Aarvees Group announces projects worth AED 10 Billion in the
UAE.
Summary: Over the past few years, UAE's booming real estate
sector has experienced an exponential growth. Aarvees Group has been one
of the major players in the realty market since the freehold . . .
"Internet for Everyone" now available in Qatar.
Summary: New Promotion for Ebhar Pre-Paid Cards Provides Extra Time
to Surf the Net
Qtel's popular Ebhar dial-up internet cards, which enable
users to access the internet from any phone-line . . .
Emirates NBD Announces Q3 2008 Results.(Financial report)
Emirates NBD, (DFM ticker: ENBD), the Middle East's largest
banking group by assets, today announces its results for the third
quarter period ending on 30 September 2008. Results . . .
Batelco and Bahrain's Governorates sign sgreement to provide
computer laboratories and free internet for villages throughout the
Summary: Batelco Chairman Shaikh Hamad bin Abdulla Al Khalifa and
the Governors of Bahrain's five Governorates have signed an
important protocol agreement that will see Batelco fund and . . .
Tripp Lite targets 20 per cent growth in Bahrain for
2009.
Summary: Tripp Lite, a world-leading manufacturer of power
protection and connectivity equipment, has announced the appointment of
iPoint a leading information technology company as its . . .
Infinity Emirates investments launched Soccer Tower.
Summary: Infinity Emirates Investments launched on October 18th its
new real estate masterpiece, the Soccer Tower, a world class development
at the Dubai Sports City.
Infinity Emirates . . .
ADIC acquires Unitra Mets Group.
Summary: ADIC MENA Partners, LP, a private equity fund managed by
Abu Dhabi Investment Company (ADIC), announced the acquisition in a
leveraged buy-out transaction of a majority stake in Al . . .
Sorouh Real Estate Beats reports 125 per cent growth in net
profits over first nine months.
Summary: Sorouh Real Estate PJSC, one of Abu Dhabi's leading
real estate companies, today announced a 125 per cent rise in net profit
for the nine months ended 30 September 2008 to AED 1,738 . . .
Dubai Financial Market's nine months net profit reaches AED
781 million.(Financial report)
Summary: The Dubai Financial Market Company (DFM Company) announced
its preliminary financial results for the first nine months of 2008,
demonstrating consistent growth during a period of ongoing . . .
All seven Gulf stock markets finish higher.
Summary: Gulf stock markets went up on Tuesday for the second day
runing. The Saudi market, the largest Arab stock exchange, which lost
nine percent in the first two days of the working week, ended . . .
19 companies invest more than AED 650 million in constructing
factories at Dubai Industrial City.
Summary: Dubai Industrial City, a member of Tatweer, today
announced that 19 companies are currently investing more than AED 650
million in the construction of their manufacturing units within . . .
Polycom expands into the Middle East.
Summary: Polycom, Inc. (NASDAQ: PLCM), the global leader in
telepresence, video, and voice solutions and a visionary in
communications, has announced plans to set up an office in Dubai as . . .
Delta Air Lines to open new city ticket office in Kuwait City and
offers special fare on new nonstop service between Kuwait City
Summary: At the beginning of next month, Delta Air Lines (NYSE:
DAL) will officially open a new City Ticket Office (CTO) in Kuwait City
ahead of the start of its first nonstop flight between Kuwait . . .
DAMAC Properties rated as the #2 Real Estate Brand in the
Region.
Summary: DAMAC Properties Group, leading luxury lifestyle provider
- has secured its leading position among property developers across the
GCC. DAMAC Properties is now rated as number two in the . . .
Amlak Finance and Tamweel merger talks go on.
Summary: Further to the joint press release dated October 4, 2008,
Amlak Finance and Tamweel have continued to progress merger discussions,
and have also began consultation with key stakeholders, . . .
Global Investment House acquires minority stake in MAPE Advisory
Group Limited in India.
Summary: Global Investment House (Global) announced that it had
concluded the acquisition of 11.11 percent of MAPE Advisory Group
Limited (MAPE), one of India's leading investment banks.
Global . . .
98.9% of television viewers in Bahrain own a satellite TV
dish.
Summary: Arab Advisors' new survey in Bahrain, revealed that
FTA Sat TV is quite popular while sports content is a main driver for
Pay TV subscriptions. The survey revealed that 95.5% of people . . .
Emaar Properties records net operating profit of AED 5.573
billion in first nine months of 2008; an increase of 15% from
2007.(F
Summary: Emaar Properties PJSC posted revenue and net operating
profits of AED 12.520 billion (US$ 3.409 billion) and AED 5.573 billion
(US$ 1.517 billion), respectively, for the first nine months . . .
Majority of Gulf bourses fall.
Summary: Stock markets in the Gulf states ended mixed on Sunday.
Stock markets in the Gulf states ended mixed on Sunday. In Saudi
Arabia, the Tadawul TASI index slipped 3.78% on after falling . . .
Yemen: Total farms into an onshore block with KNOC.
Summary: Total has announced that it had signed an agreement with
Korea National Oil Corporation (KNOC) to farm into onshore exploration
Block 70 (Attaq Area, Shabwa Governorate) in Yemen with an . . .
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