Date archive forJanuary, 2015
US dollar, Kuwaiti dinar
By Staff writer On Friday, January 30th, 2015
0 Comments

USD stable against KD at 0.294

US dollar, Kuwaiti dinar The exchange rate of the US Dollar against the Kuwaiti Dinar was stable on Thursday at KD 0.294, while the Euro dropped to KD 0.332 compared to yesterday’s exchange rates, said the More...

kuwait stock exchange
By Staff writer On Friday, January 30th, 2015
0 Comments

KSE ends week’s trading in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Thursday’s trading in the red zone as the weighted index lost 1.91 points, recording 441.84 points, the price index dropping 64.33 points, reaching 6,572.26 More...

Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah, Minister of Foreign Affair
By Staff writer On Friday, January 30th, 2015
0 Comments

Kuwaiti-S. Korean’s eco. ties “excellent” – Sheikh Dr. Mohammad Al-Sabah

Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah, Minister of Foreign Affair The economic relation between South Korea and Kuwait is excellent and continuously progressing, Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah More...

Oil price
By Staff writer On Friday, January 30th, 2015
0 Comments

Plunging oil price brings significant losses, some gains

Oil price The economies of the Middle East and North Africa (MENA) will have significant consequences due to the over 50 percent decline of world oil prices from USD 115 a barrel to less than USD 50 today, the World More...

Vodafone Qatar Announces Third Quarter 2014 Results
By Staff writer On Friday, January 30th, 2015
0 Comments

Vodafone Qatar Announces Third Quarter 2014 Results

Vodafone Qatar Announces Third Quarter 2014 Results Vodafone Qatar has disclosed its third quarter financial results for the nine month period ended December 31, 2014.The third quarter financial results revealed More...

Qatar Stock Exchange
By Staff writer On Friday, January 30th, 2015
0 Comments

Qatar Exchange Gains 200.77 Points This Week

Qatar Stock Exchange Qatar Exchange index gained 200.77 points (+1.72 percent) this week when the bourse closed Thursday at 11,899.63 points. Trading value during this week decreased by 27.14 percent to reach QR More...

Sheikh Ahmed bin Jassim bin Mohamed Al-Thani, Minister of Economy and Commerce
By Staff writer On Friday, January 30th, 2015
0 Comments

Economy Minister Aspires to Further Cooperation with Germany

Sheikh Ahmed bin Jassim bin Mohamed Al-Thani, Minister of Economy and Commerce Qatar aspires to achieve further economic cooperation with Germany, HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin More...

Commercial Bank of Dubai records 19 percent increase in net profit
By Staff writer On Friday, January 30th, 2015
0 Comments

Commercial Bank of Dubai records 19 percent increase in net profit

Commercial Bank of Dubai records 19 percent increase in net profit Commercial Bank of Dubai’s net profit for the year ended 31st December 2014 increased by 19% to AED1,202.3 million as compared to AED1,010.2 million More...

ADNOC and Total sign New ADCO Concession Agreement
By Staff writer On Friday, January 30th, 2015
0 Comments

ADNOC and Total sign New ADCO Concession Agreement

ADNOC and Total sign New ADCO Concession Agreement The Abu Dhabi National Oil Company, ADNOC, and Total today signed the new 40-year ADCO Concession Agreement for the ADCO onshore oil fields in the Emirate of Abu More...

Cruise ship 'MS Balmoral' makes debut call at Zayed Port
By Staff writer On Friday, January 30th, 2015
0 Comments

Cruise ship ‘MS Balmoral’ makes debut call at Zayed Port

Cruise ship ‘MS Balmoral’ makes debut call at Zayed Port MS Balmoral, the biggest cruise liner of the UK-based shipping line Fred Olsen Cruise Lines, made its first call at the Zayed Port, and was welcomed More...

Minister of Economy Meets Italian Minister of Economic Development
By Staff writer On Thursday, January 29th, 2015
0 Comments

Minister of Economy Meets Italian Minister of Economic Development

Minister of Economy Meets Italian Minister of Economic Development HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani met Wednesday with Italy’s Minister of Economic Development More...

Ahmad Abdulla Al Abdulla , Barwa Real Estate Acting Group CEO and Ibrahim Al Jaidah, Arab Engineering Bureau CEO and Chief Architect
By Staff writer On Thursday, January 29th, 2015
0 Comments

Barwa, Arab Engineering Bureau Sign Agreement to Expand Barwa Al Wakra

Ahmad Abdulla Al Abdulla , Barwa Real Estate Acting Group CEO and Ibrahim Al Jaidah, Arab Engineering Bureau CEO and Chief Architect Barwa Real Estate has signed an agreement of collaboration with the Arab Engineering More...

