb

oil barrels The price of Kuwaiti crude oil went up 21 cents to settle at USD 105.14 per barrel on Thursday compared to USD 104.93 pb the day before, Kuwait Petroleum Corporation (KPC) said Friday. The increase came More...

Qatar Stock Exchange
By Staff writer On Saturday, July 26th, 2014
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Qatar Exchange Index Drops 236.74 Points

Qatar Stock Exchange Qatar Exchange index dropped 236.74 points (-1.79) Thursday to go below the threshold of 13,000 points and finished the day’s trading at 12,952.82 points. The trading value reached QR More...

Barwa
By Staff writer On Saturday, July 26th, 2014
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Barwa Posts 14% Net Profit Increase in H1

Barwa Barwa Real Estate Company financial statements for the period ending June 30, 2014 revealed a net profit of QR 222.22 Million, 14 % increase in comparisons to QR 199.18 Million for the same period last year. The More...

Turki Al Khater , UDC Chairman and Managing Director
By Staff writer On Saturday, July 26th, 2014
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UDC Announces QR 521 million Net Profit for First Half of 2014

Turki Al Khater , UDC Chairman and Managing Director United Development Company ( UDC ), a leading Qatari shareholding companies and master developer of The Pearl-Qatar, today announced another strong performance More...

Ibrahim J al Othman, GDI CEO and  Engineer Abdullah Fadhalah al Sulaiti, N-KOM Chairman
By Staff writer On Saturday, July 26th, 2014
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Gulf Drilling Awards Two Contracts to Nakilat-Keppel Offshore

Ibrahim J al Othman, GDI CEO and Engineer Abdullah Fadhalah al Sulaiti, N-KOM Chairman Gulf Drilling International (GDI) Limited has awarded two contracts worth US $110 Million to Nakilat-Keppel Offshore and Marine More...

Qatar Tourism Authority (QTA)
By Staff writer On Saturday, July 26th, 2014
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QTA Announces Qatar Summer Festival 2014

Qatar Tourism Authority (QTA) Qatar Tourism Authority (QTA) has announced it will host the first ever Qatar Summer Festival, which will commence immediately after Eid al Fitr holiday, from 4 August to 27 September More...

Ahmet Davutoglu, Turkish Foreign Minister  and  Dr. Khalid bin Mohammed Al-Attiyah,   Minister of Foreign Affairs
By Staff writer On Saturday, July 26th, 2014
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Turkish Foreign Minister Arrives in Qatar

Ahmet Davutoglu, Turkish Foreign Minister and Dr. Khalid bin Mohammed Al-Attiyah, Minister of Foreign Affairs Turkish Foreign Minister Ahmet Davutoglu arrived here Friday afternoon on an official visit. He was welcomed More...

Sultan bin Salmeen Al Mansouri, Qatar's Ambassador to the People's Republic of China and Wang Zhiqing,  deputy chief of Civil Aviation Administration of China (CAAC)
By Staff writer On Saturday, July 26th, 2014
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Qatari Ambassador in Beijing Meets Deputy Chief of CAAC

Sultan bin Salmeen Al Mansouri, Qatar’s Ambassador to the People’s Republic of China and Wang Zhiqing, deputy chief of Civil Aviation Administration of China (CAAC)  HE Qatar’s Ambassador to the More...

UAE accounts for 86 percent of GCC licenses for economic activities
By Staff writer On Friday, July 25th, 2014
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UAE makes headway in human development, says international report

United Arab Emirates  The United Arab Emirates has made significant achievements in 2014 with human development index, a yardstick of human welfare in terms healthcare, education and Gross Domestic Product, jumped More...

Laurie Berryman, Emirates UK VP, Sir Tim Clark, President of Emirates Airline
By Staff writer On Friday, July 25th, 2014
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Emirates opens dedicated lounge at Glasgow Airport

Laurie Berryman, Emirates UK VP, Sir Tim Clark, President of Emirates Airline Emirates is celebrating the start of the Commonwealth Games in style with the official opening of its lounge at Glasgow Airport by the More...

