Date archive forJanuary, 2016
Finance House
By Staff writer On Sunday, January 31st, 2016
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Finance House maintaining its credit rating

Finance House has announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3″ (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international More...

ADCB branch
By Staff writer On Sunday, January 31st, 2016
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AED4.927 billion ADCB profits for 2015

Abu Dhabi Commercial Bank (ADCB) on Sunday posted a 17 per cent rise in fourth-quarter net profit. The bank made a net profit attributable to shareholders of AED1.19 billion in the three months to 31st December, More...

sheikh khalid Bin Nasser at the Launch
By Staff writer On Saturday, January 30th, 2016
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Foton and KBN unveil new truck for GCC markets

sheikh khalid Bin Nasser at the Launch China’s front runner in commercial vehicles, Foton International along with exclusive Qatari distributor, Khalid Bin Nasser (KBN) for Trucks and Buses, launched the Foton More...

etihad rail
By Staff writer On Saturday, January 30th, 2016
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UAE suspends Etihad Rail tendering for stage two

UAE-based Etihad Rail announced it will be suspending its tendering process for stage two of project, Reuter reports. The suspension was made in order to review the investment and the options for the timing and More...

Facebook-Logo-
By Staff writer On Friday, January 29th, 2016
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Facebook Doubles Profits to $1.56bn Q4 2015

Social media giant Facebook said that profits more than doubled in the fourth quarter of 2015. Net profit for the three months to December rose to $1.56 billion, up from $701 million, according to the (BBC). The More...

emi101
By Staff writer On Friday, January 29th, 2016
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Non-stop service from Dubai-Auckland in March

Emirates Airline today announced that it will start its first non-stop service from Dubai to Auckland on 1 March 2016, bringing many of its 38 European destinations and cities within just one-stop range of New More...

Samsung Galaxy S5
By Staff writer On Friday, January 29th, 2016
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40% Drop in Samsung Net Profit

Samsung Electronics Co showed a sharp drop in net profit for the fourth quarter, following slumps in sales of its own smartphones, and of those it supplies chips for. Samsung Galaxy S5 Net profit was 3.2 trillion More...

qna_world_bank_28052014
By Staff writer On Thursday, January 28th, 2016
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$75m credit agreement between India and the World Bank

India and the World Bank signed a $75 million credit agreement for the Telangana Rural Inclusive Growth Project to enhance the agricultural incomes of small and marginal farmers in the state. The Telangana Rural More...

Downtown Dubai by Emaar Properties
By Staff writer On Wednesday, January 27th, 2016
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Emirates Islamic signs strategic MoU with Dubai SME

Emirates Islamic today announced that it has signed a strategic Memorandum of Understanding, MoU, with Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small More...

Vodafone Qatar Announces Third Quarter 2014 Results
By Staff writer On Wednesday, January 27th, 2016
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Vodafone Qatar reports a net loss of QR 285.7 Million

Vodafone Qatar Announces Third Quarter 2014 Results for the nine-month financial period ended December 31, 2015 compared to net loss of QR 149.8m for the same period in 2014. The loss per share for this nine-month More...

Stephen Marney - Publicity 1
By Staff Writer On Wednesday, January 20th, 2016
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Stephen Marney to lead as the new VP of TRACCS

Business communication expert and professional management strategist Stephen Marney, has been named the new VP of strategy and development at TRACCS. With three decades of media experience, Stephen Marney will be More...

Downtown Dubai by Emaar Properties
By Staff Writer On Tuesday, January 19th, 2016
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53 percent of UAE population “not saving enough”

Middle East’s leading finance comparison website, ‘Compareit4me’ has conducted a survey on the saving habits of UAE residents. The statistics provided by the firm reveal that about 53 percent of the respondents More...

Austal
By Staff Writer On Sunday, January 17th, 2016
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Austal Delivers for the U.S. Navy

Australia based shipbuilder Austal hasdelivered a Expeditionary Fast Transport Vehicle, USNS Brunswick (EPF 6) to the U.S. Navy. The Expeditionary Fast Transport Program, also known as the EPF in short equips the More...

emirates_airbus.a996d142240.w640
By Staff writer On Tuesday, January 12th, 2016
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Emirates Brings A380 Service to Washington, D.C.

Emirates today announced that it plans to upgrade its Dubai (DXB) – Washington D.C. (IAD) service, with the introduction of its flagship Airbus A380 on the route beginning 1st February. Replacing the existing More...

2323423379
By Staff writer On Tuesday, January 12th, 2016
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Aldar Properties awards AED 2 bn contract to Arabtec to build 1,017 luxury villas on Yas Island

Aldar Properties said it has awarded a AED 2 billion ($544.5m) contract to Arabtec Construction to build 1,017 villas at its West Yas project. In a statement to Abu Dhabi Stock Exchange, Aldar said this is the final More...

vancouver_shipyards_2
By Staff writer On Tuesday, January 12th, 2016
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Nakilat Damen Shipyards Celebrates Delivery of 27th Qatari-Built Vessel

Nakilat Damen Shipyards Qatar (NDSQ) has delivered one new Qatari-built vessel to the State of Qatar, the company said in a press release today. After a successful performance during sea trials, a new support vessel More...

oil-price-cartoon
By Staff writer On Tuesday, January 12th, 2016
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QNB Expects Oil Prices in 2016 at $44

Qatar National Bank’s (QNB) weekly report forecast that the average price of oil for 2016 will be $44. The conclusion, the bank said in a statement, was one of three likely scenarios they plotted for 2016. More...