Qatari Delegation Begins Visit to the United States
By Staff writer On Thursday, January 29th, 2015
0 Comments

Qatari Delegation Begins Visit to the United States

Qatari Delegation Begins Visit to the United States HE Sheikh Mohamed bin Hamad bin Khalifa Al-Thani visited the venue of the city center project in Washington DC and was given a detailed explanation by the officials More...

Kuwait Stock Exchange (KSE)
By Staff writer On Thursday, January 29th, 2015
0 Comments

KSE ends Wednesday’s session in green zone

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) ended Wednesday’s session in the green zone as the weighted index gained 1.92 points, reaching 443.75 points, the price index went up by 21.15 points, More...

oil
By Staff writer On Thursday, January 29th, 2015
0 Comments

OPEC daily basket price for Tuesday 27th January

oil price of OPEC’s basket of twelve crudes stood at US$43.24 a barrel Tuesday, 27th January 2015, compared with $42.90 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket More...

NBAD reports record Q4 and Full Year 2014 results
By Staff writer On Thursday, January 29th, 2015
0 Comments

NBAD reports record Q4 and Full Year 2014 results

NBAD reports record Q4 and Full Year 2014 results The National Bank of Abu Dhab, NBAD, has reported net profits of AED1.372 billion in Q4, 2014, marginally higher and up 28 percent year-over-year. For the full-year More...

Emirates announces two new A380 destinations in Europe
By Staff writer On Thursday, January 29th, 2015
0 Comments

Emirates announces two new A380 destinations in Europe

Emirates announces two new A380 destinations in Europe Emirates announced today the launch of A380 services to two European destinations: Dusseldorf and Madrid, becoming the first airline to operate a scheduled More...

Emirates SkyCargo launches freighter service to Burkina Faso
By Staff writer On Thursday, January 29th, 2015
0 Comments

Emirates SkyCargo launches freighter service to Burkina Faso

Emirates SkyCargo launches freighter service to Burkina Faso Emirates SkyCargo, the freight division of Emirates, has bolstered its operations on its African trade route network with the introduction of a weekly More...

Etihad Flight College receives GCAA approval
By Staff writer On Thursday, January 29th, 2015
0 Comments

Etihad Flight College receives GCAA approval

Etihad Flight College receives GCAA approval Etihad Flight College, a flight training college based at Al Ain International Airport in the UAE, is now authorised to provide the Multi Crew Pilot Licence (MPL) training More...

Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade
By Staff writer On Thursday, January 29th, 2015
0 Comments

MoE official receives Canadian trade delegation

Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, received a Canadian delegation led by Martin Zablocki, More...

Stanbic Bank Uganda Limited
By Staff writer On Thursday, January 29th, 2015
0 Comments

Stanbic Bank Uganda Limited signs US$ 85 million Syndicated Term Loan Facility in Dubai

Stanbic Bank Uganda Limited Stanbic Bank Uganda Limited, a group company of Standard Bank Group Limited (“SBG”), South Africa, today signed a US$85 million 18-month term loan facility in Dubai. Emirates More...

Oil
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Oman Crude Oil Financial Contract will be US$0.90 lower than average daily settlement price

Oil The Department of Oil Affairs of the Government of Dubai has announced that it has notified its customers that the official price of Dubai crude oil to be delivered next April, will be US$0.90 lower than the More...

Saeed Khoory, CEO of ENOC
By Staff writer On Wednesday, January 28th, 2015
0 Comments

ENOC and EMGAS co-host first Middle East LP Gas Summit in Dubai

Saeed Khoory, CEO of ENOC Emirates National Oil Company (ENOC) and its subsidiary Emirates Gas (EMGAS) recently co-hosted the first Middle East LP Gas Summit in Dubai to promote the safe use of Liquefied Petroleum More...

Union National Bank announces record profit of AED 2,021 million for 2014, up by 16%
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Union National Bank announces record profit of AED 2,021 million for 2014, up by 16%

Union National Bank announces record profit of AED 2,021 million for 2014, up by 16% Union National Bank (UNB) reported another year of record profit with the UNB Group profit being AED 2,021 million for the fiscal More...

Hamriyah Free Zone Authority (HFZA)
By Staff writer On Wednesday, January 28th, 2015
0 Comments

HFZA explores the Indian steel industry sector

Hamriyah Free Zone Authority (HFZA) Hamriyah Free Zone Authority (HFZA) has participated in the world’s biggest integrated stainless steel expo ‘INDINOX 2015′ that concluded Tuesday at Mahatma More...

