TradeArabia (Manama, Bahrain) back issues from January 2009:
Saudi Kayan closes $6bn financing deal.
Jan 01, 2009 ... Byline: Riyadh Saudi Kayan Petrochemical Company has secured $6 billion financing for its industrial complex after it obtained a $533 million loan from a state-owned fund, the company said. Kayan signed an agreement on Wednesday with the Saudi Industrial Development ...
Bahrain cancels New Year concerts.
Jan 01, 2009 ... Byline: Manama All New Year concerts in Bahrain were cancelled in support of Palestinians in Gaza following directives from His Majesty King Hamad. Egypt, Jordan, Dubai and Syria also cancelled festivities including concerts by renowned Arab singers. The ...
Iraq tax revenue jumps 16pc to $430m.
Jan 01, 2009 ... Byline: Baghadad Tax revenues in Iraq jumped 16 per cent last year to around $430 million, but taxes still account for just a tiny fraction of government revenue in a nation almost entirely reliant on oil, the government said. Tax revenues from various sources ...
More Gulf industrial projects at risk after Dow.
Jan 01, 2009 ... Byline: Dubai More Gulf projects may go the way of Kuwait's aborted $17.4 billion deal with Dow Chemical or be renegotiated as states take a hard look at spending amid the global financial crisis and an oil price slump. Gulf Arab states - which form the Gulf ...
H2O New Media launches TigerFish Network.
Jan 03, 2009 ... Byline: Dubai H2O New Media, a UAE-based social media agency, has announced the launch of TigerFish Network, the first Middle East-based social media advertising network. TigerFish Network will allow advertisers to target their online marketing strategy based on user ...
Shamil Bank honours staff.
Jan 03, 2009 ... Byline: Manama Shamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank, honoured several long-serving employees at its annual staff party. "Shamil Bank strives to develop long-term relationships with ...
Iran sees Opec meeting in Feb.
Jan 03, 2009 ... Byline: Tehran A senior Iranian official said on Saturday (Opec) could meet in February in Kuwait to review the oil market's performance in January, after a newly agreed production cut, but added that no official invitation had been made. The Organisation of the ...
Moulinex brings Masterchef 8000 to Gulf.
Jan 03, 2009 ... Byline: Dubai France's Moulinex has introduced its Masterchef 8000, that makes food and juice preparation easier than ever before with its direct drive technology. Featuring a new front use appliance with a powerful 850 watt motor incorporating a 1.5 litre blender, ...
Cabinet to decide on open trucks ban.
Jan 03, 2009 ... Byline: Manama The decision to ban transportation of workers in open trucks was taken by Prime Minister Shaikh Khalifa bin Salman Al Khalifa, the Interior Minister said yesterday. 'Efforts are on to get an extension at the next Cabinet meeting, based on a meeting ...
Chrysler gets $4bn US government loan.
Jan 03, 2009 ... Byline: New York Chrysler has received an initial $4 billion emergency loan from the US government, two days after the government completed a parallel payout to its larger rival General Motors Corporation. "This initial loan will allow the company to continue an ...
US governors seek $1 trillion federal assistance.
Jan 03, 2009 ... Byline: Philadelphia Governors of five US states urged the federal government to provide $1 trillion in aid to the country's 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession. The ...
Hautlence unveils its HLQ collection.
Jan 03, 2009 ... Byline: Dubai Hautlence, one of the most coveted Swiss watch brands, has unveiled its Basel 2008 novelty, the HLQ line, which epitomises innovative watchmaking concepts, technique and contemporary design. The HLQ collection plays with geometric symbols and the logo ...
Baume & Mercier launches sporty new watch.
Jan 03, 2009 ... Byline: Dubai Luxury Swiss watch manufacturer Baume & Mercier has unveiled the Riviera Chronograph XXL watch in flamboyant new attire of gold and black rubber. The new watch in red gold and black rubber expresses harmonious power and offers a resolutely modern and ...
Oil trims early loss on first trading day.
