More MENA Business News

FVC wins recognition from VASCO

Sun, 21 Mar 2010 23:29 GMT

FVC, one of the leading value added distributors across the Middle East and North Africa (Mena), has been recognised by VASCO Data Security Inc. as its "Best Newcomer" for its dedication and enthusiasm to expand VASCO's footprint in the region.

Bahrain TRA consults on its draft three-year work plan

Sun, 21 Mar 2010 23:22 GMT

The Telecommunications Regulatory Authority of the Kingdom of Bahrain (TRA) has released its Draft Three-Year Work Plan for 2010 - 2012 for public consultation, which sets out TRA's priorities for the coming three years.

Gourmet Gulf to open 3 major franchise outlets at Mirdif City Center

Sun, 21 Mar 2010 23:15 GMT

Gourmet Gulf, a pioneering food and beverage retail company operating premier casual dining brands in the Gulf, announced the opening of three franchise stores YO! Sushi, Gourmet Burger Kitchen (GBK) and California Pizza Kitchen (CPK) in the 2.1-million square-foot Mirdiff City Centre, Dubai's brand-new family destination and home to more than 450 world class stores.

Standard Chartered appoints CEO, Middle East, Africa, the Americas and Europe

Sun, 21 Mar 2010 23:11 GMT

Standard Chartered has appointed V. Shankar (Shankar) as CEO, Middle East, Africa, the Americas and Europe with effect from 1 May 2010. He will be based in Dubai and becomes the Bank's most senior executive located in the Middle East.

Qatar Shipping and Qatar Navigation announce signing of implementation agreement

Sun, 21 Mar 2010 23:06 GMT

Qatar Navigation Company Q.S.C. and Qatar Shipping Company Q.S.C. announced that, following the companies' joint announcement of 30 January 2010 that the Boards of Directors of the two companies had approved moving forward with a proposed merger, the full terms of the proposed combination (the "Transaction") were finalized and agreed.

February passenger traffic up 17.2% at Abu Dhabi International Airport

Sun, 21 Mar 2010 07:00 GMT

Abu Dhabi Airports Company (ADAC) today released its monthly traffic report for Abu Dhabi International Airport, which shows strong passenger and cargo growth for February 2010, over the same month last year.

Depa acquires leading regional marble company

Sun, 21 Mar 2010 06:59 GMT

Depa, one of the world's leading interior contracting companies, announced today that it has wholly acquired Carrara Mid East Industrial Co.LLC, one of the region's first, and the market's leading producer and installer of high quality stone.

Emaar Properties transfers management of education portfolio in Dubai to Innoventure Educational Investments

Sun, 21 Mar 2010 06:55 GMT

Emaar Properties PJSC, the global property developer, announced the transfer of its education portfolio in Dubai, including two schools, six nurseries and a vocational training campus, to Dubai-based premium education provider Innoventure Educational Investments LLC (Innoventures). The move will be effective from the next academic year commencing September 2010.

UAE Ministry of Economy instructs car dealers in Abu Dhabi to adhere to consumer protection law

Sun, 21 Mar 2010 06:53 GMT

The Consumer Protection Department of the UAE Ministry of Economy, today, instructed care dealers in Abu Dhabi and Western Region that any safety defects noticed in cars must be reported within 24 hours. Other routine complaints must be brought to the attention of the Department within 14 days.

Tadawul pushes up slightly

Sun, 21 Mar 2010 06:53 GMT

Saudi Arabia's Tadawul All Share Index (Tasi) rose by 0.33% to 6,722.04, with 74 stocks rising and 44 falling. All industries except Retail, Multi-investment and Hotel & Tourism reported rises. Allianz SF was the day's biggest riser, moving up by 4.46% to SR81.75.

DFM rises on first day trading

Sun, 21 Mar 2010 06:49 GMT

The Dubai Financial Market (DFM) closed up by 2.78% to 1,774.43, with 19 stocks rising, four falling and four holding steady. Emaar was again the most active stock by value and by volume, going up by 4.90% (Dhs0.18) to Dhs3.85. The DFM itself was the highest riser, moving up 6.32% to Dhs1.85.

ADX finishes up 0.91%

Sun, 21 Mar 2010 06:43 GMT

The Abu Dhabi Securities Exchange (ADX) rose 0.91% to 2,857.40, with 23 stocks rising, six falling and two holding steady. Abu Dhabi National Insurance Co was the day's biggest riser, moving up 9.92% to Dhs7.30. Abu Dhabi National Hotels was the day's biggest faller, going down 3.12% to Dhs4.35.

Weekly WTI oil price update: Crude futures slip as funds up bets on higher prices

Sun, 21 Mar 2010 06:38 GMT

Crude oil futures kept falling back from highs even though speculative funds increased their bets that prices are headed higher. The benchmark West Texas Intermediate contract ended the week at $80.68 a barrel, after nearing $83 earlier in the week, compared to $81.24 a week ago.

Qtel extends Dawli International Cards offer

Sun, 21 Mar 2010 06:34 GMT

The offer on Dawli International Cards, which provide affordable international calling rates in Qatar, has been extended to 6 April, it was announced today.

Alba sets a major safety record at the Calciner and Marine

Sun, 21 Mar 2010 06:31 GMT

Aluminium Bahrain (Alba)'s reputation as a smelter dedicated to creating a safe environment for its workers, and ensuring that its operations constantly match global safety standards received a substantial boost as Alba's Calciner and Marine recently succeeded in achieving1,500,000 work hours without a single lost time injury.

