Middle East and North Africa Business Report

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

• Taameer Jordan becomes a holding Co and broadens its scope.
• WFP Sudan welcomes ?30 million donation from the European Commission.
• Amlak signs Arab Orient to insure its homeowners.
• Batelco celebrates one year of successful E-Learning.
• Acer Number One for Notebooks in the Middle East.
• Oman: Oil production down, gas production up.
• Amadeus successfully implements electronic ticketing for Kuwait Airways.
• Nissan LCV Business Unit exceeds target one year ahead of commitment and starts independent operations in the Middle East.
• Investcorp acquires Moody International.
• Dubai Festival City announces agreement appointing IGY to manage Festival Marina.
• Deyaar launches two residential towers at Business Bay.
• 75 percent of DHL Bahrain shipments paperless.
• GE to build new Saudi Arabia chemical blending facility to support growing demand for quality water treatments.
• Lloyds TSB restructures its Middle East banking operations.
• National Bank of Fujairah nets AED79.9 million in Q1 2007.
• Chairman of Egyptian Tourism Authority leads roadshow delegation on its promotional trip to Bahrain.
• Dh600 million luxurious sea-front resort rises on the Hajar Mountains of Fujeirah.
• Libya assists WFP in race to get food aid to refugees in Chad.
• Emaar Industries & Investments invests in Mammut Building Systems to support major expansion drive.
• Al Barari project closes deals worth AED500 million during Cityscape Abu Dhabi.
• Arab World must focus on global competitiveness for sustained growth, Alabbar says at World Economic Forum.
• Airport investment across the region reaches US$ 60 billion.
• International General Insurance Holdings Limited announces year ending 31st March 2007 results.
• Memon Investments launches AED 80 million Cambridge Business Centre in Dubai Silicon.
• Middle Eastern airports offered new security boost.
• FORSA launches its first real estate project to kick start investment opportunities for women.
• Etihad signs usd400 million Islamic lease deal.
• Air Arabia's first quarter net profit soars to AED 43.4 million.
• Regional hospitality sector needs 1.5 million employees within 10 years.
• Green Packet Network launches operations in MENA region.
• Better buses for Abu Dhabi emirate - 17 companies compete to operate improved bus network.
• IIB to launch an asset management company in Saudi Arabia.
• Ericsson selected by Telecom Egypt.
• Burj Dubai takes on a shimmering glass fa?ade.
• GE selects SABIC to acquire plastics unit for $11.6 billion.
• Emaar, The Economic City highlights role of KAEC in economic growth at Saudi International Real Estate Conference.
• Kuwait: Activity in real estate remained strong during April, as the market continued to set new records.
• TAQA to acquire Northrock Resources Ltd.
• Oman medical manufacturing unit could float within three years.
• Dubai Investments AGM approves proposal for distribution of 25 per cent dividend.
• Projects worth US$ 400 billion on show at Cityscape Abu Dhabi.
• DHL Middle East expands capacity to meet growing demand.
• Dubai based EastNets acquires major international anti-money laundering solutions provider.
• Study: 76.6 percent of shops in Hebron closed due to Israeli limitations.
• DAMAC appoints main contractor for AED172 million Emirates Gardens-1 project at Jumeirah Village South.
• Understanding global risks to Middle East is key to effective regional leadership.
• Abu Dhabi investment authority accumulates an 8% stake in EFG-Hermes Holding.
• Gulf Extrusions introduces latest thermal break sliding system for aluminium frames.
• UPS expands operations in UAE.
• Health Authority - Abu Dhabi unveils forceful anti-smoking campaign.
• German market leader Dornbracht announces Middle East launch at the Hotel Show Dubai.
• Moody's issues annual report on Qatar.
• International General Insurance Holdings Ltd. announces new consulting agreement with Mr. Stephen L. Way.
• Health insurance law to cost UAE employers up to AED4 billion.
• ALDAR & ZonesCorp agree deal to develop workers residential city in Al Ain.
• Draft UAE arbitration law requires more sophistication to provide investor security.
• i2 Jordan launches an exclusive promotional offer with Swatch.
• Le Meridien Abu Dhabi offers exciting summer packages.
• Cisco Saudi GM affirms Cisco's commitment to Lebanon.
• DAMAC appoints 'Intermass' as main contractor for LAGO VISTA project at IMPZ.
• New security solutions company for Bahrain.
• Abu Dhabi Securities Market signs MOU with Bahrain Stock Exchange.
• Acer makes new strides in the Lebanese banking sector.
• Burj Dubai is now second tallest building in the world.
• Emaar Properties expands to Southeast Asia with AED 2.2 billion project in Indonesia's pristine Lombok Island.
• ADNH signs Management Agreement for the first JW Marriott Resort & Spa in Abu Dhabi.
• Minister of Economy confirms UAE gemstone exports of AED 2.4 billion in Q1&2 2006.
• TAQA dividend proposal gets approval; AED 207.5 million to be paid to shareholders.
• Dove uncovers issues of real beauty among Arab women.
• US$ 1.8 billion Aqua Dunya Resort breaks ground.
• Market Overview: Tehran Stock Exchange during March - April 2007.
• Drake & Scull International wins AED 178 million-contract for Park Rotana Mixed Used Development.
• Middle East demand for construction machinery soars as huge regional development continues.
• Rasmala doubles its capital.
• du brings outdoor media to life.
• Moody's upgrades GIB's credit rating to 'A2'.
• IBQ signs with First Qatar.
• Arabian Travel Market could double in size within five years.
• Dubai's pearl industry to be revived.
• World Bank: Palestinian economy can't recover due to Israeli obstacles.

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