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Friday 16th, May 2008 -- 22:41 GMT


	Morocco to invest US$19 million in new football academy



	Morocco's King Mohammed VI laid on Wednesday the foundation stone of "the Mohammed VI football academy" near the city of Sala Al ...


	Moody's: Omani banks enjoy strong earnings and growing franchises



	The rated Omani banks continue to enjoy well-established domestic franchises, strong earning-generating capability despite pressure on interest rate margins and good capital levels, says Moody's Investors Service in its latest 'Banking System ...


	Arig posts net profit of US$ 3 million for 1st quarter 2008



	Manama: Arab Insurance Group (B.S.C.) (Arig) announced a net profit of US$ 3.0 million for the first quarter 2008 (Q1 2007: US$ 7.6 million). The performance of the company’s core reinsurance business was better than expected but the volatility of ...


	Three master developers and Bunya lay foundations for Reem Island



	Bunya, the resident regulatory authority and regional infrastructure developer for Reem Island, announced today that work on several key projects on the landmark development is intensifying and are on ...


	INTRACOM TELECOM signs a €40 million contract with the Syrian Wireless Organization



	INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, today confirmed a €40 million agreement with the Syrian Wireless Organization for the deployment of a wireless telecommunications network in Syria. Under the framework of ...


	UAE petrochemical capacity to treble



	US$40 billion in new investments expected in Gulf chemical and petrochemical sector by ...


	BSA and IDC Global Software Piracy Study reveals increase in global piracy



	UAE remains top anti-piracy performer in the ...


	Burooj Properties unveils three projects as part of AED 50 billion investment in property development



	Burooj Properties, a leading real estate company in the region, has started implementing projects worth over AED 18 billion in the UAE, as part of its total investment of AED 50 billion in property development in the region by 2010. The company ...


	Cerner Millennium Health Information Technology implemented in Abu Dhabi



	Cerner has announced the implementation of multiple Cerner Millennium® healthcare information technology (HIT) solutions at Tawam Hospital in Al Ain, Abu Dhabi, UAE. ...


	Daman investments launched AED50 million art fund



	Daman Investments announced the establishment of an innovative fund devoted to building a significant collection of Arab and Middle Eastern Art. Speaking on behalf of Daman, the group CEO Mr. Shehab Gargash said: “We believe ...


	NBF Q1 results show consistent business growth



	National Bank of Fujairah (NBF) announced its results for the three months period ended 31 March 2008 recording profit of AED 55.4 million, down 31% from corresponding quarter of 2007 ...


	Limitless to deliver first green buildings in Jordan



	Limitless, the global real estate arm of Dubai World, will deliver Jordan’s first ‘green’ buildings – and annual cost savings of US$2 million a year – with Limitless Towers, the company revealed today. ...


	Over 25% of young Iranians unemployed



	More than a quarter of young Iranians are unemployed, the head of Iran's Statistics Centre was quoted as saying on Monday but a reformist MP said the figures might be ...


	Bahrain: Six firms express interest to become third mobile network operator



	Bahrain's Telecommunications Regulatory Authority (TRA) has received a total of seven responses to its request for expressions of interest in the award process of the licence for the third mobile network ...

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