Oil_platform_P-51_(Brazil)
By Staff writer On Thursday, January 7th, 2016
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OPEC daily basket price

The price of OPEC’s basket of thirteen crudes stood at US$31.79 a barrel on Monday, compared with $31.27 the previous Thursday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes More...

Dubai-WEB
By Staff writer On Thursday, January 7th, 2016
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No significant change in Dubai residential market values

The 15th December ValuStrat Price Index (VPI) for Dubai’s residential market has shown that, on average, there was no significant monthly change in values across the 26 areas it monitors for apartments and More...

dcc-internship2010-02-big
By Staff writer On Thursday, January 7th, 2016
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Dubai and Doha remain relatively low construction cost locations in the world

The major cities of the Middle East – Doha and Dubai – remain some of the least expensive cities in the world in which to build, according to the International Construction Costs Index published by Arcadis, More...

DrydocksWorld-2
By Staff writer On Wednesday, January 6th, 2016
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Drydocks World celebrates 5 star grading from British Safety Council

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, has announced that it has received a five-star rating from the British Safety Council for the Occupational More...

image
By Staff writer On Wednesday, January 6th, 2016
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Qatar Stock Index Drops 82.03 Points

Qatar Stock Exchange (QSE) index dropped 82.03 (-0.82%) points when the bourse closed trading at 9,959.67 points on Tuesday. The daily turnover increased to QR 129,196 Million with a volume of 3,481,577 shares from More...

qna_ooredoo_05012016
By Staff writer On Wednesday, January 6th, 2016
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Ooredoo Launches Qatar’s First Ever Dedicated Inland Sea App

Ooredoo has today launched a dedicated Inland Sea application, aimed to help easily navigate people through the desert dunes to safe spots and tourist attractions. The application, which is the first ever Qatar More...

QNA-QatarGas612016
By Staff writer On Wednesday, January 6th, 2016
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Qatargas: Winning GCC Environment Award 2015 Evidence of Strong Performance

Qatargas announced Wednesday that winning the Gulf Cooperation Council (GCC) Environment Award for 2015 in the category of the “Best Industrial Establishment that Complies with Environmental Regulations and More...

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By Staff writer On Tuesday, January 5th, 2016
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DAMAC Properties promotion back for Dubai Shopping Festival 2016

Real estate developer DAMAC Properties’ renowned shopping festival promotion has been announced for the Dubai Shopping Festival 2016. The DSF promotion is offering new buyers of selected villas or apartments in More...

JBS41-300x187
By Staff writer On Tuesday, January 5th, 2016
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UAE non-oil trade reached AED1.632 trillion

The Ministry of Economy has announced that the UAE managed to achieve top ranks in international trade statistics 2015, which was released by the World Trade Organisation, WTO, on October 31st, 2015. According to More...

enbd101
By Staff writer On Tuesday, January 5th, 2016
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Emirates NBD launches Interactive Teller Machine

Emirates NBD has introduced a new generation Interactive Teller Machine, ITM, a first to market innovation that offers customers in the UAE a never-before personalised banking experience via a video personal teller. The More...

oil-011
By Staff writer On Tuesday, January 5th, 2016
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OPEC daily basket price

The price of OPEC’s basket of twelve crudes stood at US$31.26 a barrel on Thursday, compared with $31.54 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) More...

800x600_1419244740_A350_XWB_Qatar_Airways_in_flight_4 (1)
By Staff writer On Tuesday, January 5th, 2016
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Qatar Airways Launches its New Daily, Non-stop Service to Los Angeles

Qatar Airways rang in the New Year with a new daily, non-stop service between Los Angeles International Airport (LAX) and Hamad International Airport (DOH) in Doha, which started January 1. The new route features More...

qna_Doha-RE_30122015
By Staff writer On Monday, January 4th, 2016
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Real Estate Transactions Worth over QR248 Million Last Week

Real estate transactions between December 20 and 24 for the real estate sales contracts registered at the Ministry of justice are worth QR248,825,499. The Ministry said in its weekly report that the list of properties More...

47d9ccc5-e91b-4925-bfef-670faec20557
By Staff writer On Monday, January 4th, 2016
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Qatar Stock Index Drops 115.62 Points

Qatar Stock Exchange (QSE) index dropped 115.62 (-1.11%) points when the bourse closed trading at 10,313.74 points on Sunday. The daily turnover decreased to QR 67,433 Million with a volume of 2,011,338 shares from More...

UAE Exchange MBLM Brand Intimacy
By Staff writer On Monday, January 4th, 2016
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UAE EXCHANGE RANKS AMONG THE TOP THREE MOST INTIMATE BRANDS IN EMIRATES’ FINANCIAL SERVICES INDUSTRY

High level of brand intimacy linked to higher revenue growth UAE Exchange has been ranked third out of 24 brands surveyed in the UAE Financial Services industry, according to the MBLM Brand Intimacy 2015 Report    UAE More...

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