DP World Reports 8.9% Volume Growth In 2014
By Staff writer On Friday, July 25th, 2014
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DP World reports 9.3 per cent in H1 of 2014

DP World DP World Limited handled 29.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2014, with gross container volumes growing by 9.3 per More...

Emirates NBD announces 2014 results
By Staff writer On Friday, July 25th, 2014
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Emirates NBD announces H1 2014 results

Emirates NBD Emirates NBD has delivered an impressive set of financial results with net profit up 30% year on year to AED2.35 billion. The strong operating performance for the first half of 2014 was helped by solid More...

Finance House
By Staff writer On Friday, July 25th, 2014
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Finance House net profit increases to AED61.2 million in H1 2014

Finance House Finance House PJSC has registered a robust consolidated net-profit of AED61.2 million for the six months ended 30th June 2014, marking an increase of 8.3% compared to AED56.5 million in the corresponding More...

Emirates Integrated Telecommunications Company ''du''
By Staff writer On Friday, July 25th, 2014
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du’s Q2 2014 revenues exceed AED3 billion

Emirates Integrated Telecommunications Company ”du” Emirates Integrated Telecommunications Company PJSC, du, today announced its financial results for the second quarter of 2014, which the company said More...

The International Monetary Fund (IMF)
By Staff writer On Friday, July 25th, 2014
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IMF lowers 2014 global economic forecast

The International Monetary Fund (IMF) The International Monetary Fund (IMF) on Thursday lowered its global economic growth forecast in 2014, citing “negative surprises” in the US and Chinese markets More...

Kuwait Stock Exchange (KSE)
By Staff writer On Friday, July 25th, 2014
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KSE indices end in green zone

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) closed Thursday with the main indices ending trade in the green zone. Weighted index read 481.77, up by 1.03 points, price index was at level of 7,130.89, More...

US Dollar, Kuwaiti dinar
By Staff writer On Friday, July 25th, 2014
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USD unchanged against KD at 0.282

US Dollar, Kuwaiti dinar Exchange rate of the US greenback vis-a-vis the Kuwaiti Dinar was unchanged on Thursday trading at KD 0.282 per dollar while the EU currency was also unchanged trading at KD 0.380, said More...

The Kuwait Oil Company (KOC)
By Staff writer On Friday, July 25th, 2014
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KD 662 mln to build 3 collection centres north of Kuwait

The Kuwait Oil Company (KOC) The Kuwait Oil Company (KOC) on Thursday signed contracts worth KD 662 million (USD 2.342 billion) to build three collection centres in the company’s areas of operations north More...

Kuwait Central Statistical Bureau
By Staff writer On Friday, July 25th, 2014
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Local inflation increased by 2,87% last June

Kuwait Central Statistical Bureau Kuwait Central Statistical Bureau has issued the monthly report on statistical analysis of the indices of consumer prices for last June with indicators of the rates of change for More...

Dubai Islamic Bank
By Staff writer On Thursday, July 24th, 2014
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Dubai Islamic Bank Group First Half 2014

Dubai Islamic Bank Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its 1st Half results for the period ended June 30, More...

Ooredoo Pushes to Support More "Smart Cities" in 2015
By Staff writer On Thursday, July 24th, 2014
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Ooredoo Delivers Net Profit of QAR 1.7 billion in 1H 2014

Ooredoo OoredooQ.S.C. (“Ooredoo”) – Ticker: ORDS.QAtoday announced results for the six months ended 30 June 2014. Financial Highlights: Quarterly Analysis Half Year Analysis Q2 2014 Q2 2013 % More...

Keith Fenner, Senior Vice President Sales – Sage ERP Africa and Head of Sage Middle East
By Staff writer On Thursday, July 24th, 2014
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Sage Middle East to launch Sage ERP version 7 at Gitex

Keith Fenner, Senior Vice President Sales – Sage ERP Africa and Head of Sage Middle East Latest release of Sage ERP solution provides tools to simplify complex processes and speed up access to business-critical More...

