The Bank Achieved Net Profit of SDG 22.6 Million during 2009 with Other Notable Leaps in their Financial Position despite the Challenges of the Global Financial Crisis

 

Dubai Islamic Insurance and Reinsurance Company, Aman, signed today a co-operation agreement with the American Life Insurance Company, ALICO. Under the agreement, Aman will provide Alico's insurance products that are compliant with the Sharia principles, as determined by Aman's Fatwa and Sharia Supervisory Board, to its customers in the UAE.

 

AREVA's Transmission and Distribution (T&D) division has secured an order worth approximately €11 million for Knowledge Economic City, one of Saudi Arabia's emerging Economic Cities.

 

Amwaj Islands has launched Amwaj Marina, its latest multi-million dinar development. Amwaj Marina will be the waterway access to Amwaj Islands and the Kingdom's newest marina.

Aswaaq and Desert Group aim to develop local environment to bring neighbours closer together and develop staff expertise

 

Bahrain Investment Wharf (BIW), under development by Bahrain based Tameer (Tameer), has signed a Memorandum of Understanding (MOU) for the assignment of the Telecommunication, Information Technology Services (ICT) to Kuwait Establishment Co. W.L.L Bahrain Branch.

Renowned scholars from all over the world and the UAE will be participating in the conference on “New Perspectives On Recording UAE History” to be organized by the Center for Documentation and Research from November 23rd to 25th 2008, at its premises in Abu Dhabi.

Agreement marks a significant milestone for Ducab's OGP division with two contracts for GASCO's Integrated Gas Development (IGD) Project

 

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai Minister of Finance and Industry and Chairman of Dubai Municipality, inaugurated the two-day Euro-Arab Cities Forum today in Dubai.

Durrat Marina, the region first mixed use marina development, has been awarded the CNBC Arabian Property Award 2008, as the ‘’Best Marina Development’’.

Gulf Jet, a pioneer private airline in the region, has launched its new brand identity on the sidelines of its participation in the 11th Dubai Air Show, which will be taking place on November 15th at the Airport Expo Dubai.

Marketing professionals and leaders from across the region, convened at the Al Murooj Rotana Hotel for MARKETING 08, a regional conference from the creators of Leaders in Dubai. The event, titled “Creativity in Experimental Times,” featured interactive sessions, panel session debates, a choice of three tailor-made afternoon breakout sessions and social networking.

KTV Middle East has signed an agreement with the Al Ahlia Sales and Distribution Company “Lingo’’, KTV’s exclusive distributor in KSA market, to supply a thousand 22-inch LCD KTV televisions to Showtime Satellite Network. The agreement was signed by Mr. Abdulla Baheshin KTV Middle East Asst. General Manager and Mr. Nazar Othman the Managing Director and Deputy Member for Al Ahlia Company “Lingo.”

Programme offers a way for UAE companies to encourage resource conservation in respective community networks.

Bahrain 1 June, 2009 President Obama will be on a strategic visit this coming week to Saudi Arabia and Egypt. Obama will be in KSA on Wednesday to seek King Abdulla’s support over the nuclear standoff with Iran and to discuss other strategic issues, but the peak of the trip comes a day later when he addresses the Islamic world from Cairo University laying out his vision for a two –state solution between Israel and the Palestinians and to reiterate the respect of the United States to the Islamic Culture.

MRHE celebrated UN World Habitat Day 2009 in a ceremony held at Mushrif Park (International Village Area), Dubai, on Monday, October 5th. The United Nations has designated the first Monday of October every year as World Habitat Day.

The Mohammed Bin Rashid Establishment for Young Business Leaders (MBRE) assured the positive results and the support by Global Village of its members' participation in the 2008. It was noted that financial outcomes achieved by the participants in the last year event have reached Dh 3,605,978 (three million, six hundred and five thousand, nine hundred and seventy eight dirham).

Programme offers a way for UAE companies to encourage resource conservation in respective community networks.

“Mithaq Lil-Takaful”, a newly established Sharia-compliance insurance firm, has said that it has received the approval of the Emirates Securities and Commodities Authority to start operating in the United Arab Emirates.

Tawam Hospital in affiliation with Johns Hopkins Medicine has announced that it has been awarded the Hazard Analysis Critical Control Points (HACCP) certification for its food safety standards.