Sunday 31 August 2014
 
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Elaf

Elaf records 96pc occupancy during Ramadan

Saudi Arabia-based Elaf Group of Companies said its hotel at the Red Sea Mall in Jeddah recorded 96 per cent occupancy rate during Ramadan. The Elaf Hotel’s high occupancy rate went higher than its original sales target with

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Tourism share ‘2.6pc of Saudi economy’

Tourism sector contributes 2.6 per cent of the Saudi economy, according to a recent report released by the Saudi Commission on Tourism and Antiquities (SCTA). The sector is also set to create 1.7 million jobs over the coming six y

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Elaf to accommodate Libyan pilgrims

Saudi-based Elaf Group of Companies for Travel, Tourism and Hotels has signed a deal with the Libyan Hajj office, Ministry of Awqaf and Islamic Affairs to accommodate Libyan pilgrims. The pilgrims will be put up in Makkah Al Mukar

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KFH-Bahrain closes 3-way Islamic bank merger

Kuwait Finance House-Bahrain (KFH-Bahrain) has announced the closing of the first ever merger between three Bahrain-based Islamic banks, Elaf Bank, Capital Management House and Capivest. The merger created a strengthened financial

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Elaf Saudi hotels win ISO certification

  Elaf group, a leading tourism and hospitality group in Saudi Arabia, said its two hotels - Elaf Al Huda and Elaf Taiba in Al Madina - have obtained the ISO certification for food safety management systems.  &n

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Elaf to accommodate 6,000 Haj pilgrims

Elaf Group of Companies for Travel, Tourism and Hotels has signed a strategic contract to accommodate 6,000 pilgrims from Egypt during the 1433 Haj season at the Elaf Al Multaqa Hotel in Makkah. Headed by the group’s preside

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Bahrain’s top banks to vote on 3-way merger

Bahrain-based Islamic banks Capivest, Elaf Bank and Capital Management House will vote on a proposed three-way merger in shareholder meetings to be held by the end of June. The transaction is the first three-way merger to take pl

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Elaf completes Malaysia funding facility

Bahrain's Elaf Bank said it has concluded an funding facility for Malaysian company Serba Dinamik to help finance a five-year contract awarded by Petronas Carigali. Serba is a major provider of integrated and specialised engineering a

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Elaf deploys Sermon’s ERP solutions

Elaf Medical Supplies, a leading Jordanian medical supplies provider, signed a bilateral agreement with Sermon Business Solutions, for deploying its Enterprise Resource Planning (ERP) solution. Sermon’s ERP solution aims at assisting the c

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Elaf eyes Malaysian sharia banking licence

Bahrain's Elaf Bank has applied for a Malaysian Islamic banking licence after securing six financing deals worth about $1.4 billion in the country and Indonesia, its chief executive said on Wednesday.    The licence would e

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