Middle East and North Africa Business Report

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

• AMS nails 'Building Materials City' retail contract.
• Imseeh Jewelry ties up with World Diamond Council in a unique initiative for the first time in Jordan.
• Gulf Bank launches online trading on KSE.
• Bahrain: Sunset Hills project within Al Areen Development Project awarded.
• Abu Dhabi Securities Market finished 1st presentation in series of road-shows in London.
• Abu Dhabi Investment House launches Porta Reef Investment Fund.
• Made in the GCC new label for medical equipment.
• Etihad Airways orders 12 wide-body Airbus aircraft.
• Qatar's economic boom continues supported by massive investment flows and rising oil and gas exports.
• Agility and Transcar awarded world's largest freight contract with Qatar-Pearl GTL project.
• First international bank to issue a public SAR bond in Saudi Arabia.
• DAMAC Properties strengthens presence within the Jordanian Market.
• Arab Bank plc US$ 500,000,000 syndicated term loan facility.
• Tidalmarine Engineering secures contract to build marina for the aed 600 million luxurious mountain-sea resort in Fujairah.
• IIB to launch $65 million Abu Dhabi property fund.
• Consumer electronics segment at Gitex technology week gains industry backing.
• Israel suspends fuel and gas supplies to Gaza Strip.
• Abu Dhabi has massive tourism potential, says international expert.
• Saraya Private Aviation and Piaggio Aero sign agreement for six P.180 Avanti II at Paris Air Show.
• Abraaj Capital announces acquisition of strategic stake in Egypt's leading integrated sugar company.
• Al Rostamani Trading: 213% sales growth in first five months of 2007.
• Iran fuel rationing measures stir protest.
• Ras Al Khaimah, China to promote industrial trade.
• VeriSign and I(TS)2 to launch security operations centre in Saudi Arabia.
• GE Oil & Gas technology helps boost Qatar to number one in global LNG production.
• Duplas Al Sharq to increase production by 33% this year.
• UAE donation feeds thousands of school children in Mauritania.
• Gamers prepare for showdown as LG Windows Gaming Championship reaches UAE.
• Tejari completes AED 1.9 billion online tender for RTA.
• Victory Heights all set to become world-class sporting destination.
• BenQ expands high definition LCD TV line up in Mid East.
• Work begins on Dubai World's new US$350 million resort project in Morocco.
• Cisco launches telepresence in Saudi Arabia.
• Iraq economic & strategic outlook GDP & current account.
• Makaseb offers 30% guaranteed profit in Quattro West project.
• Moody's assigns A2/P-1/D+ first-time ratings to UAE's First Gulf Bank.
• Jordan's trade balance deficit on rise.
• Oman: Bankmuscat contributes RO3 million towards the rehabilitation of cyclone victims.
• Merrill Lynch says strong demographics and housing supply demand mortgage.
• Landmark Properties points to strong sales in Dubai Marina for first half of 2007.
• Guno damages in Oman amount to over US$3 billion.
• Dubai's acquisition of QE2 is major boost to British business interests in UAE.
• Global Investment House: GCC aluminum sector ? Attracting strong investments.
• CALYON awarded license to operate in Dubai International Financial Centre.
• Al Ahmadiah Hip Hing JV signs contract for AED 750 Million HHHR Tower.
• DFC strengthens ties with Jordanian flower exporters.
• Gulf Air Announces Early Retirement Package for Bahraini and Omani Employees.
• Acer still the vendor of choice with Tunisian Ministry of Education.
• Danes eye US$5 million Dubai production plant.
• ALDAR signs detailed MoU joint venture with Keppel Corp.
• Emirates unveils massive investment to set new benchmarks in travel comfort.
• Emaar finalising master-plan of its largest-ever global project in Libya.
• Tamouh Investments signs contracting deal with Malaysian giant SPK Bina Puri Joint Venture.
• Dassault's new Falcon 2000LX selected by Saudi Arabia's National Air Services (NAS).
• Istanbul ? top city destination for Middle East travellers.
• Saudi Arabia: New UPS Express Center opens in Hail.
• Jordan retains its status as the Arab World's most competitive cellular market while Iraq jumps to the second place.
• Borouge formally signs US$3.1 billion contracts for expansion project.
• Tejari and GoldenB2B Hospitality join forces to create seamless end-to-end purchasing solutions for the hospitality sector.
• Global receives a US$300 million syndicated loan.
• New event showcases US$2.1 trillion Halal industry.
• Dubai Investments acquires stake in al Qudra sports management.
• 17.9 million smart phones in Mid East by 2010.
• Emirates signs for eight more A380s worth US$2.6 billion.
• BankMuscat launches nation's first 'zero' % interest al a'awn (support) loans in aid of cyclone victims.
• Alumco wins AED125 million contract to decorate AED1.6 billion buildings by Daman at DIFC.
• artparis-abu dhabi to feature art treasures worth over AED 1.4 billion.
• US$ 200 million syndicated term loan facility for Bank of Sharjah.
• Dubai most congested city in the Middle East, survey.
• Batelco announces GPRS roaming agreement with Mobilink Pakistan.
• The North Development Company signs MoU with Jordan Telecom Group.
• Tripp Lite revenues soar by 55% in 2006 owing to greater demand for power protection products across the Middle East.
• Rasmala Private Equity Fund is paid off, returning 3.5 times capital.
• Mid East to become world's second largest flooring producer says industry expert.
• Strong growth forecast for MENA pay TV.
• Merrill Lynch receives licence to operate in KSA.
• Mobily doubles broadband speeds, launches 'USB connect'.
• Denton Wilde Sapte expands into Saudi Arabia.
• Abu Dhabi to embark upon an ambitious US$175 billion diversification programme.
• Jordan Telecom Group celebrates launching Orange internet service.

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