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority
By Staff writer On Wednesday, January 28th, 2015
0 Comments

DXB takes over top spot for international passenger traffic

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority Dubai Airports today released its year-end traffic report which confirm that Dubai International Airport, DXB, has secured its position More...

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani , Minister of Economy and Commerce with Lord Alderman Alan Yarrow, Head of the City of London
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Minister of Economy Meets Head of London Financial District

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani , Minister of Economy and Commerce with Lord Alderman Alan Yarrow, Head of the City of London HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed More...

Jassim bin Saif Al-Sulaiti , Qatar, Minister of Transport and Aliou Diallo, Guinea , minister of transport
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Qatar and Guinea Sign Air Transport Agreement

Jassim bin Saif Al-Sulaiti , Qatar, Minister of Transport and Aliou Diallo, Guinea , minister of transport HE the Minister of Transport Jassim bin Saif Al-Sulaiti and his Guinean counterpart Aliou Diallo, i today More...

Rashid bin Ali Al Mansoori, CEO of Qatar Stock Exchange
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Qatar Exchange CEO Stresses Importance of Transparency in Markets

Rashid bin Ali Al Mansoori, CEO of Qatar Stock Exchange CEO of Qatar Stock Exchange Rashid bin Ali Al Mansoori, stressed Tuesday the importance of disclosure and transparency for financial markets and investors. During More...

Federation of GCC Chambers Chief Hails Qatar's Efforts to Support Private Sector
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Federation of GCC Chambers Chief Hails Qatar’s Efforts to Support Private Sector

Federation of GCC Chambers Chief Hails Qatar’s Efforts to Support Private Sector The Secretary General of the Federation of GCC Chambers (FGCCC) Dr. Abdulrahim Hasan Naqi praised great efforts being made by More...

oil
By Staff writer On Wednesday, January 28th, 2015
0 Comments

OPEC’s basket down 79 cents, reaching USD 42.90 pb

oil The price of OPEC’s crude basket down by 79 cents on Monday, reaching USD 42.90 per barrel (pb), compared to USD 43.69 pb on Friday, said OPEC on Tuesday. Meanwhile, the organization said that the annual More...

kuwait stock exchange
By Staff writer On Wednesday, January 28th, 2015
0 Comments

KSE ends Tuesday’s trading in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Tuesday in the red zone as the weighted index lost 2.53 points, recording 441.83 points, the price index dropping 43.82 points, reaching 6,615.44 points, and More...

Gulf Bank posts KD 35.5mln in net profit for 2014
By Staff writer On Wednesday, January 28th, 2015
0 Comments

Gulf Bank posts KD 35.5mln in net profit for 2014

Gulf Bank posts KD 35.5mln in net profit for 2014 The Gulf Bank has announced an operating profit before provisions of KD 106.8 million for the year ending 2014 and a net profit at KD 35.5 million, up a 10 percent More...

Qatar Chamber Organizes Training Course on the Protection of Competition Law
By Staff writer On Tuesday, January 27th, 2015
0 Comments

Qatar Chamber Organizes Training Course on the Protection of Competition Law

Qatar Chamber Organizes Training Course on the Protection of Competition Law Qatar Chamber has organized a training course on how to compatible with the provisions of the Protection of Competition Law, designed More...

Doha Hosts 18th Gulf Engineering Forum
By Staff writer On Tuesday, January 27th, 2015
0 Comments

Doha Hosts 18th Gulf Engineering Forum

Doha Hosts 18th Gulf Engineering Forum Under the patronage of HE the Prime Minister and Minister of Interior Sheikh Abdulla bin Nasser Al- Thani, Qatar Society of Engineers in collaboration with the Public Works More...

Mr. Ibrahim J. Al Othman, Chief Executive Officer of GDI and Mr. Hans Simons, Chairman of the Board of GLB
By Staff writer On Tuesday, January 27th, 2015
0 Comments

GDI Signs Contract With Gulf Liftboat to Provide Liftboat Services for Dolphin Energy

Mr. Ibrahim J. Al Othman, Chief Executive Officer of GDI and Mr. Hans Simons, Chairman of the Board of GLB Gulf Drilling International Limited (“GDI”), the largest oilfield service company in Qatar, More...

Jassim bin Saif Al-Sulaiti, Minister of Transport with Kim Kyung Sik, South Korean Vice Minister for Land and Infrastructure and Transport
By Staff writer On Tuesday, January 27th, 2015
0 Comments

Transport Minister Meets Korean Vice Minister for Land

Jassim bin Saif Al-Sulaiti, Minister of Transport with Kim Kyung Sik, South Korean Vice Minister for Land and Infrastructure and Transport HE the Minister of Transport Jassim bin Saif Al-Sulaiti met here today with More...