Jan 03, 2009 ... Byline: London The oil market kicked off 2009 feebly on Friday, falling nearly 8 per cent before trimming back losses to around 1 per cent once the US market opened. US light, sweet crude fell $0.40 to $44.20 a barrel by 1437 GMT, reversing part of Wednesday's $5.57 ...
DSF 2009 Lexus mega raffle launched.
Jan 03, 2009 ... Byline: Dubai Dubai Shopping Festival Office has launched one of the main raffle attractions for this year's Dubai Shopping Festival -- the Lexus Mega Raffle. Organised in cooperation with the Al Futtaim Group, a key sponsor of DSF 2009, the raffle offers cars and ...
Saleh named DFSA chairman.
Jan 03, 2009 ... Byline: Dubai Dubai Financial Services Authority (DFSA) has announced the appointment of Abdullah Saleh as the board chairman for a three-year term with effect from January 1. UAE vice president, prime minister and ruler of Dubai, Sheikh Mohammed Bin Rashid Al ...
Traditional Syrian drink a hit at Global Village.
Jan 03, 2009 ... Byline: Dubai A traditional Syrian soft drink served at the Syrian Pavilion which is located at the Global Village, is attracting visitors from all nationalities. Coming from the old streets of Damascus, 'Ereksoos' is a famous traditional soft drink that is ...
Helios, Abu Dhabi group ink logistics JV.
Jan 03, 2009 ... Byline: Abu Dhabi Helios Properties, the logistics development company run by Trevor Cartner and Mike Hughes, has signed an agreement with SinoGulf, the Abu Dhabi-based real estate investment company, to develop a network of distribution parks across GCC. The two ...
Turkey ups import duty on strip mill products.
Jan 03, 2009 ... Byline: Istanbul Turkey has increased import duties by up to 8 percentage points on coated and uncoated strip mill products with effect from January 1 2009, said a news report. The move is seen as benefiting local producers, as well as exporting countries with which ...
Lebanon debt may surge to $47bn.
Jan 03, 2009 ... Byline: Beirut Lebanon's public debt last year is expected to have reached $47 billion, the country's finance minister Mohammad Chatah said. Lebanon's gross public debt stood at around $45.65 billion at the end of September last year, the minister was quoted as saying ...
Oman Air enhances check-in options.
Jan 03, 2009 ... Byline: Dubai Oman Air will soon offer four new and innovative check-in options at Muscat and other key airports. Oman's national carrier will dramatically improve customer experience by providing four exciting new ways to check-in including using a mobile phone, ...
Hamdan program launches 'The Sport Leader'.
Jan 03, 2009 ... Byline: Dubai Hamdan Bin Mohammed Program for Sports Leadership Development (HBMPSLD), a program to promote sustainable development of Dubai in the sports field, launched its first activity -- 'The Sport Leader'. 'The Sport Leader' will dwell on the fundamentals of ...
Adnic unveils new brand identity.(Company overview)
Jan 03, 2009 ... Byline: Abu Dhabi Insurance industry leader Abu Dhabi National Insurance Company (Adnic), has launched its new branding campaign introducing a revitalised look and feel for its corporate identity. The decision to modernise Adnic's image came in response to an ...
Iran budget 'based on $37.50 oil price'.
Jan 04, 2009 ... Byline: Tehran Iran's 2009/10 budget is expected to be based on an oil price of $37.50 per barrel, a 'logical' level in view of last year's price fall, Oil minister Gholamhossein Nozari was quoted as saying on Sunday. An Iranian newspaper last month said the ...
du slashes call rates to Palestine.
Jan 04, 2009 ... Byline: Dubai du, the UAE's integrated telecom service provider, has reduced by 50 per cent its rates for all calls to Palestine originating from the UAE beginning December 30, 2008, enabling Palestinians to stay in touch with their families in the current situation. ...
Philips solutions to be showcased at Arab Health.
Jan 04, 2009 ... Byline: Dubai Royal Philips Electronics will demonstrate how it is providing solutions to diagnose and treat patients wherever that care is needed at Arab Health 2009 to be held in Dubai from January 26 to 29, 2009. The company will showcase its portfolio of ...
Dubai School of Government helps launch ACSS.