New Oracle Data Cloud
By Staff writer On Thursday, July 24th, 2014
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: New Oracle Data Cloud and Data-as-a-Service Offerings Redefine Data-Driven

New Oracle Data Cloud New Oracle Data Cloud and Data-as-a-Service Offerings Redefine Data-Driven Enterprise   Oracle’s Innovative Data Services Fuels Competitive Advantage for Marketing and Social News Summary In More...

Emirates NBD Private Banking logo - English
By Staff writer On Thursday, July 24th, 2014
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“PROFIT MARGINS ARE GROWING FOR MAJOR GCC COMPANIES,” says the CIO office at Emirates NBD Wealth Management

GCC equity markets bounce back strongly as profits surge India boosts bank lending to long-term infrastructure projects Major central banks remain accommodative Watch US inflation data for clues to the More...

9899fd034cda92b2_org
By Staff writer On Thursday, July 24th, 2014
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Deyaar Registers a Record 129% Increase in Consolidated Net Profits for Q2 2014

Saeed Mohammed Al Qatami, Chief Executive Officer of Deyaar Development Financial Highlights: Net Profit for H1 2014 Notches up AED114.6 million, an increase of 145% from AED46.6 million for H1 2013 Net Profit More...

amait 756
By Staff writer On Thursday, July 24th, 2014
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GCAA to emphasis importance of airport safety culture at EMASS 2014 in Dubai

 Ismaeil Mohamed Al Blooshi, Assistant Director General of the Aviation Safety Affairs Sector, U.A.E. General Civil Aviation Authority (GCAA), will deliver a keynote address at the Emerging Markets Airport Security More...

Dubai
By Staff writer On Thursday, July 24th, 2014
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Dubai real estate transactions for first half 2014 top AED 113bn

Dubai Dubai Land Department ( DLD ) has announced that the total amount of real estate transactions recorded in the emirate for the first six months of 2014 exceeded AED 113 billion. A financial report issued by More...

PwC Africa Oil & Gas
By Staff writer On Thursday, July 24th, 2014
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Africa’s oil & gas sector continues to show substantial growth: PwC says

PwC Africa Oil & Gas The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled resources, More...

Empower
By Staff writer On Thursday, July 24th, 2014
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Empower sets up Command and Control Centre

Empower Empower, the world’s largest district cooling services provider, has begun construction for a state-of-the-art Command and Control Centre (CCC) in Dubai, a project which integrates all operations for the More...

Abu Dhabi Ports Company, ADPC
By Staff writer On Thursday, July 24th, 2014
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Abu Dhabi Ports experience significant cargo growth

Abu Dhabi Ports Company, ADPC Abu Dhabi Ports Company, ADPC, has said that general cargo movement through Abu Dhabi’s commercial Ports has increased by 37% this year. Commercial ports (Musaffah, Khalifa and Zayed More...

Imdaad sign an agreement with Dubai Trade
By Staff writer On Thursday, July 24th, 2014
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Imdaad integrates with Dubai Trade’s e-Payment gateway

Imdaad sign an agreement with Dubai Trade  Imdaad, an integrated facilities management solutions company, has recently entered into an agreement with Dubai Trade to utilise the trade facilitator’s Rosoom More...

Etihad Airways, Jet Airrways
By Staff writer On Thursday, July 24th, 2014
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Jet Airways and Etihad Airways reinforce commitment to growth of India’s aviation industry

Etihad Airways, Jet Airrways Etihad Airways, the national airline of the United Arab Emirates, and Jet Airways, India’s premier international airline, have outlined plans to reinforce their long-term commitment More...

oil barrel
By Staff writer On Thursday, July 24th, 2014
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OPEC daily basket price for Tuesday, 22nd July 2014

oil barrel The price of OPEC’s basket of twelve crudes stood at US$105.74 a barrel on Tuesday, compared with US$105.07 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

The Dubai Commodities Clearing Corporation, DCCC
By Staff writer On Thursday, July 24th, 2014
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DCCC completes first physical delivery of plastics futures contract

The Dubai Commodities Clearing Corporation, DCCC  The Dubai Commodities Clearing Corporation, DCCC, the Central Counter-Party service provider wholly owned by the Dubai Gold and Commodities Exchange, DGCX, has More...

