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Saturday 4th, July 2009 -- 10:18 GMT


	Oman: Al Madina A’zarqa signs agreement with Intercontinental Hotels Group (IHG)



	Blue City Company 1 (BCC1), the developers of phase one of Al Madina A’Zarqa, the most significant real estate infrastructure project in the Sultanate of Oman, has signed an agreement with InterContinental Hotels Group (IHG) for the development of a ...


	Jordan: No agricultural imports from Israeli settlements



	The Jordanian daily al-Rai reported Wednesday that Jordan Agricultural Minister Sa’id Al-Masri assured the Jordanian public that no produce entering Jordan from Israel would originate from Jewish settlements in the West ...


	flydubai signs US$320m aircraft financing deal with GE Capital Aviation Services



	flydubai, Dubai's first low cost airline, has signed a deal to finance four Boeing B737-800 aircraft (worth US$320m list), with GE Capital Aviation Services (GECAS). ...


	ABB wins $170 million power order in Bahrain



	Substations to increase transmission capacity and ensure grid reliability ...


	Rakeen to commence Phase Two of infrastructure work on Al Marjan Island in August 2009



	Contract awarded to Rizzani to complete AED 365 million infrastructure project in 18 ...


	Samsung announces 2009 business strategy in Egypt



	Samsung Electronics Co. Ltd., a leading mobile phone provider, recently hosted a roundtable discussion focusing on the company’s 2009-2010 business strategy in Egypt. The main speaker at the event was Mr. Duke Park, Branch Manager of the Samsung ...


	Emaar International Jordan completes second phase design of homes in Samarah Dead Sea Resort



	Emaar International Jordan, the country subsidiary of global property developer Emaar Properties PJSC, has completed the second phase design of The Apartments, a residential community in Samarah Dead Sea Resort, with construction set to commence ...


	EADS wins awarded security contract in Saudi Arabia



	After being under contract for the northern border security, which is now under execution, EADS Defence & Security has been awarded (as prime contractor) the border security program covering the full borders of the Kingdom of Saudi Arabia. ...


	TAQA terminates relationship with Standard & Poor’s



	The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today that it has terminated its relationship with Standard & Poor’s (“S&P”) effective 30 June 2009. ...


	Aramex extends foreign share ownership up to 49 per cent



	Aramex (DFM: ARMX), the global logistics solutions provider whose shares are listed on the Dubai Financial Market (DFM), announced today that foreign investors, including all those who are not nationals of the UAE or the Gulf Cooperation Council ...


	Abu Dhabi Urban Planning Council Unveils Corniche Public Beach Development Plan



	Abu Dhabi residents will soon enjoy an interactive beach front with new events and restaurants as part of the Corniche Public Beach Development Plan, revealed today by the Abu Dhabi Urban planning Council (UPC), the agency responsible for the future ...


	BMI Bank Move Headquarters to Bahrain World Trade Center (BWTC)



	Bahrain World Trade Center, Bahrain’s iconic landmark development, has officially announced that BMI Bank (BMI), an associate of BankMuscat, has moved into the development as anchor tenant of the East Tower. BMI’s headquarters occupies five floors ...


	SALAMA links with Emirates Investment Services Ltd to offer Shari’a compliant investment funds



	SALAMA-Islamic Arab Insurance Co. (PSC), one of the region’s leading Islamic insurance (Takaful) companies, today announced a tie up with Emirates Investment Services Ltd (“EIS”) (Regulated by the DFSA) – the asset management arm of the Emirates NBD ...


	ANC Holdings takes majority stake in Amusement Whitewater LLC



	ANC Holdings LLC, the Dubai based conglomerate with business interests in construction, foods, education, trading, hospitality, process and real estate, has announced the strategic acquisition of a majority stake in Amusement Whitewater LLC (AWW), ...


	Danube unveils AED 20 million expansion plan for ‘DANUBE BUILDMART’ in the UAE



	Two new retail stores to open in Ibn Battuta Mall and Dubai Festival ...


	Huawei restructures delivery and service division in Middle East to meet market demand



	Huawei Technologies Co. Ltd. ("Huawei"), a leader in providing next generation telecommunications network solutions for operators around the world, today announced it had completed the restructuring of its Delivery and Service arm in the Middle ...


	Clifford Chance advises on $1.09bn Saudi Electricity Company loan



	lifford Chance recently announced that a team in the Washington D.C. office advised Export Import Bank of the United States and Export Development Canada with respect to their agreement to loan $1.09bn to Saudi Electricity Company. The Clifford ...


	MasterCard survey reveals consumer confidence in Kuwait is neutral for 2nd half of 2009



	Consumer confidence in Kuwait is neutral for the second half of 2009. This is according to the latest MasterCard Worldwide Index of Consumer Confidence survey. While overall confidence is noticeably lower compared to the first half of 2009, results ...