Kuwait's trade surplus with Japan narrows for second month
By Staff writer On Tuesday, January 27th, 2015
0 Comments

Kuwait’s trade surplus with Japan narrows for second month

Kuwait’s trade surplus with Japan narrows for second month Kuwait’s trade surplus with Japan narrowed 21.7 percent in December to JPY 84.1 billion (USD 713 million) from a year earlier, shrinking for More...

kuwait stock exchange
By Staff writer On Tuesday, January 27th, 2015
0 Comments

KSE ends Monday’s trading in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Monday in the red zone as the weighted index lost 1.24 points, recording 444.36 points, the price index dropping 3.55 points, reaching 6,659.26 points and More...

FCCI organises first Serbian Business and Investment Forum
By Staff writer On Tuesday, January 27th, 2015
0 Comments

FCCI organises first Serbian Business and Investment Forum

FCCI organises first Serbian Business and Investment Forum Federation of UAE Chambers of Commerce and Industry (FCCI) on Sunday organised the First Serbian Business and Investment Forum bringing together Serbian More...

DAE, Azul announce completion of Sale Leaseback Transactions
By Staff writer On Tuesday, January 27th, 2015
0 Comments

DAE, Azul announce completion of Sale Leaseback Transactions

DAE, Azul announce completion of Sale Leaseback Transactions Dubai Aerospace Enterprise, DAE, and Azul Brazilian Airlines, today announced that they had recently completed delivery of 5 ATR 72-600s to the airline. DAE More...

opec
By Staff writer On Tuesday, January 27th, 2015
0 Comments

OPEC daily basket price for Friday 23rd January 2015

opec The price of OPEC’s basket of twelve crudes stood at US$ 43.69 dollars a barrel on Friday, compared with $43.05 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

RTA inks MoU with German Doche Ban Co. to share rail experience
By Staff writer On Tuesday, January 27th, 2015
0 Comments

RTA inks MoU with German Doche Ban Co. to share rail experience

RTA inks MoU with German Doche Ban Co. to share rail experience The Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with the German Doche Ban Co. with a view to supporting the More...

Al khaliji (KCBK)
By Staff writer On Monday, January 26th, 2015
0 Comments

Al Khaliji Reports 2014 Net Profit of QR 563 Million and Impressive 24% Growth in Total Assets

Al khaliji (KCBK) Al khaliji (KCBK), in Qatar, released its consolidated financial statements for the year ended 31 December 2014 today with a Net profit of QR 562.9 million for 2014, up from QR 550.9 in 2013. The More...

Kahramaa Profits Grow 11% in 2014
By Staff writer On Monday, January 26th, 2015
0 Comments

Kahramaa Profits Grow 11% in 2014

Kahramaa Profits Grow 11% in 2014 Qatar Electricity and Water Company disclosed Sunday its financial statement for the year 2014. It achieved profits worth QR1.530 billion, an 11% increase compared to 2013. HE Minister More...

Dubai Trade shortlists e-Services performers ahead of 7th ESEA Award
By Staff writer On Monday, January 26th, 2015
0 Comments

Dubai Trade shortlists e-Services performers ahead of 7th ESEA Award

Dubai Trade shortlists e-Services performers ahead of 7th ESEA Award Dubai Trade has shortlisted the best performers of its online services for the annual flagship event, the e-Services Excellence Award. The Award More...

Al Maryah Island
By Staff writer On Monday, January 26th, 2015
0 Comments

ADGM announces headquarters building on Al Maryah Island

Al Maryah Island Abu Dhabi Global Market, ADGM, today announced that it has signed a 50-year lease with the Mubadala Development Company to make the Financial Building on Al Maryah Island, owned by Mubadala subsidiary, More...

Royal Jet confirms delivery of second Bombardier Global 5000 Aircraft
By Staff writer On Monday, January 26th, 2015
0 Comments

Royal Jet confirms delivery of second Bombardier Global 5000 Aircraft

Royal Jet confirms delivery of second Bombardier Global 5000 Aircraft Royal Jet, the Middle East’s foremost private charter company, chaired by Sheikh Hamdan bin Mubarak Al Nahyan, has taken delivery of a new More...

Dubai Islamic Bank Group profit up by 63 percent
By Staff writer On Monday, January 26th, 2015
0 Comments

Dubai Islamic Bank Group profit up by 63 percent

Dubai Islamic Bank Group profit up by 63 percent Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its results for the year ended December More...