Etisalat
By Staff writer On Thursday, July 24th, 2014
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Etisalat launches region’s first Smartphone Protection Plans in partnership with AXA

Etisalat Etisalat, the U.A.E.’s leading telecommunication services provider, has launched the region’s first Smartphone Protection Plans, which protect handsets both within and outside the U.A.E. from theft More...

Emirates REIT
By Staff writer On Thursday, July 24th, 2014
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Emirates REIT Aannounces Net Profits for H1

Emirates REIT Emirates REIT (CEIC) Limited (Emirates REIT or the REIT), the first Shari’a compliant regulated real estate investment trust incorporated in the Dubai International Financial Centre (DIFC), today More...

H.E Sheikh Dr Khalid Bin Thani Bin Abdullah Al Thani, Chairman, Vodafone Qatar
By Staff writer On Wednesday, July 23rd, 2014
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VODAFONE QATAR CONTINUES DELIVERING STRONG GROWTH IN FIRST QUARTER

H.E Sheikh Dr Khalid Bin Thani Bin Abdullah Al Thani, Chairman, Vodafone Qatar Vodafone Qatar Q.S.C. (“Vodafone Qatar” or “The Company”) announced its financial results for the quarter ended 30 June 2014.   June More...

RAKBANK
By Staff writer On Wednesday, July 23rd, 2014
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RAKBANK Reports AED 700 million Net Profit in H1 2014

RAKBANK RAKBANK achieved a net profit of AED 700.4 million for the half year ended 30 June 2014. Total assets stood at AED 34.5 billion growing 21.8% year-on-year and 14.7% on a year-to-date basis. Gross loans More...

Dubai Mercantile Exchange
By Staff writer On Wednesday, July 23rd, 2014
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DME Oman barrel price up US$1.41

Dubai Mercantile Exchange Oman crude oil futures contract (DME Oman) for September jumped US$1.41 to settle at US$105.95, up US$1.41, at 0830 GMT (12: 30 p.m. Dubai local time) on Tuesday. Dubai Mercantile Exchange, More...

Waha Capital PJSC
By Staff writer On Wednesday, July 23rd, 2014
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Waha Capital reports record Q2 preliminary net profit of AED 1.1 bn

Waha Capital PJSC  Waha Capital PJSC, a leading investment company based in Abu Dhabi (ADX: WAHA), has reported a preliminary net profit of AED 1.138 billion for the second quarter of 2014, up from AED 38.4 million More...

First Gulf Bank
By Staff writer On Wednesday, July 23rd, 2014
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FGB net profit up 21 percent in H1, 2014

First Gulf Bank FGB has announced its H1’2014 financial results, showing continued and solid performance across all business lines. The Bank’s Net Profit stood at AED 2,680 million, a 21 percent increase when More...

dubai international airport
By Staff writer On Wednesday, July 23rd, 2014
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DXB resumes full operations after reopening northern runway

dubai international airport  Dubai Airports has announced successful resumption of its full operations at Dubai International from yesterday following the reopening of the northern runway. The company says that More...

oil barrels
By Staff writer On Wednesday, July 23rd, 2014
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OPEC daily basket price for Monday, 21st July 2014

The price of OPEC’s basket of twelve crudes stood at US$105.07 a barrel on Monday, compared with $105.54 the previous day, oil barrels according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

RAK Petroleum Public Company
By Staff writer On Wednesday, July 23rd, 2014
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RAK Petroleum announces fifth consecutive year of profitability

RAK Petroleum Public Company RAK Petroleum Public Company Limited, the energy investment company, today announced a net profit of AED 58.1 million for the year ended 31st December 2013, marking a fifth consecutive More...

