After a strong recovery which began end of August and lasted till yesterday, the QE Index in Doha today lost 1.58%, finishing at 8,307.48 points. Investors punished financial shares in particular, in the wake of the bank sell-out in Europe (the U. S. markets remain closed on Monday due to Labour Day, a national holiday). Doha Bank and Qatar Islamic Bank both dived over two percent while only Al Khalij Commercial Bank (up 0.58%) bucked the sector downturn.Article » Qatar:Monday, September 05 - 2011 @ 16:27
BMW Group Middle East conducted a survey amongst male and female 18-23 year old university students across the UAE. Findings concluded that there is a significant need for education on road safety awareness within this …Article » United Arab Emirates:Monday, September 05 - 2011 @ 16:27
Losses in the banking sector index were offset by gains in the real estate and insurance segment in Kuwait, where the KSE Market Index added 0.15% to reach 5,852.8 points. While National Bank of Kuwait ended flat, Al Ahli Bank of Kuwait dived three percent, closing at KD0.640. Shares of Kuwait Insurance Co. surged 3.6%. National Bank of Abu Dhabi commented on the Kuwaiti banking sector today: “A recent IMF staff country report estimated non-performing loans at 8.9% of loans at the end of 2010 (down from 11.5% in 2009). Exposure to real estate and investment companies continue to be challenges that weigh on the banking sector and broader economic activity.”Article » Kuwait:Monday, September 05 - 2011 @ 16:42
In keeping with the ‘Powering Learning’ theme of BETT 2011, Maths-Whizz, are encouraging visitors to power happiness in numbers. In order for effective learning to take place, happiness needs to be fostered; Maths-Whizz was created …Article » United Arab Emirates:Monday, September 05 - 2011 @ 16:47
Since the launch of its training center in June, RMCJ officially enrolled its programs to train all riders and its members guided by internationally recognized curricula, standards and resources.
RMCJ’s strong rooted commitment to give back …Article » Jordan:Monday, September 05 - 2011 @ 16:49
Chef Alexandre’s culinary passion stems from his youth, having grown up in a family of pastry chefs and food connoisseurs.
Hailing from France, his passion and career became one in 1996 when he began apprenticeships in …Article » United Arab Emirates:Monday, September 05 - 2011 @ 16:59
The transaction values DNO International at $1.64bn corresponding to NOK 9.50 per share and RAK Petroleum’s subsidiaries at $250m.
As consideration, RAK Petroleum will receive 153,422,343 shares of DNO International of which 9,500,000 will be in …Article » United Arab Emirates:Monday, September 05 - 2011 @ 17:15
The Riyadh-based benchmark index Tasi fell one percent, closing at 6,090.54 points, as only 21 out of 145 traded stock gained. Fresh fears over a new financial crisis, expressed by Germany’s Deutsche Bank CEO Joe Ackermann on Monday, weighed on all GCC exchanges. Market leader Sabic dipped 1.32% to SR93.25. Saudi Arabia Refineries Co., known as SARCO, gained the most with a plus of 9.84%.Article » Saudi Arabia:Monday, September 05 - 2011 @ 18:03