Sunday 20 April 2014
 
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IBB launches sharia-compliant cash account

Islamic Bank of Britain (IBB), the UK’s only wholly sharia-compliant retail bank, has launched its IBB Notice Cash Individual Saving Account (ISA). The account offers consumers an ethical, tax-free way to save, with an expec

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Novus launches energy saving initiative

Novus Community Management, a UAE-based real estate services company, has launched its energy programme, to reduce the environmental impact of residential and commercial buildings. The Novus Energy Program, in partnership with Ene

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Gulf Air's new fleet deal to save $2.5bn

Gulf Air said its renegotiated deals with the world’s two largest aircraft manufacturers to change its orders for the future will save the company around $2.5 billion. The move will see the Bahraini carrier change orders for

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Ithmaar adviser urges responsible spending

People to take a more responsible view of spending and resist the growing culture of consumerism, said a senior Bahraini Sharia scholar and an Islamic banker. Dr Adel Marzooqie, the Ithmaar Bank Sharia adviser, said there appears to be a g

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Employee suggestion saves Alba BD30,000

A proposal made by one of the employees of Aluminium Bahrain (Alba), a leading aluminium smelter, has not only reduced costs, but also yielded a net saving of nearly BD 300,000 annually for the company. Acting manager engineer, Abdul Hussa

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Oman to launch 'save electricity' campaign

The Sultanate of Oman is gearing up to launch its first nation-wide summer electricity and water saving campaign. Oman minister for national economy Ahmed bin Abdulnabi Macki will kick off the campaign tomorrow (June 2) in t

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Dubai saves 100,000KWh power during Earth Hour

Electricity consumption dropped by 100,000KWh in Dubai during the city’s first Earth Hour on Saturday as residents and businesses across the city switched off non-essential lighting. At 8pm local time, thousands of individual participants

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Telcos 'can save millions in energy cost'

A typical western European mobile operator can save millions of euros a year by simple energy-saving measures, Nokia Siemens Networks said. A typical operator with 10 to 15 million subscribers uses about 170 gigawatt hours of electricity a

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Bank Sohar opens new branch

Hilal Bin Bader Bin Ali Al Busaidi, Wali of Sohar, has formally inaugurated a new branch of Bank Sohar at Souq Sohar. “The sheer scale of the economic development now under progress in Sohar makes it an ideal time for Bank Sohar to make it

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