Business Services Industry
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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