Middle East and North Africa Business Report

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Articles in April, 2007 issue of Middle East and North Africa Business Report

• Air Arabia IPO attracts close to 40,000 subscribers.
• TDIC partners Abu Dhabi's al Farida investment co. for hotel, apartments and mall complex.
• Nukote wins coating work on AED115 million Al-Maktoum Floating Bridge.
• Arcapita raises US$1.1 billion in oversubscribed murabaha offering.
• FGB reports record Q1 earnings net profit soars to AED 406 million.
• Sharaf DG opens electronics destination at Deira City Centre.
• Sorouh awards AED 223 million bridge construction package to Nurol.
• AAKAR awards shoring and piling excavation contract for CBC Tower.
• Arab Bank reports record net profits.
• Jazeera Airways selects SITA for Aircraft Communications.
• Aldar Properties signs golf star Paul Casey.
• 830 million dirham contract positions Dubai Sports City as centre of global sporting excellence.
• Deyaar seals AED 600 million Mudaraba with Dubai Islamic Bank to fuel strategic growth.
• Sabban Property Investments construct first-ever Carbon Neutral development in the Middle East.
• Deyaar announces IPO of AED 3.178 billion; Issue opens on May 6, 2007.
• Middle East: Population growth is the biggest issue to stability.
• 151% record net income growth of Shamil Bank.
• Bid to boost Saudi poultry exports.
• Emirates Glass to supply Doha City Centre phase II and III hotel towers with 83,000 sq. metres of glass.
• Zamil Steel plant officially inaugurates Ras Al Khaimah factory.
• Etihad reaches new heights in Q1.
• Health issues top list of concerns among GCC residents: LG-Synovate study.
• Revenues up 67%, Profits up 42% in best quarterly results ever for ARAMEX.
• Amlak Finance - Preliminary results for quarter ended 31st March 2007.
• Jones Lang LaSalle Study: UAE boasts world's highest travel and tourism economic activity per capita.
• Dow Jones indexes and Dubai Financial market to launch Shari'ah-compliant Islamic index for Dubai.
• Government of Bahrain to confirm Seef Properties IPO.
• UAE wood imports cross AED5.2 billion.
• Jerusalem train ? can it overcome settlers' objection?
• Saraya expands its services to announce 'Saraya Private Aviation'.
• Saudi based CPC inks a milestone deal with Bin Ladin Group for Dakar Airport.
• Changes in Wataniya International Leadership ? Qtel CEO takes the lead.
• Queen Alia International Airport project awarded.
• Aptec to distribute Digi-Link structured cabling systems in GCC countries.
• BankMuscat Opens Branch in Kingdom of Saudi Arabia.
• DMCC launches Dubai Pearl Exchange.
• GCC will continue to benefit from high oil prices.
• Al Qudra Holding profits increase by 202%.
• KM Properties strengthens Saudi presence.
• Suzuki Saudia flooded with purchase orders after launching SX4 car in KSA.
• Moody's announces bank rating actions for Oman resulting from implementation of JDA and BFSR methodologies.
• ETA Star India launches first residential project in Chennai, India.
• Oasis Leasing first quarter net profits top AED 28 million.
• International Property Show 2007 opens.
• NBK reports net profit of USD 221.5 million for the first quarter of 2007.
• Aabar subsidiary wins AED 85 million drilling contract in Algeria.
• TradeEgypt.com celebrates milestone growth with new services for Egyptian exporters.
• Nokia ties up with Ikbis for new Multimedia imaging experience.
• UAE: Ministry of Economy is strengthening efforts to protect Intellectual Property Rights.
• NBAD reports first quarter profit of AED 601 Million.
• Campus of the future makes debut in Kuwait.
• Dubai retailers prepare for arrival of HTC ? PDA maker to the world.
• Moody's Investors Service assigns SABIC long term foreign and local currency rating 'A1' with a stable outlook.
• Gulf Investment House Invests BD10 million in Durrat Al Marina project.
• Aqaba Container Terminal becomes main call for the international Danish line Maersk.
• New school management company to roll out 10 Middle East schools in AED400 million investment.
• UAE Minister of Economy visits Huawei's Headquarters.
• S&P to open office in Dubai to support development of Gulf capital markets.
• ETA Star Hospitality opens StarBoutique Clock Tower Hotel Apartments.
• How to increase competitiveness in the Arab countries.
• Moody's Investors Service establishes Dubai office in DIFC.
• Jordan: Wanadoo offers free ADSL set up fees.
• AMSI announces official launch in the UAE.
• Emaar Properties records first quarter 2007 profits of US$ 0.469 billion.
• SABIC announces highest ever SR 6.3 billion profits in first quarter of 2007.
• Qatari banking sector is in the midst of change and becoming more challenging.
• Jordan: Women participation in business decision making is very poor.
• Israel's government OKs deal to purchase natural gas from Palestinian Authority.
• ITC invests more than SR 1 billion to build its own Next Generation Network.
• Total exports of Bahrain in 2006 stood at BD4.35bn, registering an increase of 15.3%.
• ARAMEX integrates new trucking fleet to connect Saudi Arabia by land.
• Obesity levels in GCC very high; 60% Emiratis overweight.
• Megane Renault Sport makes Middle East debut.
• DTK poised to capitalize on UAE's growing PC market.
• DAMAC launches Signature residences.
• Egypt donates food to war-torn Somalia and Sudan.
• Dubai: Biggest ever Arabian Travel Market.
• Suzuki unveils aggressive strategic plan to increase presence in Middle East market.
• Burj Dubai sets global record with 120 levels.
• Consumers in the UAE will travel more, spend more and continue to shop.

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