Saudi Arabia launches farm initiatives

Sun, 21 Mar 2010 06:00 GMT

Saudi Arabia launches farm initiatives

UAE- Worker's plea to cancel work ban rejected

Sun, 21 Mar 2010 06:00 GMT

UAE- Worker's plea to cancel work ban rejected

UAE- RAK residents urged to use health centres for non-critical conditions

Sun, 21 Mar 2010 06:00 GMT

UAE- RAK residents urged to use health centres for non-critical conditions

BA: UAE flights on schedule

Sun, 21 Mar 2010 06:00 GMT

BA: UAE flights on schedule

Liebherr makes strong foothold in Saudi Arabia

Sun, 21 Mar 2010 06:00 GMT

Liebherr makes strong foothold in Saudi Arabia

Saudi Arabia: Iman Bin Laden's repatriation a humanitarian issue

Sun, 21 Mar 2010 06:00 GMT

Saudi Arabia: Iman Bin Laden's repatriation a humanitarian issue

New road to ease traffic in Makkah's central area

Sun, 21 Mar 2010 06:00 GMT

New road to ease traffic in Makkah's central area

India to attract more Saudi students

Sun, 21 Mar 2010 06:00 GMT

India to attract more Saudi students

Jeddah- Austrian trade mission eyes new joint ventures

Sun, 21 Mar 2010 06:00 GMT

Jeddah- Austrian trade mission eyes new joint ventures

Saudi Arabia- TASI approaches 6,700 points

Sun, 21 Mar 2010 06:00 GMT

Saudi Arabia- TASI approaches 6,700 points

Qatar- Post-dated cheques to lose legal cover soon

Sun, 21 Mar 2010 06:00 GMT

Qatar- Post-dated cheques to lose legal cover soon

Qatar- Eatery prices not covered by consumer law

Sun, 21 Mar 2010 06:00 GMT

Qatar- Eatery prices not covered by consumer law

Kuwait- MoH puts off payment of increments

Sun, 21 Mar 2010 06:00 GMT

Kuwait- MoH puts off payment of increments

2,000 meter Kuwait flag unrolled

Sun, 21 Mar 2010 06:00 GMT

2,000 meter Kuwait flag unrolled

Sharjah- Trashed tyres turn eco-friendly

Sun, 21 Mar 2010 06:00 GMT

Sharjah- Trashed tyres turn eco-friendly

Makkah- Patient jumps out third-floor hospital window

Sun, 21 Mar 2010 06:00 GMT

Makkah- Patient jumps out third-floor hospital window

Saudi Aramco named energy company of the year

Sun, 21 Mar 2010 06:00 GMT

Saudi Aramco named energy company of the year

Dubai: Pearl trade rises to $27m in 2009

Sun, 21 Mar 2010 06:00 GMT

Dubai: Pearl trade rises to $27m in 2009

Monorail in Makkah to be ready by next year

Sun, 21 Mar 2010 06:00 GMT

Monorail in Makkah to be ready by next year

Academics, lawyers reject fatwa allowing Saudi women to work as maids

Sun, 21 Mar 2010 06:00 GMT

Academics, lawyers reject fatwa allowing Saudi women to work as maids

GCC unemployment to rise to 10.5% this year

Sun, 21 Mar 2010 06:00 GMT

GCC unemployment to rise to 10.5% this year

Orascom Construction reports 42% jump in Q4 profits

Sun, 21 Mar 2010 06:00 GMT

Orascom Construction reports 42% jump in Q4 profits

Egypt leaves key interest rate unchanged

Sun, 21 Mar 2010 06:00 GMT

Egypt leaves key interest rate unchanged

KSE ends day at drop to 7,408.1 pts

Sun, 21 Mar 2010 06:00 GMT

KSE ends day at drop to 7,408.1 pts

Kuwait- Ministry of Public Works 5-yr budget at KD 3.1 billion

Sun, 21 Mar 2010 06:00 GMT

Kuwait- Ministry of Public Works 5-yr budget at KD 3.1 billion

Major hotel project in Fes completed through Kuwaiti investment

Sun, 21 Mar 2010 06:00 GMT

Major hotel project in Fes completed through Kuwaiti investment

UN Secretary General calls for protecting water resources

Sun, 21 Mar 2010 06:00 GMT

UN Secretary General calls for protecting water resources

Abu Dhabi to host Arabian Power and Water Summit

Sun, 21 Mar 2010 06:00 GMT

Abu Dhabi to host Arabian Power and Water Summit

Dragon Oil: solid balance sheet underpins increasing profile in London

Sun, 21 Mar 2010 06:00 GMT

Dragon Oil: solid balance sheet underpins increasing profile in London

Abu Dhabi airport traffic surges in February

Sun, 21 Mar 2010 06:00 GMT

Abu Dhabi airport traffic surges in February

Dubai's pearl trade rises as imports up 30%

Sun, 21 Mar 2010 06:00 GMT

Dubai's pearl trade rises as imports up 30%

Middle East Credit Group tackles strategy for industry

Sun, 21 Mar 2010 06:00 GMT

Middle East Credit Group tackles strategy for industry

Oman's non-oil exports bounce back in 2009

Sun, 21 Mar 2010 06:00 GMT

Oman's non-oil exports bounce back in 2009

UAE- Du launches Business Super BlackBerry plan

Sun, 21 Mar 2010 06:00 GMT

UAE- Du launches Business Super BlackBerry plan

Dubai Islamic Bank named best bank for fifth year

Sun, 21 Mar 2010 06:00 GMT

Dubai Islamic Bank named best bank for fifth year