Strata Manufacturing l
By Staff writer On Wednesday, July 23rd, 2014
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Strata delegation tours Airbus A350 at Al Ain Airport

Strata Manufacturing l A delegation of U.A.E. nationals from Strata Manufacturing, the advanced composite aerostructures manufacturing facility wholly-owned by Mubadala Development Company, recently visited an Airbus More...

Qurain Petrochemical Industries
By Staff writer On Wednesday, July 23rd, 2014
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Qurain Petrochemical Industries posts KD 930.000 profits for Q’1 of 2014/2015

Qurain Petrochemical Industries Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD 930.000 (USD 3.3 million) for the first quarter of the 2014/2015 financial year that ended 30 June More...

Kuwait Stock Exchange (KSE)
By Staff writer On Wednesday, July 23rd, 2014
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KSE indices end in green zone

Kuwait Stock Exchange (KSE)  Kuwait Stock Exchange (KSE) closed Tuesday with the main indices ending trade in the green zone Weighted index read 479.92, up by 1.37 points, price index was at level of 7,096.98, More...

oil barrel
By Staff writer On Wednesday, July 23rd, 2014
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Kuwait oil down to USD 104.78 pb

oil barrel  The price of Kuwaiti crude oil fell by 55 cents to USD 104.78 per barrel (pb) on Monday against USD 105.33 pb the day before, the Kuwait Petroleum Corporation (KPC) said here on Tuesday. Global oil More...

b00a4496e3bc682b_org
By Staff writer On Tuesday, July 22nd, 2014
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Just Falafel – Recent Expansions; Signs 10 stores in Oman, Opens 2nd store in Australia, 1st store in Canada

·         Just Falafel Signs 10 stores in Oman Just Falafel is set to increase its presence in Oman. The new stores will be located throughout the country, with the first two restaurants centered around More...

Alex Thursby, Group CEO of NBAD
By Staff writer On Tuesday, July 22nd, 2014
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NBAD 1H Net Profits Up 7.9% to AED 2.8 Billion

H.E. Nasser Alsowaidi, Chairman of NBAD 1H 2014 Highlights Net Profits were AED 2.8Billion, up 7.9% y-o-y Revenues wereAED 5.1 Billion, up 4.4% y-o-y Total Assets grew to AED 348.5Billion, up 6.7% y-o-y Loans More...

Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi)
By Staff writer On Tuesday, July 22nd, 2014
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Abu Dhabi’s tourism industry heads down under to build on growing Australian links

Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) Abu Dhabi’s tourism industry is heading for Australia later this month for a three-destination road show aimed at capitalising on growing awareness in, More...

Emirates Identity Authority
By Staff writer On Tuesday, July 22nd, 2014
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Emirates ID Concurs with Biometrics Institute’s Findings

Emirates Identity Authority  The Emirates Identity Authority has welcomed the findings of the 2014 Industry Survey by the Biometrics Institute, London. The survey, which provides valuable insights into the different More...

General Women's Union (GWU)
By Staff writer On Tuesday, July 22nd, 2014
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GWU, FAO sign MoU on women’s empowerment in agriculture

General Women’s Union (GWU)  In implementation of directives given by H.H. Sheikha Fatima bint Mubarak, Chairwoman of the U.A.E. General Women’s Union (GWU) and the Extraordinary Ambassador of the UN More...

National Bank of Fujairah  (NBF)
By Staff writer On Tuesday, July 22nd, 2014
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National Bank of Fujairah PJSC’s 2014 half year net profit surges

National Bank of Fujairah (NBF) National Bank of Fujairah PJSC (NBF) registered a net profit of AED 239.5 million for the half year ended 30 June 2014 compared to AED 183.5 million in the corresponding period of More...

Sharjah Islamic Bank
By Staff writer On Tuesday, July 22nd, 2014
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Sharjah Islamic Bank announces a 50 percent rise in net profits to reach AED 202.1 million

Sharjah Islamic Bank Sharjah Islamic Bank has announced its H1, 2014 results with Net Profits reaching AED 202.1 million, compared to 134.7 million achieved in the same period last year, a 50 percent growth rate. Net More...

