Japan Tech Fest ‘KoTEN’ returns to Kuwait – Easa Husain Al-Yousifi & Sons Co and Sharp join hands
February 22, 2012
Easa Husain Al-Yousifi & Sons Co (EHY) yesterday announced the return of the Japanese Technology Festival – “KoTEN” to Kuwait, this time to be held at the Eureka showroom in Salmiya. As always, Sharp promises great product offers and special discounts to their Kuwaiti customers through the efforts of their partner’s EHY and Eureka.
Wael Deeb, General Manager – Electronics Wholesale Group, expressed great enthusiasm regarding the event. He commented that “KoTEN was a success at all levels the last time we conducted it and this time we promise to make...
Swicorp Joussour Company announce the successful sale of the sole asset held by Middle East Jackup Company
February 22, 2012
In an all cash transaction, MEJU has sold its jackup drilling rig Haffar 1 to Compañía Perforadora Mexico S.A.P.I. DE C.V. (PEMSA), a subsidiary of Grupo Mexico. The Haffar 1 is a completely outfitted and equipped, Friede & Goldman designed, Super M2 self-elevating Mobile Offshore Drilling Platform. The rig is designed to operate in water depths of up to 300 feet and has a rated drilling depth of 30,000 feet. The Haffar 1 was constructed in Sharjah, UAE by Maritime Industrial Services Co. Ltd. Inc. (MIS), a subsidiary of Lamprell PLC.
Swicorp's original investment in MEJU...
Get the best of ‘Spicy Village’ straight to your doorstep
February 22, 2012
Experience great Indian, Chinese and Continental food cooked to perfection and delivered with a smile with the Spicy Village home delivery service. For an order of just RO 3 onwards customers can get their choice of order from the extensive menu delivered to their homes in Muscat, Sohar, Sur and Nizwa areas. Food can be ordered for immediate delivery or delivery can even be scheduled for a later date.
As a special incentive the restaurant chain is offering a 10% discount on orders over the value of RO 10 and 15% off on orders over the value of RO 15. The delivery is also targeted at office-goers...
Saudi public debt seen at lowest level in decades
February 22, 2012
Strong oil prices allied ally with a surge in its crude output to depress Saudi Arabia's domestic debt by nearly SR31 billion in 2011 and the debt is expected to dip this year to its lowest level in more than two decades.
Expectations crude prices will remain high will also boost the official foreign assets of the world's oil powerhouse to a new peak of nearly $694 billion at the end of 2012 before climbing to an all time high of $726 billion at the end of 2013, according to the Riyadh-based Jadwa Investments.
From SR167 billion at the end of 2010, Saudi Arabia's public debt shrank...
Qatari designer launches her first collection of jewellery
February 22, 2012
One of the newest brands to be launched at the Doha Jewellery and Watches Exhibition comes from a name with which jewellery aficionados in Qatar will be extremely familiar.
Noor Alfardan, vice-president of Alfardan Jewellery, has officially launched her first collection of jewellery, “Noudar”, which is on sale at the company’s stand at the exhibition.
“It was very important for me to wait for the Doha Jewellery and Watches Exhibition to launch as I am a Qatari and this was something that was very personal and important to me, and I wanted to see how people...
Mega Islamic bank may be launched in 2012
February 22, 2012
A long-awaited mega Islamic bank to be headquartered in Bahrain may be launched this year and $600 million of its $one billion capital will be contributed by Islamic banks in the Arab region, a senior banker has said.
The remaining capital will be subscribed by local sovereign wealth funds and other financial institutions and investors, said Adnan Youssef, chairman of the Beirut-based Union of Arab Banks (UAB).
Touted to be the world's largest Shariah-compliant unit, the bank idea was first floated in 2009 but was delayed many times because of the repercussions of the 2008 global...
Nike Unveils Performance Innovations for Summer of Competition
February 22, 2012
NIKE, Inc. (NYSE:NKE) announced today a series of cutting-edge, lightweight performance innovations designed for the track, the basketball court and beyond for this summer. Multiple products were unveiled, ranging from Nike Flyknit footwear, to the Nike Hyper Elite basketball uniform to the next evolution of NIKE Lunarlon footwear.
NIKE, Inc. President & CEO Mark Parker"...
Be Together: The Bentley User Conference Registration Now Open
February 22, 2012
Be TogetherIs Being Held at the Pennsylvania Convention Center in Philadelphia, Pa., U.S.A., May 15-17, 2012; to Register Visit www.bentley.com/betogether Be Together: The Bentley User Conference
Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, today announced that registration is now open for this year’s Be Together: The Bentley User Conference at ......
A.M. Best Granted Approval to Establish in the Dubai International Financial Centre
February 22, 2012
A.M. Best is pleased to announce that it has obtained the necessary approvals to establish within the Dubai International Financial Centre in Dubai, UAE. The new office will operate as A.M. Best MENA, South & Central Asia, servicing clients throughout the region and developing new relationships to grow its insurance ratings franchise. Rating analytics will continue to be performed by teams based in London and Hong Kong.
Vasilis"...
ZTE Extends Partnerships with Leading U.S. Technology Companies
February 22, 2012
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today reinforced its commitment to providing high quality telecommunications solutions worldwide by acknowledging its intent to continue to source application-specific integrated circuits (ASICs) from two industry-leading manufacturers.
ZTE"...
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