Kuwait Restores Support For Gulf Currency In January
Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a delay.
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Tadawul holds steady
Saudi Arabia: Saudi’s Tadawul ended the day up by only 0.01% at 6,400.39. Fifty-nine stocks rose, while 61 fell. Alinma Bank was the most traded by volume and by value, but ended the day down at SR13.75. Gulf Union posted the biggest rise, going up by 9.96%. [AMEInfo.com]
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Dubai DDE announces appointment of new Board of Directors
The Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), announced the appointment of a new Board of Directors composed of high-profile members of the international, regional and local diamond and jewellery industry.
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MENA private equity investment levels expected to rise
New private equity investment activity is expected to significantly increase in the MENA region in the coming 12 months, according to the latest MENA Private Equity Confidence Survey released by Deloitte.
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Kuwait Restores Support For Gulf Currency In January
Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a delay.
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OOX sign a group deal with MCN Media
United Arab Emirates: Out-n-out Online Xperts (OOX) have signed a group deal with MCN Media last week. This deal will provide MCN Media Agencies namely Universal Media, Initiative and Magna with Competitive Online Advertising Monitoring services throughout Q4 2009 and 2010. [AMEInfo.com]
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Palestinian unity hopes dim
Gaza report fiasco puts on hold Egypt-mediated agreement to bring Fatah and Hamas together.
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Kuwait Restores Support For Gulf Currency In January
Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a delay.
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Sharjah’s 13 new hotel complexes bring number of hotel rooms to 8,523
United Arab Emirates: Hotels and resorts are one of the main catalysts for tourism growth around the world, as the performance, quality and standards of the sector determine the rate of tourism growth. [AMEInfo.com]
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Palestinian unity hopes dim
Gaza report fiasco puts on hold Egypt-mediated agreement to bring Fatah and Hamas together.
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EFG Hermes named Best Brokerage House in Egypt and ranks among Africa’s top three Best-Performing Brokers
Egypt: EFG Hermes, the leading investment bank in the Arab world, has been recognized as Best Brokerage House in Egypt by emeaFinance magazine, recognizing its outstanding performance in one of the most challenging years on record. This is the second straight year EFG Hermes has taken home the emeaFinance Award. [AMEInfo.com]
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Primedia International partners with Corporate Communications Conference 2009
Bahrain: The First Annual Corporate Communications Conference 2009, the Kingdom’s first and only regional Conference focused on meeting the specialized branding, communications and marketing needs of a fast growing economy, is proud to announce the partnership of Primedia International, the undisputed regional leader in directory and business publications. [AMEInfo.com]
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Dubai Holding Commercial Operations Group repays $250m loan
United Arab Emirates: Dubai Holding Commercial Operations Group (DHOG), the holding company of Dubai Holding’s property, business parks, and hospitality verticals, announced today it had repaid in full a $250m loan to BNP Paribas. [AMEInfo.com]
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Gulf Capital Investments Targeting Saudi Arabia, UAE and Egypt
With more than half of the assets under management in regional Private Equity (PE) companies still un-invested, a limited number of deal flows and an overly-cautious capital, post-crisis survival will be challenging to many,” according to Dr Karim El Solh, Chief Executive Officer of Gulf Capital, a leading GCC Private Equity firms.
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Gulf Capital Investments Targeting Saudi Arabia, UAE and Egypt
With more than half of the assets under management in regional Private Equity (PE) companies still un-invested, a limited number of deal flows and an overly-cautious capital, post-crisis survival will be challenging to many,” according to Dr Karim El Solh, Chief Executive Officer of Gulf Capital, a leading GCC Private Equity firms.
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Investment experts rush to Bahrain’s fund forum on how to benefit from Gulf’s trillion dollar market
Bahrain: More than 75 investment experts are to take part in a major conference in Bahrain on investment fund management in the Middle East, supported by the Bahrain Economic Development Board (EDB). [AMEInfo.com]
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MENA private equity investment levels expected to rise
New private equity investment activity is expected to significantly increase in the MENA region in the coming 12 months, according to the latest MENA Private Equity Confidence Survey released by Deloitte.
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