AME Info Latest News Web Feed
AME Info Latest News 
Sat Jun 27 20:19:32 EDT 2009
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Tadawul index down 0.14% - The Riyadh-based Saudi stock index Tadawul closed 0.14% lower at 5,601.19 points due to losses in the financial sector. According to bloomberg, the Saudi family holding company Al-Gosaibi whose Bahraini bank defaulted owes $9.2bn to more than 100 banks. Shares of Saudi American Bank (Samba) posted the largest loss today at the Riyadh Stock Exchange, falling by 4.97% to SR42.10. Gains in the real estate sector (up 2.54%) were not able to lift the market which saw a weak turnover of around 178.9m shares changing hands.
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Emaar and Dubai Holdings in advanced discussion on consolidation - Emaar Properties PJSC and Dubai Holdings LLC announced that they are in advanced discussions with regards to an intended combination of the following real estate businesses: Emaar, Dubai Properties LLC, Sama Dubai LLC and Tatweer LLC.
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Qatargas to provide quality training for nationals - Qatargas will provide training for Qatari nationals involved in Qatar Shell GTL’s Technical Preparation Programme (TPP) at its plant facilities and training center in Ras Laffan Industrial City (RLIC).
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Two new strategic partners for Intilaaqah Oman - Intilaaqah – a private sector lead initiative – is one of Shell Social Investment Programs.
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Large crowds gather around Hawadi model after winning 'Best Residential - Future Award' in Saudi Arabia - The phenomenal interest in Hawadi has triggered us in bringing forward its selling date, said Mr. Fahd Al-Rasheed, Board Member and Chief Executive Officer of Emaar E.C, the Tadawul-listed company developing King Abdullah Economic City (KAEC) after Hawadi Village received ‘The Best Residential - Future Award’ at "Cityscape Jeddah" on 14th of June.
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Zubair Automotive launches 2009 summer sale - This summer the Zubair Automotive Group is launching fantastic summer offers on some of their most popular brands with customers able to purchase cars for up to 25% of their usual sale price over the coming month.
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Aviall opens new facility in Dubai Airport Free Zone - Aviall Services, Inc. announced that its new customer service center in Dubai Airport Free Zone officially opened on June 25, 2009.
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Jordan Insurance Company meets with Munich Re’s Board Members - During the 45th Annual Seminar of the International Insurance Society that was held in Amman from June 7th till June 10th, the Chairman of the Board of Directors and the Managing Director of Jordan Insurance Company met with Munich Re’s Board Members.
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Capinnova to invest $50m in Bahrain’s retail sector - ‘Capinnova Investment Bank’ - the Shari’a compliant investment banking subsidiary of BBK will co-invest in a project valued at $50m in the retail sector.
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Aati offers clients bespoke interior design service - From designer bags to designer homes, Aati offers a bespoke interior design service akin to a personal stylist for the home.
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ITA of Oman holds its board meeting - The Information Technology Authority (ITA) of Oman held its board meeting under the auspices of H.E. Mohammed Nasser Al-Khasibi, Chairman of ITA on the 27th June 2009 at the conference room in ITA premises at Knowledge Oasis Muscat.
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Al Bustan Centre and Residence offers DSS discounts on its Health Club facilities - Al Bustan Centre & Residence, the deluxe hotel apartments which offer world class services and facilities in the heart of Dubai, is offering special discounts on monthly to yearly memberships for everyone at its popular Health Club this DSS.
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CDA highlights Dubai’s social development initiatives at International Social Sector Forum 2009 - The Community Development Authority participated in the International Social Sector Forum 2009 held recently in Berlin and co-sponsored by IBM, under the theme ‘Social Security and Social Services 2020: Managing through turbulence, delivering for the future’.
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Summer prizes and surprises at Muscat City Centre - Muscat City Centre has once again proved to be a shopping hotspot this summer, with around one million visitors coming through the mall’s doors since the beginning of its promotion in May.
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‘Magic On Ice’ show heads to Abu Dhabi - ‘Magic On Ice’, the magic show on ice, is on its way to Abu Dhabi for its Middle East debut.
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Minister of Higher Education and Scientific Research, UAE meets Gulf Medical University delegation - Gulf Medical University President along with a 13 member delegation met the Minister of Higher Education and Scientific Research, UAE at his palace.
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Ericsson eyes to launch 4G in Middle East - Ericsson has announced it is negotiating with mobile operators in the Middle East to launch the fourth generation (4G) mobile network, also known as the world's first commercial Long-Term Evolution (LTE) network in the region. LTE will enable operators to offer enhanced wireless broadband services as well as Internet TV, mobile video blogging, on-line video games and the mobile office environment.
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Dubai Customs incorporates Sign Language and 'Braille' in two new CSR initiatives - Publishing the Client Service Charter in Braille and conducting Sing Language courses are the latest initiatives taken by Dubai Customs as part of its Corporate Social Responsibility programs.
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Ericsson in talks with region’s mobile operators to launch 4G services - Ericsson said it is negotiating with mobile operators in the Middle East to launch the fourth generation (4G) mobile network, known as the world's first commercial Long-Term Evolution (LTE) network in the region.
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Renault Trucks International conducts its regional diagnostic DXI training in Bahrain - Renault Trucks Middle East Training Programme was recently held in Bahrain, at the premises of its authorized distributor, A.A. Bin Hindi BSC (c) from the 17th to 22nd May 2009.
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Asus launches gamer-centric notebooks - Asus has launched a gaming powerhouse 15.6-inch G51 notebook, sporting a futuristic, robot-inspired 'mecha' design. The G51 uses seamless gamer-centric interface elements and gaming performance both in the visual and audio departments. For a larger screen, Asus also offers the 16-inch G60. Both notebooks are equipped with Creative's EAX and CMSS technologies, an advanced HD 4.0 audio technology.
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17 Omani brands join world’s Superbrands club - When Superbrands was launched in Oman last year for the very first time, it hoped to identify brands that performed above and beyond other brands within their respective categories and the results from the ‘Superbrands Council’ prove just that.
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American Hospital opens fetal and maternal unit - The American Hospital Dubai has announced it opened a subspecialty in obstetrics called 'Fetal / Maternal Medicine' in UK, and 'Perinatology' in the US. The facility offers advanced fetal scanning technology and dedicated specialists to examine the fetus at a very early stage and identify possible problems.
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Flat screen manufacturer enters the UAE - Flat screen manufacturer AOC has entered the AUE market to sell its own brand. The Taiwan-based company is planning to set up a warehouse and offices in Dubai and may eventually have a manufacture base in the country, Khaleej Times has reported. The company expects at least 5% share of the Middle Eastern market for LCD monitors, flat screens and all-in-one components in 2009.
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Bank Muscat, NBO and Towell Piramal join hands to form a new real estate company - The giants of Oman economy joined hands to form a new real estate company Oman Urban Development Company L.L.C. (OUDC)
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