Middle East and North Africa Business Report

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Articles in May, 2006 issue of Middle East and North Africa Business Report

• Shefa Healthcare Fund signs landmark USD 37.5 million deal.
• What are you doing on the Internet?
• Intracom Telecom signs 40.6 million with Syrian Telecommunications.
• Israeli exports to Arab states up by 34.5 percent.
• Amana Contracting, Steel Buildings complete world's largest pre-cast factory.
• Arab telecom served 85 million cellular and 30 million mainline clients in 2005.
• BG Group enters Oman with Exploration and Production Sharing Agreement.
• Foodco announces 15.1 percent jump in q1 net profits.
• Record hotel rates drive investor confidence.
• Fortune Group opens sale of commercial space at Burj Al Alam.
• Saudi-based property major Development Corner makes Dubai entry.
• Emirates Properties Investment awards contract to al Rostamani Pegel LLC.
• Emaar breaks ground on US$3.4 billion waterfront community in Morocco.
• Gulf Air and Philippine airlines sign agreement.
• IDC report confirms Toshiba's unrivalled Mid East growth.
• Oracle joins KOM.
• Union Properties moving to new home.
• SICO Investment Bank concludes largest BSE transaction in 2006.
• NBK to open first branch in Jeddah.
• PCFC statistics indicate 815 percent growth in milk, dairy product trade.
• HP helps Saudi enterprises maximise efficiency.
• Gender bias a major problem in Middle East recruitment, says bayt.com.
• Al Manal breaks ground on AED300 million Lakeside Residence development.
• Al Majid Motors Co. showcases new KIA showroom in Sharjah.
• Google launches Arabic Gmail.
• "Mina Al Arab" transforms Ras Al Khaimah into a world class tourist destination.
• Qatari Diar Real Estate Investment Company signs US$ 1.2 billion deal.
• Rotana Hotels to manage their first Luxury Hotel in Jordan.
• Intel calls for greater Mid East ICT investment.
• World Economic Forum launches "Egypt Education Initiative".
• High-ranking visitor to Al Ezzel power plant in Bahrain.
• Kuwaiti group EFAD Holding showcases portfolio of landmark projects at ATM 2006.
• Audi, Porsche and VW choose Nuqul Automotive as authorized dealer in Jordan.
• Albaraka Banking Group ready to launch one of the largest IPOs in the region.
• Al Manal breaks ground on AED300 million Lakeside Residence development.
• Saudi Aramco, Total sign MoU for proposed Jubail export refinery.
• Investcorp launches new real estate portfolio.
• Kingdom of Saudi Arabia participates in ATM 2006.
• Euroblast Middle East makes AED 10 million investment in Dubai Techno Park.
• Natural gas supply to Israel -- British Gas back to the forefront.
• UAE: Consumer confidence remains positive and steady.
• Deyaar announces 100 percent increase in company's capital base.
• Aptec signed up with SUN Microsystems as Distributor for Middle East.
• NBK to open first branch in Jeddah.
• Alcatel to develop Algeria Telecom network.
• Qatari Visa cardholders' spending growth is fastest in Middle East.
• Christie's suggests Mid East business community buy art for investment purposes.
• Emaar Misr signs MoU with Egypt's Bibliotheca Alexandrina for redevelopment.
• Motorola's UAE market share up 100 percent.
• Istithmar and Europe's easyHotel.com to open chain of budget hotels.
• Trump hotel, The Palm Jumeirah to be the pinnacle of 21st Century Living.
• FranklinCovey Middle East enters Qatari market with a local affiliate.
• Lufthansa back in Bahrain.
• du partners with EMC to enhance customer service.
• SICO Investment Bank concludes largest BSE transaction in 2006.
• Cisco Systems launches office in Jordan.
• Dubai Investments reports a net profit of AED 253 million in first quarter 2006.
• Motorola outlines mobile devices strategy for MENA region.
• Gulf banks' upgrade prospects remain constrained, says Moody's.
• Mid East world's fourth largest carpet manufacturer.
• Nokia opens new hub in Beirut.