Jan 04, 2009 ... Byline: Dubai The Dubai School of Government (DSG) helped launch Arab Council for the Social Sciences (ACSS) in Cairo. The official launch will take place on December 17 and 18. The DSG played a vital role in the development of the ACSS, offering organisational ...
Zain eyes 30pc net profit growth in 2009.
Jan 04, 2009 ... Byline: Kuwait Mobile Telecommunications Co (Zain) expects net profit to rise by more than 30 per cent in 2009, its chief executive reiterated in remarks published on Sunday. Kuwait's biggest mobile operator sees earnings before interest, tax, depreciation and ...
Dyneon to launch Adona emulsifier.
Jan 04, 2009 ... Byline: Dubai Dyneon, a 3M company, will launch its Adona Emulsifier at the ArabPlast Exhibition 2009, the Middle East's premier trade show for rubber, plastics and plastic processing, to be held from January 10 to 13 in Dubai. US-based Dyneon is one of the world's ...
DQG hosts management seminar.
Jan 04, 2009 ... Byline: Dubai Dubai Quality Group (DQG) in collaboration with Ascent held a one-day seminar with the theme "Vision to Results." The high-level seminar focused on assisting organisations assess their business standing and identify steps and tools that will allow them ...
Tehran to reform subsidy scheme for oil products.
Jan 04, 2009 ... Byline: Tehran Iran will begin deregulating the heavily subsidised prices for oil products in three stages in the year starting in March. Deputy oil minister in charge of planning Akbar Torkan said it was part of President Mahmoud Ahmadinejad's economic reform plan ...
New Sun system boosts performance.
Jan 04, 2009 ... Byline: Dubai Sun Microsystems' enhanced line of Sun Fire(TM) x64 servers and Sun Blade (TM) systems will deliver up to 35 per cent better performance over previous generations. Powered with the new Quad-Core AMD Opteron processor and up to twice the storage, memory ...
China experts start work on Iraq's oilfield.
Jan 04, 2009 ... Byline: Baghdad Chinese oil engineers have begun work on developing a major Iraqi oilfield following the signing of a $3 billon contract, a senior Iraqi official said yesterday. The project, the first major oil development deal secured by a foreign firm in Iraq since ...
Ded honours distinguished staff.
Jan 04, 2009 ... Byline: Dubai Director general, Department of Economic Development (Ded), Sami Al Qamzi honoured the distinguished staff recognised at the Job Supremacy Competition 2008 launched by the department to strengthen staff performance and encourage the employees to exert more efforts ...
OBG names Abu Dhabi editorial manager.
Jan 04, 2009 ... Byline: Dubai Oxford Business Group (OBG), the highly acclaimed global publishing, research and consultancy firm, has appointed Trevor McFarlane as its Abu Dhabi editorial manager. McFarlane was previously OBG editorial manager for Saudi Arabia, and worked on the ...
Meet 'Goody Kitchen' chefs in roadshow.
Jan 04, 2009 ... Byline: Jeddah 'Goody Kitchen' is organising a roadshow in the major malls of Saudi Arabia as a part of its continuous commitment to forging stronger ties with housewives. Training in the art of creative cooking for health, high nutrition, finger-licking flavours, ...
Anchor Marina berths open to public.
Jan 04, 2009 ... Byline: Dubai Island Global Yachting (IGY), the luxury marina developer and management company, has announced the release of berths at Anchor Marina on Palm Jumeirah to members of the public. The luxury Anchor Marina is set to open in the first quarter of 2009 and ...
Abu Dhabi gold jewellery sales drop 40pc.
Jan 04, 2009 ... Byline: Dubai The volume of gold jewellery sales in Abu Dhabi fell about 40 per cent in December from November as higher prices and the uncertain global financial outlook crimped buying, the emirate's industry group said on Sunday. The sales in January could pick up ...
ME and Asia to top biometrics market.
Jan 04, 2009 ... Byline: Dubai The Middle East and Asia will have a major share in the global biometrics market, which is projected to touch over Dh27 billion ($7.35 billion) by 2012, a report said. The use of biometric security systems by companies and governments is going up, ...
