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Thursday 28th, August 2008 -- 23:35 GMT


	Emaar.E.C awards Ericsson a SR320 million agreement to build and operate smart city network for Ethraa



	Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded a SR320 million (US$85 million) strategic agreement to Ericsson, the leading global telecom company, to implement and operate ...


	New Alliance announces three visionary market tailored finance initiatives



	An agreement was reached today to create three visionary new initiatives focused on driving market specific innovation across the Middle East, North Africa, South Asia (MENASA) region and ...


	Kuwait: Real estate sales volume soar during July



	In its latest economic brief on the monthly statistics of registered real estate contracts issued by the Ministry of Justice, excluding sales conducted through agents, National Bank of Kuwait reports that, real estate sales volumes jumped by 50% to ...


	Global’s Private Equity Team Acquires Controlling Stake in Al Sawani, Saudi Arabia



	The Private Equity Group of Global Investment House (Global), announced today the completion of the acquisition of a controlling stake in Al Sawani Food and Industrial Supply Company ("Al Sawani" or "the Company"). The announcement came as the ...


	Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence launced



	ACI Real Estate and Ferretti Group today launched two luxury waterfront residences, “Ferretti Luxury Beach Residence” and “Pershing Luxury Beach Residence”. ...


	Egypt: Reserve of wheat enough for five months



	Egyptian Industry & Trade Minister Rasheed Mohammed Rasheed said the country's strategic reserve of wheat which is valued at 3.8 million tonnes is enough for five ...


	Amlak Finance launches new product



	Amlak Finance PJSC, the largest real estate financier in the Middle East, today added another feather in its cap of innovative products by announcing the official launch of ‘Amlak ...


	AlBaraka signs US$15m deal for Amiantit Fiberglass Industries



	AlBaraka Islamic Bank B.S.C (Bahrain), one of the banking units of Albaraka Banking Group (ABG), said that it has completed the signing of a milestone transaction with a US$15m Ijaraha Wa Iktina and Murabaha facilities for Amiantit Fiberglass ...


	Qatar Steel pulls out from Mauritania project



	In a statement to the Doha Securities Market (DSM), Industries Qatar declared that its wholly owned-Qatar Steel Company has pulled out from Guelb El Aouj project in Mauritania due to strategic reasons. ...


	A Partnership between National Bank of Umm Al Qaiwan and Global Investment House



	The National Bank of Umm Al Qaiwain PSC (“NBQ”) and Global Investment House (“Global”) announced today a primary agreement to issue and subscribe a convertible debt instrument. ...


	Agility DGS wins marine storage contract worth upto us $140 million



	Agility Defense & Government Services today said its Taos Industries subsidiary won a contract to store, distribute and maintain equipment for the US Marine Corps at 15 bases within the United States and five others around the ...


	GCC expected to channel US$100 billion to increase power generation within next 10 years



	The GCC is expected to invest close to USD 100 billion to increase its power generation capacity within the next 10 years, as studies reveal that the six countries that comprise the GCC member states need at least 100,000 megawatts to support the ...


	Solidarity set to establish SR 555 million Saudi associate



	Solidarity Group, a member of the Ithmaar banking group and one of the largest takaful companies in the world, has received preliminary approval from the Saudi Arabia Monetary Agency (SAMA) to establish Solidarity Saudi Takaful Company, an associate ...


	Deutsche Bank ready to offer access to Saudi stock market via swap agreements



	Deutsche Bank announced today that it is ready to commence offering its international clients access to Saudi Arabia’s stock exchange, the largest equity market in the Middle East. Most Recently Saudi Arabia’s Capital Market Authority (CMA) took ...

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