Abu Dhabi International Airport
By Staff writer On Tuesday, July 22nd, 2014
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Abu Dhabi International Airport boosts services for the summer season

Abu Dhabi International Airport Abu Dhabi International Airport has geared up for a huge spike in passenger numbers during the summer season through providing a series of facility developments and service upgrades. The More...

Dubai Supreme Council of Energy
By Staff writer On Tuesday, July 22nd, 2014
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Dubai Supreme Council of Energy reviews implantation phases of Demand Side Management strategy

Dubai Supreme Council of Energy Dubai Supreme Council of Energy has reviewed the implantation phases of Demand Side Management strategy during its 30th board meeting under the chairmanship of H.H. Sheikh Ahmed bin More...

oil barrels
By Staff writer On Tuesday, July 22nd, 2014
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OPEC’s daily basket price for Friday

oil barrels The price of OPEC’s basket of twelve crudes stood at US$105.54 a barrel on Friday, 18th July, 2014, compared with $105.04 the previous day, according to OPEC Secretariat calculations. The new OPEC More...

Dubai Chamber of Commerce and Industry
By Staff writer On Tuesday, July 22nd, 2014
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Dubai Chamber report highlights growing popularity of Islamic finance

Dubai Chamber of Commerce and Industry A report issued by the Dubai Chamber of Commerce and Industry, based on a recent study by Ernst and Young, says that global Islamic banking assets have registered cumulative More...

Abu Dhabi Islamic Bank (ADIB)
By Staff writer On Tuesday, July 22nd, 2014
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ADIB postpones instalments for finance customers in celebration of Eid Al-Fitr

Abu Dhabi Islamic Bank (ADIB) Abu Dhabi Islamic Bank (ADIB) is again postponing monthly repayment instalments for personal and car finance customers for the Holy Month of Ramadan. The payment break is being offered More...

b8d3fc0e98cdda4c_org
By Staff writer On Monday, July 21st, 2014
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SOL PROPERTIES LAUNCHES BLOOMINGDALE, AN EXCLUSIVE GATED COMMUNITY IN THE HEART OF DUBAI SPORTS CITY

Prestigious lifestyle amenities, and superb location consisting of 72 units with four and five bedroom villas at affordable prices Proximity to key locations including Sheikh Zayed Road, Mall of the Emirates, More...

Marc Mollema, NBAD new Managing Director and Global Head of Energy & Resources
By Staff writer On Monday, July 21st, 2014
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NBAD Appoints MD to Expand Services to Energy and Resources Sector

Marc Mollema, NBAD new Managing Director and Global Head of Energy & Resources The National Bank of Abu Dhabi (NBAD) has appointed Marc Mollema as the Managing Director and Global Head of Energy & Resources More...

Mr. Alex Deng, chairman of Huawei Corporate Sustainable Development Committee
By Staff writer On Monday, July 21st, 2014
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Huawei to Support its Global Supply Chain to Go Green

Huawei announces plans to promote a greener supply chain as the company releases its 2013 Sustainability Report Mr. Alex Deng, chairman of Huawei Corporate Sustainable Development Committee Huawei, a leading global More...

10th World Islamic Economic Forum (WIEF)
By Staff writer On Monday, July 21st, 2014
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Dubai Chamber report highlights growing popularity of Islamic finance over conventional sector

UAE’s Islamic banking assets soar to US$95 billion in 2013 compared to US$83 billion in 2012, says research note In the framework of the preparation for the 10th World Islamic Economic Forum (WIEF), a report More...

Cardiac Surgery Team
By Staff writer On Monday, July 21st, 2014
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Burjeel Hospital Delivers Stronger Hearts with the Latest Technology in Cardiac Surgery

Cardiac Surgery Team Burjeel Hospital, Abu Dhabi’s leading tertiary care facility, introduces one of the latest and most advanced technologies in Cardiac Surgery: the eSVS Meshin coronary artery bypass grafting More...