Etisalat launches Emerald plan for UAE’s business elite
By Staff writer On Monday, January 26th, 2015
0 Comments

Etisalat launches Emerald plan for UAE’s business elite

Etisalat launches Emerald plan for UAE’s business elite Etisalat announced today the launch of an exclusive ‘Emerald’ plan for the UAE’s business elite. The Emerald plan offers premium mobile numbers, bundled More...

Arabplast 2015 exhibition
By Staff writer On Monday, January 26th, 2015
0 Comments

Borouge participates in Arabplast 2015 exhibition

Arabplast 2015 exhibition Borouge, a joint venture of the Abu Dhabi National Oil Company and Austria’s Borealis, has offered significant opportunities to enhance its customers’ business in pipe, advanced More...

DIP spends over AED 4 billion to build world-class infrastructure
By Staff writer On Monday, January 26th, 2015
0 Comments

DIP spends over AED 4 billion to build world-class infrastructure

DIP spends over AED 4 billion to build world-class infrastructure Dubai Investments Park, DIP, has spent over AED4 billion in the last 17 years to build and elevate its infrastructure to world-class standards. DIP More...

FGB announces deal with Dalma Energy
By Staff writer On Monday, January 26th, 2015
0 Comments

FGB announces deal with Dalma Energy

FGB announces deal with Dalma Energy FGB looks to maintain strong growth in 2015 having already closed a USD 313.7 million secured syndication facility on behalf of Dalma Energy. The deal follows recent news that More...

QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding
By Staff writer On Monday, January 26th, 2015
0 Comments

QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding

QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding Qatar National Bank and the Qatari Businesswomen Association (QBWA) signed yesterday a Memorandum of Understanding. The MOU will focus More...

World Economic Forum
By Staff writer On Sunday, January 25th, 2015
0 Comments

Qatar Delegation to Davos Forum Reviews Qatar’s Efforts to Improve Competitiveness and Entrepreneurship

World Economic Forum Qatar’s high-level delegation participating in the World Economic Forum has reviewed the great positive steps taken by the State of Qatar in the areas of entrepreneurship establishment More...

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani,Minister of Economy and Commerce with  Richard Haythornthwaite, Chairman and Director of MasterCard
By Staff writer On Sunday, January 25th, 2015
0 Comments

Minister of Economy and Commerce Meets Heads of Major World Companies

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani,Minister of Economy and Commerce with Richard Haythornthwaite, Chairman and Director of MasterCard HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin More...

UAE Dirham
By Staff writer On Sunday, January 25th, 2015
0 Comments

NBS, ESCWA discuss UAE ICP for PPPs

UAE Dirham The UAE National Bureau of Statistics (NBS) and a technical team from the Economic and Social Commission for Western Asia (ESCWA), headed by Majid Skinny, Regional Coordinator for the International Comparison More...

Grown diamonds key to unlocking future for diamond industry, says new report
By Staff writer On Saturday, January 24th, 2015
0 Comments

Grown diamonds key to unlocking future for diamond industry, says new report

Grown diamonds key to unlocking future for diamond industry, says new report The mined diamond supply has seen a constant decline in the past decade driven by the fact that key diamond mines have passed their peak More...

Minister Ahmet Davutoglu , Turkish Prime Minister Ahmet Davutoglu with Sheikh Ahmed bin Jassim bin Mohamed Al-Thani,  Minister of Economy and Commerce
By Staff writer On Saturday, January 24th, 2015
0 Comments

Minister of Economy Holds Meetings at Davos

Minister Ahmet Davutoglu , Turkish Prime Minister Ahmet Davutoglu with Sheikh Ahmed bin Jassim bin Mohamed Al-Thani, Minister of Economy and Commerce Turkish Prime Minister Ahmet Davutoglu met Friday with HE Minister More...

kuwait stock exchange
By Staff writer On Friday, January 23rd, 2015
0 Comments

KSE ends Thursday’s trading in green zone

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Thursday’s session in the green zone as the price index recorded 6,662.8 points, gaining 0.11 points, the weighted index closed at a gain of 0.43 More...

Oil
By Staff writer On Friday, January 23rd, 2015
0 Comments

OPEC daily basket price for Wednesday, 21 January 2015

Oil The price of OPEC’s basket of twelve crudes stood at US$43.25 dollars a barrel on Wednesday, compared with $43.04 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

Mashreq opens E Cube branch in the heart of Karama
By Staff writer On Friday, January 23rd, 2015
0 Comments

Mashreq opens E Cube branch in the heart of Karama

Mashreq opens E Cube branch in the heart of Karama In line with the bank’s network expansion strategy, Mashreq has announced the opening of its latest branch located in Karama, offering customers a wide range More...

Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA)
By Staff writer On Friday, January 23rd, 2015
0 Comments

HFZA to further explore Russia, CIS countries market

Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF Zone) has expressed More...

Economy and Commerce Minister Highlights Qatar Experience in Supporting Private Sector
By Staff writer On Friday, January 23rd, 2015
0 Comments

conomy and Commerce Minister Highlights Qatar Experience in Supporting Private Sector

Economy and Commerce Minister Highlights Qatar Experience in Supporting Private Sector HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim Al -Thani has underlined Qatar’s successful experience More...

Marwan bin Jassim Al Sarkal, CEO of Shurooq
By Staff writer On Friday, January 23rd, 2015
0 Comments

Modern Sharjah in focus at global Arab forum in France

Marwan bin Jassim Al Sarkal, CEO of Shurooq The Sharjah Investment and Development Authority (Shurooq) has successfully concluded its participation in a global forum on the ‘Renewal of the Arab World’, organised More...

Mazaya Qatar Decides Against Merger Deal with Mackeen Holding
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Mazaya Qatar Decides Against Merger Deal with Mackeen Holding

Mazaya Qatar Decides Against Merger Deal with Mackeen Holding Mazaya Qatar Real Estate Development has decided not to proceed with the merger with Mackeen Holding, the former’s board of directors announced More...

Qatar Stock Exchange
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Qatar Stock Exchange Down 12.69 Points

Qatar Stock Exchange The Qatar Exchange down 12.69 points or 0.11 percent as it closed Wednesday at 11,849.63 points down from the previous closing of 11,862.32. The volume of shares traded down to 12,379,231 from More...

Qatar Airways to Expand Service to Italy, Spain Destinations
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Qatar Airways to Expand Service to Italy, Spain Destinations

Qatar Airways to Expand Service to Italy, Spain Destinations Qatar Airways has decided to increase capacity on its flights to Italy and introduce double-daily flights to Madrid as part of its rapid growth in Europe, More...

Ahmad Abdulla Al Abdulla, Barwa Real Estate Group acting CEO, and Elie Chebly, Erga Qatar chief international projects officer and partner architect,
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Barwa, Erga Qatar Sign Agreement on Dara Project

Ahmad Abdulla Al Abdulla, Barwa Real Estate Group acting CEO, and Elie Chebly, Erga Qatar chief international projects officer and partner architect, Barwa Real Estate Group and Erga Qatar Architectural and Engineering More...

Ooredoo Warns Customers about Phone Scams from Local Numbers
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Ooredoo Warns Customers about Phone Scams from Local Numbers

Ooredoo Warns Customers about Phone Scams from Local Numbers Ooredoo today warned customers not to trust “spam calls” from unknown numbers that ask for personal or monetary information, or pretend to More...

QTA to Launch Second Desert Caravan Challenge
By Staff writer On Thursday, January 22nd, 2015
0 Comments

QTA to Launch Second Desert Caravan Challenge

QTA to Launch Second Desert Caravan Challenge As part of its efforts to diversify Qatar’s tourism offerings, Qatar Tourism Authority (QTA), invited adventure lovers to participate in a challenge aimed at reviving More...

World Economic Forum (WEFE)
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Business leaders urge structural reforms to spur global growth

World Economic Forum (WEFE) World business leaders gathering in Davos on Wednesday for the 45th World Economic Forum (WEFE) have called for structural reforms to the global economy to encourage growth. More than More...

oil
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Global growth to decrease despite drop in oil prices

oil Although global growth does receive a boost from lower oil prices, it is more than offset by negative factors in many advanced and emerging market economies, the International Monetary Fund (IMF) indicated in More...

kuwait stock exchange
By Staff writer On Thursday, January 22nd, 2015
0 Comments

KSE ends Wednesday’s session in green zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Wednesday’s session in the green zone as the price index gained 16.8 points, reaching 6,662 points, the weighted index gained 2.9 points and 12.6 points More...

oil
By Staff writer On Thursday, January 22nd, 2015
0 Comments

OPEC daily basket price for Tuesday

oil The price of OPEC’s basket of twelve crudes stood at US$43.04 a barrel on Tuesday, compared with US$43.87 a barrel the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

DaDeDo wins two key branding projects from ADNOC Distribution
By Staff writer On Thursday, January 22nd, 2015
0 Comments

DaDeDo wins two key branding projects from ADNOC Distribution

DaDeDo wins two key branding projects from ADNOC Distribution DaDeDo, a regional creative house and one of the world’s leading independent advertising agencies, has been awarded two projects from the Abu Dhabi More...