	Economic meltdown temporarily restrains growth in the Middle East water and wastewater treatment equipment markets, finds Frost & Sullivan



	The market for water and wastewater treatment equipment in Gulf Cooperation Council (GCC) countries experienced rapid growth during 2008 driven by huge investments in infrastructure, real estate, petrochemicals, oil and gas and other ...


	Qatar ICT spending projected to total USD 174.3 million from 2009 to 2011



	NETGEAR supports technological revolution in the country by offering best-of-breed networking and storage ...


	US$1 billion masterplan now finalised for Bahrain waterfront development



	Bahrain’s most inspiring and affluential waterfront address, to be known as Nurana, is a step closer to reality with the completion of the site’s masterplan design. The mega mixed use project, spanning 2 million square metres of waterfront land ...


	Emaar to consolidate with Dubai Holdings subsidiaries



	Emaar Properties PJSC (Emaar) and Dubai Holdings LLC (Dubai Holdings) announced that they are in advanced discussions with regards to an intended combination of the following real estate businesses: Emaar, Dubai Properties LLC, Sama Dubai LLC and ...


	BKME arranged a real estate finance of KD 32 million for Abyaar



	The Bank of Kuwait and The Middle East (bkme) announced that they have arranged a new real estate financing facility for Abyaar Real Estate Development Company (Abyaar). This facility follows the success of the KD 14 million financing extended to ...


	Aviall opens new facility in dubai airport freezone



	Aviall Services, Inc. announced that its new customer service center in Dubai Airport Free Zone officially opened on June 25, 2009. Conveniently located in the Dubai Airport Free Zone, and approved by the General Civil Aviation Authority, ...


	Qtel powers towards 2 million mobile customers



	Qtel today revealed that it is set to reach a new record of two million mobile customers in Qatar within the next two weeks, as customers continue to sign-up for its popular Hala and Shahry plans. To celebrate this historic achievement, Qtel is ...


	Gulf Cooperation Council and European Free Trade Association sign free trade agreement



	The GCC Secretary-General Abdul Rahman Al-Attiyah and Sheikh Ghazi Bin Said Al-Bahar Al-Rawas, Sultanate of Oman, which heads the Council of Ministers of the GCC, signed a free trade agreement with the European Free Trade Association (EFTA) on June ...


	Capinnova to invest US$50 million in Bahrain’s retail sector



	‘Capinnova Investment Bank’ - the Shari’a compliant investment banking subsidiary of BBK will co-invest in a project valued at US$50 million in the retail sector. Construction of this large commercial project has already begun and scheduled ...


	GIB’s Chief Executive Officer: Investment banks must restructure and review risk management methods



	Chief Executive Officer of Gulf International Bank (GIB), Dr. Yahya Alyahya, said the international financial crisis that shook the markets in the past year forces investment and internationally active banks to restructure and review their risk ...


	Aramco, Sumitomo Chemical select Project Management Services Contractor for Rabigh II Project



	Saudi Arabian Oil Company and Sumitomo Chemical Co., Ltd have announced the selection of JGC Corporation as the Project Management Services Contractor to conduct a feasibility study for the development of the Rabigh Phase II ...


	ADNH contracts Al Jaber Group to construct Park Hyatt Hotel and Villas on Saadiyat Island



	UAE hospitality group Abu Dhabi National Hotels has awarded Al Jaber Engineering and Contracting LLC (A.L.E.C.) the contract to commence building the luxury Park Hyatt Hotel and Villas Abu Dhabi, a 75,000 sq. m. luxury resort of premium ...


	SHUAA Capital, Dubai Banking Group agree new bond conversion terms



	SHUAA Capital, a leading financial services institution in the GCC and Dubai Banking Group, a Dubai Group company, on Thursday announced that they have agreed new terms for the convertible bond, originally entered into in October ...


	More Middle East tourists to visit in Austria



	Vienna reports year-on-year growth of 62% from Middle East; World Health Organisation declares restricting travel has little effect on spread of ...


	Bank Sarasin-Alpen strengthens its Qatar Operations



	Bank Sarasin-Alpen (Qatar) LLC, the subsidiary of Bank Sarasin & Co. Ltd, Switzerland has strengthened its Qatar operations by hiring a private banking team for the Qatar office. The Bank Sarasin-Alpen private banking team in Qatar will be headed by ...


	SHUAA Capital rejects Dubai Banking Group claims



	SHUAA Capital, a leading financial services institution based in Dubai, on Tuesday noted the statement from Dubai Banking Group (‘DBG’) announcing that it is taking steps towards legal action to recover the principal amount of the disputed AED 1.5bn ...

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