Friday 25 April 2014
 
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Elaf

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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Elaf chief honoured for Makkah drive

The president of Elaf Group of companies for travel, tourism and hotels, was recently honoured for its contribution to a Makkah beautification initiative. Sheikh Ziad Bin Mahfouz received the award from Saudi Arabia’s Prince Khalid Al Fais

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