Sharjah Islamic Bank announces 23 percent rise in net profits and proposes 10 percent cash dividend
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Sharjah Islamic Bank announces 23 percent rise in net profits and proposes 10 percent cash dividend

Sharjah Islamic Bank announces 23 percent rise in net profits and proposes 10 percent cash dividend Sharjah Islamic Bank has announced its 2014 results with net profits reaching AED377.2 million, compared to 307.1 More...

Nakheel profits up 43 per cent to AED3.68 billion in 2014
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Nakheel profits up 43 per cent to AED3.68 billion in 2014

Nakheel profits up 43 per cent to AED3.68 billion in 2014 Nakheel today announced its results for the financial year ending 31 December 2014: a net profit of AED3.68 billion representing a 43 per cent increase on More...

Sheikha Lubna bint Khalid Al Qasimi, Minister of Development and International Cooperation
By Staff writer On Thursday, January 22nd, 2015
0 Comments

Lubna Al Qasimi hails leadership on UAE’s lead in global Indicators of Government and Economic Confidence

Sheikha Lubna bint Khalid Al Qasimi, Minister of Development and International Cooperation Sheikha Lubna bint Khalid Al Qasimi, Minister of Development and International Cooperation, Head of UAE Committee for the More...

Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone
By Staff writer On Thursday, January 22nd, 2015
0 Comments

SAIF Zone showcases its role in boosting UAE-Japan Trade at Tokyo Show

Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone, SAIF Zone and Hamriyah Free Zone Authority, HFZA, led a high-level More...

Abdulaziz bin Nasser Al Khalifa, CEO of QDB received the award
By Staff writer On Wednesday, January 21st, 2015
0 Comments

Qatar Development Bank Wins Banker Middle East Product Award for “Best SME Loan”

Abdulaziz bin Nasser Al Khalifa, CEO of QDB received the award Qatar Development Bank (QDB) has been awarded “Best SME Loan” by the Banker Middle East Qatar Product Awards 2014, the latest recognition More...

Qatar Stock Exchange
By Staff writer On Wednesday, January 21st, 2015
0 Comments

Qatar Stock Exchange Down 29.14 Points

Qatar Stock Exchange The Qatar Exchange down 29.14 points or 0.25% as it closed Tuesday at 11,862.32 points down from the previous closing of 11,891.46. The volume of shares traded up to 16,028,859 from 13,178,641 More...

Ahli Bank Discloses QR 601.3 Million Net Profit for 2014
By Staff writer On Wednesday, January 21st, 2015
0 Comments

Ahli Bank Discloses QR 601.3 Million Net Profit for 2014

Ahli Bank Discloses QR 601.3 Million Net Profit for 2014 Ahli Bank disclosed the financial statements for the year ended December 31, 2014. The financials revealed a net profit of QR 601.3 Million in 2014 versus More...

HE Economy Minister Highlights Economic Cooperation with Slovenia
By Staff writer On Wednesday, January 21st, 2015
0 Comments

HE Economy Minister Highlights Economic Cooperation with Slovenia

HE Economy Minister Highlights Economic Cooperation with Slovenia HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani has stressed the importance of boosting economic and commercial More...

Qatar Financial Centre Authority (QFC Authority)
By Staff writer On Wednesday, January 21st, 2015
0 Comments

QFCA-QU Agreement Boosts Finance Research and Education in Qatar

Qatar Financial Centre Authority (QFC Authority) The Qatar Financial Centre Authority (QFC Authority) and Qatar University (QU) signed a formal Memorandum of Understanding (MoU) committing to a partnership to promote More...

45th World Economic Forum Kicks off Tomorrow in Davos
By Staff writer On Wednesday, January 21st, 2015
0 Comments

45th World Economic Forum Kicks off Tomorrow in Davos

45th World Economic Forum Kicks off Tomorrow in Davos The World Economic Forum’s (WEF) five day annual meeting of the global political and economic elite will begin tomorrow in the Swiss city of Davos and More...

NBK posts KD 261.8 mln in 2014 profits
By Staff writer On Wednesday, January 21st, 2015
0 Comments

NBK posts KD 261.8 mln in 2014 profits

NBK posts KD 261.8 mln in 2014 profits The National Bank of Kuwait (NBK) has reported net profits of KD 261.8 million (USD 894.2 million) for the year 2014 compared with KD 238.1 million (USD 813.3 million) in 2013, More...

