Archive for the Category ‘Finance’

Estarta Solutions Launches New Version of A4SADAD Bank

Estarta Solutions Launches New Version of A4SADAD Bank

17/01/2010 Amman – Riyadh – Estarta Solutions has launched the new version of A4SADAD Bank which is associated to SADAD payments system in Saudi Arabia. A4SADAD Bank is a unified solution for connecting systems, banks, and governmental and non-governmental organizations to SADAD payment system in Saudi Arabia, in addition to being the first system in [...]

Partnering to create a stronger Islamic financial sector

Partnering to create a stronger Islamic financial sector

Manama, Bahrain – 07 December 2009: UK Trade & Investment is leading an 18 strong delegation of UK Islamic finance organisations to the 16th Annual The World Islamic Banking Conference. While financial markets have been tested this year UK Islamic financial organisations remain positive that business continues and they remain committed to strengthening their partnerships [...]

Ministry of Economy focused on global cooperation, Al Shihhi

Ministry of Economy focused on global cooperation, Al Shihhi

Abu Dhbai, October 7, 2009 – His Excellency Mohammed Ahmed Bin Abdul Aziz Al Shihhi, Director General of the Ministry of Economy, said the UAE Government is focused on boosting cooperation globally as part of its open economic policy.
He was addressing the second UAE- Korea Director General meeting to discuss the preparations for [...]

Middle East in Top Ten Confectionary Markets in the World

Middle East in Top Ten Confectionary Markets in the World

Dubai, 02-Aug-2009: The Middle East is identified in the top ten markets for confectionery products in the world, with a high per capita consumption of chocolate in particular.
According to a recent study by TNS Media Intelligence, the total Middle East confectionery market is valued at US$ 113 billion, and the market has grown by 15 [...]

Al Rayan Investment Delivered Key Speech at Inaugural Clean Technology Assembly

Al Rayan Investment Delivered Key Speech at Inaugural Clean Technology Assembly

Abu Dhabi, 03 August 2009: Al Rayan Investment, the Abu Dhabi based investment company, delivered a keynote speech at the inaugural Arab region assembly in Abu Dhabi focused on the clean technology sector.
The assembly is designed to explore the growing area of clean technology and examine ways in which the Arab region can become the [...]

d1g.com Closes its first round of financing

d1g.com Closes its first round of financing

Amman, 2/8/2009: d1g.com completed its first round of financial investments allocating the revenues it generated to fund the site, its expansion and its infrastructure on the Internet. The first round has attracted a number of regional businessmen and international experts in the internet industry to join the site’s management.
Commenting on this round, Abdul-Majid Qasem, d1g.com [...]

Zawya brings more transparency to the Middle East funds industry

Zawya brings more transparency to the Middle East funds industry

Dubai, UAE; July 1st 2009: Although Middle East funds have enjoyed rapid growth in returns over the last five years, they are still lagging in terms of transparency and disclosure to be on par with international standards. In order to tackle this issue, Zawya had launched a new ranking methodology to assess the performance of [...]

Strategic agreement to provide financing solutions for broad IT adoption in Saudi Arabia

Strategic agreement to provide financing solutions for broad IT adoption in Saudi Arabia

Kingdom of Saudi Arabia, May 31, 2009: Visa Inc, the world’s largest retail electronic payments network, Al Rajhi Bank and Microsoft have entered into a strategic agreement to provide financial solutions for small and medium enterprises (SMEs) that are adopting advanced technology into their business operations.
Under the agreement, Al Rajhi will introduce a Visa-Microsoft “Aamal” [...]

AED 20 billion investment in The Dubai Mall drives retail growth and creates 10,000 new jobs in Dubai

AED 20 billion investment in The Dubai Mall drives retail growth and creates 10,000 new jobs in Dubai

Dubai, UAE; May 17, 2009: Emaar Malls Group and its retailer partners have together invested AED 20 billion to develop the world’s largest shopping mall and create 10,000 new jobs.
The Dubai Mall is the world’s largest shopping and entertainment destination covering 12 million square feet, equivalent to 200 football fields. And soaring visitor numbers are [...]

Majid Al Futtaim Group Offers Financial Expertise with Launch of Asset Management Business

Majid Al Futtaim Group Offers Financial Expertise with Launch of Asset Management Business

UAE, Dubai, 6th May 2009: The Majid Al Futtaim Group, one of the Middle East’s most respected family owned businesses, is offering the services of its financial management experts to institutional and professional investors with the launch of Majid Al Futtaim Asset Management.
The new entity enables external investors to benefit from the collective experience of a [...]