Etisalat
By Staff writer On Monday, July 21st, 2014
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Etisalat announces 27 per cent increase in Quarterly Consolidated Revenues to AED 12.6 billion

Etisalat Etisalat Group announced today its consolidated financial statements results for the first six months of 2014, with an increase in consolidated revenues and subscribers both in domestic and international More...

MENA, middle east and north africa
By Staff writer On Monday, July 21st, 2014
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MENA IPO proceeds jump 129% in Q2 2014 and up 14% in H1 2014

MENA, middle east and north africa GCC IPOs represented 90% of all MENA IPOs in H1, with 10 GCC IPOs raising US$2.26b which was 67% and 14% higher than H1 2013. Saudi Arabia led the GCC activity in the first half More...

The Roads and Transport Authority (RTA)
By Staff writer On Monday, July 21st, 2014
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RTA embarks on Phase I of traffic diversion on Sheikh Zayed Rd

The Roads and Transport Authority (RTA) The Roads and Transport Authority (RTA) has started works in the initial phase of the main traffic diversion on the Sheikh Zayed Road in the Dubai – Abu Dhabi direction More...

Consumer Price Index (CPI) for the U.A.E increased.
By Staff writer On Monday, July 21st, 2014
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Consumer Price Index Increased by 1.91% in H1:National Bureau of Statistics

Consumer Price Index (CPI) for the U.A.E increased. The Overall Consumer Price Index (CPI) for the U.A.E reached 119.75 in the first half of 2014, and compared with its 2007 base year (2007=100), the average increase More...

Dubai
By Staff writer On Monday, July 21st, 2014
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Dubai real estate market delivers positive performance in Q2 2014: Report

Dubai The Dubai real estate market maintained its positive performance in Q2 2014, according to Dubai Real Estate Overview issued by JLL, the world’s leading real estate investment and advisory firm. The second More...

Abu Abu Dhabi City Municipality
By Staff writer On Monday, July 21st, 2014
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ADM opens new intersection of Al Falah Street

Abu Abu Dhabi City Municipality The Abu Abu Dhabi City Municipality has recently opened a new intersection at the extension of Al Falah Street nearby the buildings of the Municipality and the Ministry of Economy More...

The United Arab Bank P.J.S.C ,"UAB"
By Staff writer On Monday, July 21st, 2014
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UAB announces net profit of AED 328m for H1, 2014

The United Arab Bank P.J.S.C ,”UAB” The United Arab Bank P.J.S.C (“UAB” or “the Bank”) has announced its financial results for the six months ended 30 June 2014, showing a net More...

The U.A.E. Banks Federation
By Staff writer On Monday, July 21st, 2014
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New interim lending facility agreed for banks

The U.A.E. Banks Federation The U.A.E. Banks Federation has said that the Interim Margin Lending Facility, which was recently announced by the U.A.E. Central Bank to assist banks facing short term liquidity shortfalls More...

Central Bank of the U.A.E.
By Staff writer On Monday, July 21st, 2014
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UAE Central Bank announces 64% Emiratisation

Central Bank of the U.A.E. The Central Bank of the U.A.E. has announced that the ratio of Emirati employees working at the Bank reached 64% at the end of the first half of 2014. The ratio of Emiratisation by job More...

Sharjah Islamic Bank
By Staff writer On Monday, July 21st, 2014
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Sharjah Islamic Bank launches personal finance Summer Offer

Sharjah Islamic Bank  Sharjah Islamic Bank has launched their Splendid Summer Offer – a new personal finance product with rates starting from only 2.99 percent. The move is part of the bank’s commitment to More...

Al-Ahli Bank, Kuwait
By Staff writer On Monday, July 21st, 2014
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Al-Ahli Bank achieves 11pct profit growth in H1 2014

Al-Ahli Bank, Kuwait Al-Ahli Bank of Kuwait announced achieving a net profit of KD 19.1 million for the fist half of 2014 ending on June 30, compared to KD 17.2 million in 2013, representing an 11pct increase. Earnings More...

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