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 . . .
BNP Paribas Wins 'Best Project Finance House in the Middle
East' -- Euromoney Award.
Summary: '2008 a promising year with major deals already
closed' - Durand
For the second time, BNP Paribas has been named Best Project
Finance House in the Middle East. The award was presented at . . .
NOBLES Properties establishes strategic partnership and develops
projects valued at AED 8 billion.
Summary: Rasmala appointed issue manager and placement agent for
25%
NOBLES Properties revealed further details relating to its two
forthcoming high-end luxury residential apartment complexes, . . .
NCB Capital acquires the Capital Partnership.(NCB Capital Corp.
has acquired The Capital Partnership )
Summary: NCB Capital, the investment banking arm of National
Commercial Bank, Saudi Arabia's largest bank, today announced that
it has acquired The Capital Partnership (TCP), a leading . . .
SABIC announces preliminary financial results for the period
ending september 30, 2008.(Financial report)
Summary: The Saudi Basic Industries Corporation (SABIC) has
reported net preliminary consolidated profits of SAR 21.71 billion for
the first nine months of 2008, an increase of 8 percent, compared . . .
FVC signs MASERGY partnership for Middle East & North
Africa.(distribution agreements between FVC.COM Inc. and Masergy
Communica
Summary: New partnership will complement video conferencing
solutions by providing new IP networks
FVC, a leading Value Added Distributor (VAD) in the Middle East
& North Africa (MENA) region, . . .
Masdar to invest in London Array offshore wind farm as first step
of a global renewable energy partnership with E.ON.
Summary: E.ON and Masdar have joined forces to partner in the
London Array offshore wind farm project eI which, when built, will be
the worldeIUs largest offshore scheme.
E.ON and Masdar have . . .
Gulf markets continue to fall.
Summary: Arab stock markets dropped on Thursday for a second day.
Arab stock markets dropped on Thursday for a second day. The Dubai
Financial Market Index ended the week's final day of trading . . .
Egypt: Dana Gas announces gas and condensate discovery.
Summary: Dana Gas, the Middle East's first and largest
regional private-sector natural gas company, has announced a gas and
condensate discovery in its Egyptian concessions, marking the . . .
Emirates Building Systems accelerates regional expansion with
prestigious Kuwait project.
Summary: Emirates Building Systems (EBS), a subsidiary of Dubai
Investments Industries, the industry arm of Dubai Investments PJSC and a
regional pioneer in the construction of high-rise steel . . .
Singapore Exchange and Bahrain Stock Exchange sign MOU to foster
closer relationship.
Summary: Shaikh Salman bin Hamad Al Khalifa Crown Prince and
Chairman of the Economic Board (EDB) visited Singapore Exchange Limited
(SGX) as a part of his official visit to Singapore.
Shaikh . . .
Saudi stock market ends trading week up by 0.5%.
Summary: Saudi shares rose slightly on Wednesday as other Arab
stock markets closed lower in line with bourses in Europe and Asia,
following two days of strong increases.
Saudi shares rose . . .
Zain Kuwait improves prepaid customer experience with Nokia
Siemens Networks.
Summary: Be it emergency credit, top-up paid by a friend, or even a
song dedication to a loved one, Zain Kuwait is focused on enhancing the
lives of its customers.
Be it emergency credit, top-up . . .
Qtel growth to benefit Qatar, says CEO.
Summary: Qatar Telecom's (Qtel) progress towards its ambitious
financial and business targets will have a number of important benefits
for Qatar, CEO Dr. Nasser Marafih told media at a press . . .
Dubai coloured stones market shows strong growth
potential.(Report)
Summary: The coloured stones market is set to expand, faster than
other jewellery categories in the next five years, according to a new
survey released today by the Dubai Gems Club (DGC), a . . .
Arab stock markets close higher.
Summary: Bourses in the Arab world closed higher on Tuesday for a
second straight day.
Bourses in the Arab world closed higher on Tuesday for a second
straight day. Several Middle East markets . . .
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