Kuwait Stock Exchange (KSE)
By Staff writer On Wednesday, January 21st, 2015
0 Comments

KSE ends Tuesday’s trading on mixed board

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) ended Tuesday’s trading on mixed board as the price index gained 22.46 points, reaching 6645.86 points, the weighted index lost 1.34 points and the KSX More...

Tabreed renews major district cooling agreement in Abu Dhabi
By Staff writer On Wednesday, January 21st, 2015
0 Comments

Tabreed renews major district cooling agreement in Abu Dhabi

Tabreed renews major district cooling agreement in Abu Dhabi The National Central Cooling Company, Tabreed, the Abu Dhabi based regional district cooling utility infrastructure company, today announced the renewal More...

Central Bank of the U.A.E.
By Staff writer On Wednesday, January 21st, 2015
0 Comments

UAE Central Bank develops Credit Sentiment Survey

Central Bank of the U.A.E. The Central Bank has developed a Credit Sentiment Survey, The Survey, in 2014 Q1 to collect information from all banks and finance companies extending credit within the UAE. The move is More...

OPEC
By Staff writer On Wednesday, January 21st, 2015
0 Comments

OPEC daily basket price for Monday, 19 January 2015

OPEC The price of OPEC’s basket of twelve crudes stood at US$43.87 a barrel on Monday, compared with $43.40 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Basket of More...

David Manson,  Head of the ADCB (UK) Representative Office in London
By Staff writer On Wednesday, January 21st, 2015
0 Comments

ADCB appoints head of London Representative Office

David Manson, Head of the ADCB (UK) Representative Office in London Abu Dhabi Commercial Bank, ADCB, today announced the appointment of David Manson as Country Head, UK and Head of the ADCB (UK) Representative Office More...

Abu Dhabi Securities Exchange, ADX,
By Staff writer On Wednesday, January 21st, 2015
0 Comments

ADX hosts Massar Solutions meeting

Abu Dhabi Securities Exchange, ADX, Abu Dhabi Securities Exchange, ADX, hosted yesterday the Massar Solutions meeting with ADX licensed brokers in the exchange’s main offices in Abu Dhabi. During the meeting, More...

Islamic Development Bank (IDB)
By Staff writer On Wednesday, January 21st, 2015
0 Comments

Islamic Development Bank approves close to US $190 million in new development financings

Islamic Development Bank (IDB) The 302nd meeting of the Board of Executive Directors of the Islamic Development Bank (IDB) which started on Sunday, 18 January, 2015, concluded on Tuesday in Jeddah, KSA, approved More...

Arab consumption of Brazilian beef reaches USD 907 million in 2014
By Staff writer On Wednesday, January 21st, 2015
0 Comments

Arab consumption of Brazilian beef reaches USD 907 million in 2014

Arab consumption of Brazilian beef reaches USD 907 million in 2014 Brazilian beef exports to Arab countries soared by 8.7 per cent in 2014, with the region consuming USD 907 million worth of beef. Based on the latest More...

Al Jaber Group wins AED2 billon project from MUSANADA
By Staff writer On Monday, January 19th, 2015
0 Comments

Al Jaber Group wins AED2 billon project from MUSANADA

Al Jaber Group wins AED2 billon project from MUSANADA Abu Dhabi General Services Company PJSC, MUSANADA, has awarded Al Jaber Transport and General Contracting, a member of Al Jaber Group, two contracts totaling More...

DSF helps Dubai Duty Free turn flyers into buyers
By Staff writer On Monday, January 19th, 2015
0 Comments

DSF helps Dubai Duty Free turn flyers into buyers

DSF helps Dubai Duty Free turn flyers into buyers As one of the Strategic Partners of Dubai Festivals and Retail Establishment, DFRE, an agency of the Department of Tourism and Commerce Marketing, DTCM, and the More...

Mashreq bank records increase of 33% in net profit in 2014
By Staff writer On Monday, January 19th, 2015
0 Comments

Mashreq bank records increase of 33% in net profit in 2014

Mashreq bank records increase of 33% in net profit in 2014 Mashreq bank delivered strong financial results for the year ending 2014, reporting a net profit of AED2,401 million, an increase of 33.0% as compared to More...

oil
By Staff writer On Monday, January 19th, 2015
0 Comments

OPEC daily basket price for Friday, 16th January 2015

oil The price of OPEC’s basket of twelve crudes stood at US$43.40 dollars a barrel on Friday, compared with $43.14 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

Web Development CompanyTechyPros