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Middle East and North Africa Business Report
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Articles in March, 2007 issue of Middle East and North Africa Business Report
- Qtel agrees to acquire control of Kuwait's Wataniya telecom.
- Poor diet and lack of exercise ravages UAE.
- Avaya broadens commitment to Middle East's small and mid-size businesses with its new all-in-one IP telephony solution.
- Hitachi Constuction Machinery bolsters Middle East presence with Dubai hub.
- Nakheel hails first day sales for Marina Residences.
- Abu Dhabi Securities Market extends period of trading session.
- Syria gets serious with tourism development.
- US$ 135 million multicurrency term loan for al-Ittefaq Steel Products Company.
- Toshiba locates Mid East Logistics Hub in Jebel Ali.
- Danube invests AED 30 million in Bahrain as part of regional expansion.
- LG CEO spells out Middle East's strategic role in company's global growth.
- Al Ain open for first sales of residential properties under new ALDAR mall redevelopment.
- Huawei awarded Algeria GSM-R contract.
- NBK receives a license to open in the UAE.
- DNV sails away with 50% market share of new shipbuilding contracts in Middle East & India.
- Kuwait: Telecom industry competition is set to increase with entry of new player.
- Honeywell showcased latest process control technology in six Saudi cities.
- Abu Dhabi Investment House announces 375% increase in net profits for 2006.
- Indian pharmas eye the Middle East.
- 60% of Emiratis overweight; Current regional spend on health industry is estimated at AED 272 billion.
- Moody's report hails Morocco economic improvement.
- International aid to the Palestinians grew during 2006.
- Dunkin' Donuts opens 40th outlet in the UAE.
- Dubai Cranes commences operations as Dubai Investment subsidiary.
- Deyaar's AED 362 Million Metropolis Tower sold out.
- ALDAR unveils its first quality development, Al Raha Gardens.
- Airport equipment supplier announces major growth as aviation industry booms.
- Emirates Marina to open doors in September.
- Nissan records highest market share in Lebanon in 2006.
- Ma'aden and Sabic sign strategic partnership agreement.
- Halliburton opens corporate headquarters in Dubai.
- Batelco, Cisco and BTI join hands to offer networking training to Bahraini students.
- Afkar Holding Co. seeks licenses for three major petrochemicals projects.
- Bahrain World Trade Center installs world's first integrated wind turbine power source.
- Qatar: One of the world's largest LNG production plants opens.
- Bahrain Bay secures $150 million financing from Ahli United Bank.
- National Bank of Dubai voted Best Bank in the UAE.
- Ras al-Khaimah among UAE's strongest emerging investment spots.
- HP fuels heavy demand from Middle East PSP market.
- Khoie Properties unveils 'La Hoya Bay Business Village', part of US$800 million mega project in Ras al Khaimah.
- ETA Star awards contract to Dutch Foundation for enabling work on The Summit.
- BankMuscat signs agreement with International Finance Corporation Washington.
- Record breaking Careers UAE Exhibition opens to strong Industry Support.
- US$6.8 billion expansion of Abu Dhabi international airport to be showcased.
- Global icons demonstrate the strength of the Middle East construction sector.
- SICO initiates research coverage on Emaar Properties - Recommends Emaar as cornerstone in any portfolio to create exposure to attractive GCC Market.
- Mall of Arabia inks deal with Azadea.
- UAE based company becomes 4th national telecom operator in Uganda.
- Booz Allen Hamilton: Middle East transport and logistics at crossroads.
- LG to boost AC production with launch of new facility in Saudi Arabia.
- Global Investment House: Kuwait market recorded 2.68% gain in February.
- Louvre Abu Dhabi to be created within the Saadiyat Island Cultural District.
- Assad opens new car plant.
- ALDAR's Central Market project races towards completion.
- Libya to build first nuclear power plant.
- DAMAC's Lake Terrace structure in Jumeirah Lake Towers completed.
- Abu Dhabi's position as major aircraft maintenance, repair hub boosted by GAMCO.
- DTK consolidates high-ranking status in Middle East PC industry with 20 percent growth in 2006.
- New accord to boost Jordan exports to COMESA.
- NBK launches a new Kuwait Equity Fund.
- Tally Solutions widens product reach in Oman.
- Dubai real estate sector: Delays and demand to sustain fundamentally sound market.
- Hydro involved in major new Libyan oil discovery.
- Kuwait - Profitability of banking sector improves in first 9 months of 2006.
- Emirates Bank International, National Bank of Dubai outlook to positive on merger announcement.
- GIC develops power transmission project to boost region's power infrastructure.
- Gulf International Bank increases paid up capital by US$ 500 million.
- China - GCC trade amounted to US$32 billion with 30% between China and the UAE.
- UAE cosmetics & personal care market worth over US$414 million.
- Huawei eyes Turkey's coming 3G opportunities.
- Gulf Merchant Group to launch new bank in Oman.
- Algerian tycoon sentenced in absentia to life imprisonment.
- Cisco invests $3.2 billion annually in R&D, says Cisco's KSA General Manager.
- Air Mauritius Awards GAMCO maintenance contract.
- Amlak reveals further expansion plans at Annual General Meeting.
- Cisco expands investments in the Gulf with the launch of direct operations in Qatar.
- Dubai: Marmum Dairy to boost annual production by 2.5 million litres by importing 300 Australian heifers.
- Amlak launches Islamic home finance for Egyptian market.
- Microsoft Bahrain opens its doors to MEA employees.
- Jordan backtracks on single women tourists.
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