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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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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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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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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MoneyGram to Introduce Mobile Money Transfers
Bank of China, India’s Punjab National Bank and NCB in Saudi Arabia among newest agents
MoneyGram International (NYSE:MGI), a leading global provider of money transfer services, recently reached 180,000 global agent locations as banking giants Bank of China, India’s Punjab Nationa…
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Neverfail unveils Neverfail 6.0 at Gitex 2009
United Arab Emirates: Neverfail, a global software company specializing in affordable continuous availability and disaster recovery solutions, today unveiled Neverfail 6.0. [AMEInfo.com]
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Huawei captures most of the ODN FTTH market in UAE
United Arab Emirates: Huawei, a leader in providing next generation telecommunications network solutions for operators around the world, announced it has captured a considerable share of the ODN FTTH market in UAE for Etisalat. [AMEInfo.com]
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Lebanese-American man jailed in UAE for ‘terror’ link
A Lebanese-American man accused in the United Arab Emirates of having links to an Iraqi militant group was sentenced on Monday to 18 months in prison followed by deportation.
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Now is the Time Unlock Growth Opportunities in the Middle East
The MENA economies, which posted growth in 2009 despite the global crisis, hold significant untapped opportunities for confident investors, say leaders of the region’s leading private equity firm
Ahmed Heikal, Chairman and Founder of Citadel Capita…
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Now is the Time Unlock Growth Opportunities in the Middle East
The MENA economies, which posted growth in 2009 despite the global crisis, hold significant untapped opportunities for confident investors, say leaders of the region’s leading private equity firm
Ahmed Heikal, Chairman and Founder of Citadel Capita…
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Al Tayer stresses efforts to revive UAE’s economy
Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs, has stressed the importance of consolidating global efforts to overcome the financial slowdown.
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Free flu vaccine to be offered in UAE
United Arab Emirates: The H1N1 vaccine will be provided for free at more than 200 primary health care centres across the UAE, according to Gulf News. The vaccine will be available to all UAE residents by the end of October, the newspaper said. [AMEInfo.com]
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Hilton Dubai Jumeirah Events & Promotions November 2009
Cool Down Weekend Getaways
Dubai winters are blessed with a healthy dose of sunshine. And what better way to enjoy the winter beach season, than a relaxing weekend at the Hilton Dubai Jumeirah. Stay at the resort all throughout the winter weekends from just Aed 750 per day. Take advantage of …
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Gulfmena launches its flagship fund the Gulfmena Arab Opportunities Fund Limited
The first directional absolute return hedge fund in the Gulf region focusing on MENA public equities
Managed by Haissam Arabi, one of the MENA region’s most prominent fund managers
Gulf…
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EDC highlights UAEs companies in the F&B Sector at Germanys Anuga 2009
Foreign Trade between Dubai and Germany reach AED28.2B in 2008
Dubai Export Development Corporation (EDC) showcased the latest developments and achievements in the UAE’s food and beverage (F&B) industry at Germany’s Anuga 2009, world’s most important food and beverage trade fair.</d…
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DFSA Consults on Islamic Finance Rules in the DIFC
The Dubai Financial Services Authority (DFSA) issued last week a Consultation Paper setting out proposals to enhance clarity and accessibility of the Islamic finance Rules of the Dubai International Financial Centre (DIFC).
Consultation Paper No. 66, which is posted on the DFSA website www.dfsa.ae, s…
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