Gazprom to sue Naftogaz.
Jan 04, 2009 ... Byline: Moscow Russian gas giant Gazprom announced yesterday it had decided to file a suit against Ukraine's national gas company Naftogaz to ensure transit of Russian gas through Ukrainian territory to Europe. Chief executive Alexei Miller said the company would ask ...
Mazda offers car health check.
Jan 04, 2009 ... Byline: Dubai Mazda is offering all its cars, both old and new, an exclusive 60 days health check. The Japanese car manufacturers are also offering special prices for clutch and suspension parts as well as labour charges, said a company offcial. The ...
Palm Water commissions Crescent SWRO plant.
Jan 04, 2009 ... Byline: Dubai Palm Utilities, a subsidiary of Istithmar World, said it has commissioned the Sea Water Reverse Osmosis (SWRO) plant to supply drinking/potable water to the Atlantis and other developments within the Palm Jumeirah's Crescent. The SWRO project has been ...
UAE bourses closed today.
Jan 04, 2009 ... Byline: Dubai UAE bourses will be closed today (January 4) to mark the death of the Ruler of the emirate Umm Al Quwain. Trading will resume tomorrow ...
Etihad crosses 6m passenger mark.
Jan 04, 2009 ... Byline: Abu Dhabi Etihad Airways flew more than six million passengers in 2008, a 34 per cent jump on 2007, the company said. The growth during 2008, Etihad's fifth year of operations, saw passenger numbers total 6,021,931 and the average seat factor rise from 68 per ...
Wataniya ties up with Travelport.
Jan 04, 2009 ... Byline: Kuwait Travelport GDS, one of the world's leading global distribution system (GDS) providers, have announced a new multi-year, content agreement with Wataniya Airways, Kuwait's premium carrier. Under the new agreement, fares, schedules and content from the new ...
Bahrain urged to adopt new budget.
Jan 04, 2009 ... Byline: Manama A call has gone out for an urgent plan to be mapped out to manage the fallout of global meltdown and the national economy to be restructured by adopting a new budget for the year. Experts recommended the measures as Bahrain is expected to witness a ...
Russia-Ukraine gas row hits EU supplies.
Jan 04, 2009 ... Byline: Moscow Russia and Ukraine looked no closer to compromise on Sunday over a gas row that has disrupted supplies to at least four European Union countries as they face freezing winter temperatures. Poland, Hungary, Romania and Bulgaria have reported drops in ...
Travelport signs up with Wataniya.
Jan 04, 2009 ... Byline: Dubai Travelport GDS, one of the world's leading global distribution system (GDS) providers, has agreed to a new multi-year, content agreement with Wataniya Airways, Kuwait's premium carrier, to provide all Galileo & Worldspan connected travel agents worldwide with ...
e-TQM College open Spring 2009 admission.
Jan 05, 2009 ... Byline: Dubai e-TQM College, the first e-learning institution in the UAE and the region, is currently accepting applications for their 2009 Spring Academic Programmes. "All the academic programmes offered by e-TQM College are accredited by the Ministry of Higher ...
Bahrain extends trucks ban deadline.
Jan 05, 2009 ... Byline: Manama The Bahrain cabinet has extended the deadline for banning the transport of labourers in open trucks and vehicles until May 1. The move follows a call by the Bahrain Chamber of Commerce and Industry which claimed the cost of establishing a fleet of ...
Indian buys Egypt medical firm for $18m.
Jan 05, 2009 ... Byline: Cairo An Indian investor has offered to buy the entire equity of Egyptian medical equipment firm Alexandria Medical Services for 100.8 million Egyptian pounds ($18.3 million), the stock exchange said on Monday. The investor, Bavaguthu Raghuram Shetty, who runs ...
DIP launches Luxury 'Sunset'.
Jan 05, 2009 ... Byline: Dubai Dubai Investment Properties (DIP), one of the leading real estate developers in UAE, has announced the launch of its exclusive multi-million 'Sunset' mixed-use development project in Dubai. The signature 'Sunset' development will include a high-end ...
