Wednesday 23 April 2014
 
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Amer Group launches Porto Dead Sea project

Amer Group, a leading Egyptian development company with the tourism and entertainment sectors, is set to launch the implementation phase the Porto Dead Sea project, estimated to cost JD800 million ($1.1 billion) overall and JD60 million for th

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Preferred Hotel Group appoints new head

Preferred Hotel Group, a global provider of sales, marketing and distribution services to independent luxury hotels, has appointed Saurabh Rai as its area managing director of South Asia and Middle East.   

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Sennheiser unveils new microphone system

The Sennheiser Group, a leading manufacturer of microphones, headphones and wireless transmission systems, has unveiled its Esfera 5.1 surround microphone system at Cabsat expo, a leading broadcast digital media and satellite expo in the MEA r

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Etisalat empowers women in rural Africa

UAE-based Etisalat Group launched an initiative to encourage entrepreneurship and financial autonomy for women in rural African communities, through its Moov subsidiaries in Benin and Togo. The ‘Weena’ initiative invol

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Telecom firm to open office in Bahrain

Telecom company Fast Link Group will open its regional office in Bahrain. General Manager Abdul Rahim Abdul Khaliq said they were in the process of completing administrative formalities for the launch during the first quarter next

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Mashreq named best UAE banking group

UAE-based financial institution Mashreq won the ‘Best Banking Group in UAE’ award at the World Finance Banking Awards 2013 recently. The criteria for choosing winners included bank performance, variety and clarity of p

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Indian developer to open Dubai office

Ozonegroup, a leading Indian real estate developer, is set to open a representative office in Dubai. The move follows increasing demand from the UAE and Gulf-based non-resident Indians (NRIs) for the Ozone brand projects in India,

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Two Saudi healthcare firms plan IPOs

Two of Saudi Arabia's largest private hospital groups will seek initial public offers of their shares on the kingdom's bourse next year, banking sources aware of the matter said, amid a surge in demand for healthcare services in the regi

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Delta Partners to invest $25m into Cash Credit

Dubai-based Delta Partners Emerging Markets TMT Growth Fund II is set to invest up to $25 million into Cash Credit and its affiliates, a Bulgaria-based provider of micro-financial services via mobile operators. Cash Credit, which

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Libya's oil chaos deepens as armed group shuts pipeline

Libya's largest western oilfields closed when an armed group shut down the pipeline linking them to ports, its deputy oil minister said on Tuesday, reducing its oil output to a trickle. Total Libyan oil output would be just un

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