Kuwait Telco Zain Rejigs Management Structure
Kuwait telecoms operator Zain has changed its management structure, creating the positions of deputy chief executive and chief operating officer, it said on Sunday.
September 3, 2012 11:20-
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Guess who is back? Maradona Takes Dubai Sports Ambassador Role
Diego Maradona was appointed Dubai Honorary Ambassador of Sports on Sunday, less than two months after being sacked by the United Arab Emirates club Al Wasl.
September 3, 2012 11:17 -
Demand for UAE Islamic savings products to grow
People over the age of 65 in 2005 represented only 1.1 percent of the total UAE population. That age group is expected to grow to 26.4 percent by 2050, according to the United Nations Department of Economic and Social Affairs, with similar trends forecast for other Gulf countries.
September 2, 2012 4:01
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Bahrain’s Takaful growth drops to single digits
Bahrain has been a major hub for Islamic finance in the Gulf region, but in recent years that role has been challenged by other financial centres such as Dubai and Doha.
September 2, 2012 3:58 -
Fugitive U.S. businessman deported to UAE from Yemen
"Zack Shahin has been deported to the UAE at the request of the UAE government," said the security official, who asked not to be named under briefing rules.
September 2, 2012 1:02 -
Kuwait’s KPC says it hasn’t signed Canada deal
The company said the deal is conditional upon finalising details and garnering regulatory approvals, and gave no assurance that it will be completed.
September 1, 2012 9:46
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TATA Motors looks at Saudi plant for Jaguar Land Rover
Saudi has aimed at using its abundant natural resources to diversify its economy into complex industries
September 1, 2012 9:37 -
QATAR LNG PRODUCER RASGAS OFFICE PCS HIT BY VIRUS
Could this be the same virus that attacked Aramco in Saudi Arabia?
August 30, 2012 5:46 -
Abu Dhabi keeps crude supply to Asia but omits plus option
Abu Dhabi National Oil Co (ADNOC) will supply full contractual supplies of four main crude grades to Asia in October, but is not giving its customers a so-called "plus tolerance" option, traders said on Thursday.
August 30, 2012 10:42
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Saudi Arabia launches tender to buy 550,000 tonnes of wheat
The wheat will be delivered in two shipments, 275,000 tonnes to the Jeddah port and an equal amount to Dammam, the GSFMO said in an emailed statement.
August 29, 2012 6:00 -
Saudi Arabia has 1 million tonnes barley after big shipments
Saudi Arabia, the world's largest buyer of barley, has 1 million tonnes in stock, a trading source familiar with the matter said, enough to feed its camels and other livestock for about two months after importing a large volume.
August 29, 2012 5:59 -
UAE healthcare firm NMC’s net profit jumps 21 percent
H1 net profit $27.5 million; Capex rises sharply; Positive on H2 earnings, profit outlook
August 29, 2012 5:58
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Qatar Islamic bank plans $1.5 billion Sukuk programme
Qatar Islamic Bank (QIB) is planning a sukuk issuance programme of up to $1.5 billion, a company statement said on Wednesday. The bank will seek shareholder approval of the plan in a meeting on Sept. 16.
August 29, 2012 5:56 -
Wealth fund holds key to Qtel’s $2.2 billion Kuwaiti bid
Qtel offered 2.6 dinars/share for remaining Wataniya stake; Kuwait's sovereign fund has 23.5 pct stake in Wataniya; Fund yet to decide on its Wataniya stake
August 29, 2012 5:54 -
DP world’s H1 profit flat, cites global climate
Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.
August 29, 2012 10:07