Marketing blitz for Reef project.
Jan 05, 2009 ... Byline: Manama Landmark Bahrain and Ahad Holdings have come together to promote $100 million Le Reef project. They have signed a sales and marketing contract for the prestigious freehold residential development in Reef Island. Landmark Bahrain has been appointed as ...
Mediastow claims Amec Award 2008.
Jan 05, 2009 ... Byline: Dubai Mediastow, the Middle East's leading media intelligence firm, won the Amec Communication Effectiveness Award 2008 in the 'Best Use of Integrated Media Evaluation/Research' category. It is the first company in the Middle East to win the prestigious ...
Iraq's poultry industry bouncing back.
Jan 05, 2009 ... Byline: Baghdad The violence-hit Babylon Province in Iraq is transforming now into one of the country's largest poultry producing areas, due to the efforts of the US Grains Council and the Iraq Poultry Fund (IPF). The two organisations are working to help rebuild the ...
UAE banks to get $200m daily funding.
Jan 05, 2009 ... Byline: Dubai The United Arab Emirates central bank said on Monday local banks could borrow up to $200 million per day under facilities designed to cater to the financing needs of both conventional and Islamic banks. While conventional banks would be required to ...
Food prices falling in Bahrain.
Jan 05, 2009 ... Byline: Manama Industry and Commerce Minister Dr Hassan Fakhro yesterday inspected Manama and Muharraq central markets. He checked on the availability of food and ensured that prices are falling. Trader Ridha Al Bustani said that the markets are loaded with ...
LG to launch Netfix TV sets.
Jan 05, 2009 ... Byline: San Francisco Netflix and LG Electronics said on Sunday that LG will soon introduce TV sets that can screen Netflix movies directly from the Web without an external box. Last year, the US DVD rental company and the Korean electronics giant launched set-top ...
Saudi Arabia hikes Feb light prices.
Jan 05, 2009 ... Byline: Dubai Saudi Arabia raised its official selling prices for February for light crude oil to customers in the United States and Asia, state oil firm Aramco said on Sunday. Buyers of Saudi oil had expected the price to rise as the kingdom cuts supply under an ...
Gulf to ignore Iran supply cut call.
Jan 05, 2009 ... Byline: Dubai Core Opec oil producers in the Gulf would ignore Iran's call for Islamic countries to cut supplies to supporters of Israel in response to the Israeli offensive in Gaza, an Opec source said on Monday. 'There are no plans to do this and I think it is very ...
Turkish garment major plans 8 new outlets.
Jan 05, 2009 ... Byline: Dubai Turkish clothing major Koton has planned to open eight new shops in the GCC next year, a top company official said. While the UAE will get three new outlets, Saudi Arabia will get the rest, taking the total stores of the company in the region to 35 from ...
Vicini launches Summer Spring collection.
Jan 05, 2009 ... Byline: Dubai International shoe designer Giuseppe Zanotti - Vicini unveiled its Summer Spring '09 collection dedicated to the 'evolved woman' and 'endearing man'. From fringed low boot decking the ankle to summer boots with thin straps and calfskin stilettos and ...
Depa wins Saudi ministry contract.
Jan 05, 2009 ... Byline: Jeddah Depa Limited, a leading provider of interior contracting services, said its subsidiary, Depa Saudi Arabia has been awarded a $7.84 million contract to renovate the office of the minister of defence and aviation (Moda) in Jeddah. The five-month contract ...
Trucks ban deadline extended.
Jan 05, 2009 ... Byline: Manama The Bahrain cabinet has extended the deadline for banning the transport of labourers in open trucks and vehicles until May 1. The move follows a call by the Bahrain Chamber of Commerce and Industry which claimed the cost of establishing a fleet of ...
Samaya Deira offers weekend package.
Jan 05, 2009 ... Byline: Dubai Samaya Hotel Deira is celebrating its first year with an extended weekend package for all overnight guests by offering early check-in and late check-out in its 35 suites for Dh600 ($163.4) only. Samaya Hotels and Resorts CEO Ghassan Jaber said the ...