Construction work on AED 500 Million Plaza Residences
progresses.
Summary: Construction work on Plaza Residences progresses well
following the appointment of Construction and Reconstruction Company
(CRC) by Cayan Investment & Development.
Construction work on . . .
Museum of Islamic Art appoint Qatar Financial Center Authority as
Strategic Financial Partner.
Summary: 3 year partnership begins 1 January 2009
Qatar's new Museum of Islamic Art, the flagship project of the
Qatar Museums Authority, has signed a partnership agreement with the
Qatar . . .
Dana Gas revenue up by 16%.
Summary: Dana Gas PJSC, the Middle East's largest regional
private sector natural gas company, has announced quarterly results to
September 30, 2008, posting revenue from oil and gas production of . . .
Emirates Islamic Bank enters into a strategic agreement with the
Real Estate Regulatory Authority.
Summary: Emirates Islamic Bank (EIB), one of the leading Islamic
financial institutions in the UAE, has always been at the forefront of
promoting the development of the region via various . . .
Al Salam Bank-Bahrain acquires leasehold interest in a
residential and commercial tower in Mecca.
Summary: Al Salam Bank-Bahrain has unveiled a pioneering
Shari'a-compliant investment in the field of hospitality; an
investment in a residential and commercial tower near the Holy Mosque . . .
Freshfields advises BH Macro Limited and BH Global Limited on
secondary listing on the Dubai International Financial Exchange.(B
Summary: International law firm Freshfields Bruckhaus Deringer LLP
has advised BH Macro Limited ("BH Macro") and BH Global
Limited ("BH Global"), in relation to their secondary listings
on the . . .
Kuwait: Petrofac awarded US$543 million lump-sum
contract.
Summary: Petrofac, the international oil & gas facilities
service provider, announces that it has been awarded a KD147 million
(approximately US$543 million) lump-sum contract by Kuwait Oil . . .
In unprecedented move: Court halts trading at Kuwait Stock
Exchange.
Summary: Trading at the Kuwait Stock Exchange, the second largest
Arab bourse, was halted Thursday following an unprecedented court order
aimed at curbing the market's declines and preventing . . .
Arig announces net loss of US$ 10.8 million.(Financial
report)
Summary: Arab Insurance Group (Arig) announced a net loss of US$
10.8 million for the first nine months of the Financial Year (Q3 2007:
US$ 10.3 million profit) following the global financial . . .
Oman: Major wastewater treatment plant contract awarded.
Summary: ITT Corporation, a leading provider of pumps and systems
for the movement and treatment of water and wastewater, has been awarded
a wastewater treatment plant contract in Oman for the city . . .
Ducab share of oil and gas in the market is rising.
Summary: Ducab, the leading manufacturer of high quality power
cables in the Middle East , has announced that their share of oil and
gas in the market is rising.
Ducab, the leading manufacturer . . .
Amlak Finance (Qatar) and Landmark Properties sign MoU to form
new entity.
Summary: Amlak Finance (Qatar), a joint venture between Amlak
Finance PJSC and BARWA Real Estate Company, and Landmark Properties, one
of the Middle East's leading real estate firms, today signed . . .
Palestinian foreign trade increases.
Summary: The Palestinian Central Bureau of Statistics (PCBS)
announced the preliminary results of the Palestinian Foreign Trade in
Goods -- 2007.
The Palestinian Central Bureau of Statistics . . .
Dubal may cut production target.
Summary: Dubai Aluminum Co., the United Arab Emirates'
aluminum producer building the world's largest smelter, may cut a
target to produce 1 million metric tons of aluminum next year because
the . . .
Is growth in Abu Dhabi's real estate market
sustainable?
Summary: Speaking at the MEED Abu Dhabi Conference 2008, Gurjit
Singh, Chief Property Development Officer of Sorouh Real Estate PJSC,
discussed how Sorouh and Abu Dhabi are uniquely positioned to . . .
Ithmaar Bank reports US$125.6 million in profits.(Financial
report)
Summary: Ithmaar Bank, a Bahrain-based investment bank with global
reach, announced that it had made USD125.6 million in consolidated
profits for the nine month period ended 30 September 2008 -- . . .
Emaar, The Economic City awards SR167 million contract to Nesma
Holding Co. Ltd for infrastructure works within KAEC's Resort
Co
Summary: The Economic City (Emaar.E.C), the Tadawul-listed company
developing King Abdullah Economic City (KAEC), has signed a SR167
million agreement with Nesma Holding Co. Ltd to develop . . .
Energy City Libya masterplan unveiled.
Summary: Libya to host North Africa's primary energy hub
Energy City Libya with an estimated end development value of US$ 5
billion
Gulf Finance House, the Islamic Investment Bank renowned for . . .
Zamil Industrial announces new JV with New Delhi Tele-Towers Pvt.
Limited.
Summary: Zamil Industrial Investment Company "Zamil
Industrial", an international manufacturing and fabrication group,
announced the launch of a new joint venture with New Delhi Tele-Towers
Pvt. . . .
Air Arabia announces record third quarter net profit of AED 214
million, up 30 per cent.(Financial report)
Summary: Air Arabia, the first and largest low-cost carrier (LCC)
in the Middle East and North Africa, today released its financial
results for the third quarter of 2008.
Air Arabia, the first . . .
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