10 September 2008 06:00 [Source: ICIS news]
TRA to evaluate bids on Oct. 22
The Telecom Regulatory Authority (TRA) will evaluate on Oct. 22 the bids submitted by international telecom operators and consortiums for fixed line telephony, and the name of the winning company would be announced later in the month.
N-deal likely to be signed by Sept end: US
With the Nuclear Suppliers Group (NSG) granting waiver to
Opec keeps output stable, prices slump
Oil producer group Opec, which pumps 40% of world crude, is to keep its production unchanged at a meeting on Tuesday, the group’s president said, despite sinking prices and slowing economic growth.
Renaissance Services SAOG has awarded a RO30m ($78m) civil construction contract to Douglas OHI as part of a RO33m ($85.8m) investment programme in new facilities for contractors in
Bush to cut Iraq troops, boost forces for Afghanistan
President George W. Bush announced on Tuesday modest cuts in
Asif Ali Zardari sworn in as
The widower of assassinated former Pakistani leader Benazir Bhutto took office as the country's new president on Tuesday, facing immediate pressure to crack down on Islamic militants and address daunting economic problems.
GDP Growth may Slow to 7.2pc: Merrill Lynch
The UAE economy is likely to see a slowdown in the second half of 2008 as a result of a rapid expansion in credit growth, rising inflation and increased funding costs according to a report by Merrill Lynch on Tuesday
Sabre Holdings and Emirates Sign Long-Term Agreement
The Sabre Holdings has signed a 10-year agreement with Emquest, the travel distribution division of Dubai-based Emirates, said a Press Release on Tuesday.
Amiri decree calls special labour session: Panel seeks sponsorship review
The Kuwaiti Parliament’s human rights committee called on Monday for a review of the sponsorship system to help stop employers from abusing hundreds of thousands of foreign labourers.
GCC member states shore up framework for forex union
Gulf Arab oil producers are set to decide next week on the location of a regional central bank and could choose to speed up the ratification process for their monetary union deal, a senior Gulf official said.
Fitch upgrades long-term ratings of top Kuwaiti banks
The Long-term IDR of National Bank of Kuwait is upgraded to ‘AA-’ (AA minus) from ‘A+’ and Short-term IDR to ‘F1+’ from ‘F1’ to reflect the bank’s leading domestic franchise.
‘Civil Defense ready to meet any emergency’
The Civil Defense in Makkah says it is prepared to respond quickly to any mishap that takes place during Ramadan.
World organizations to help in disability research
Prince Sultan bin Salman, chairman of the board of trustees, signed 10 separate agreements for the
Saudis invited to
Saudi business leaders and potential investors in the region are being invited by the Ministry of Economic Affairs (MOEA) of
US seeking permanent presence in
Majlis Speaker Ali Larijani said on Tuesday the proposed security pact between
The decrease observed in the number of film watchers across the country indicates that
UK government unveiled a new strategy for manufacturing yesterday that aims to boost skills, exploit the opportunities of a low-carbon economy and bolster the sector’s image as an exciting place to work.
Spanish growth will return after structural change, Solbes says
The Spanish economy, which may deteriorate in the coming quarters, will ultimately benefit from two decades of structural transformation, Pedro Solbes, the nation’s finance minister, said.
US redeploys troops to
George Bush, the
Opec agrees to cut oil output
Opec oil ministers have agreed to curb their collective output by more than 500,000 barrels a day.
Asian markets recovery falters
Asian stock markets have fallen a day after global shares rallied following the
Sleiman schedules start of dialogue for September 16
Beirut earns no thanks for raising minimum wage to LL500,000
The Cabinet endorsed a plan on Tuesday to increase the minimum wage in
No Egyptian gas for
Energy and Water Minister Alan Tabourian said on Monday that promised Egyptian natural gas supplies to
Bank Audi paints mixed picture of
Bank Audi released on Monday its annual economic report on
GFH sells Banyan Tree desert resort
Gulf Finance House (GFH) has agreed to sell the Banyan Tree Desert Resort and Spa to a Singaporean investor for an undisclosed sum.
Amwaj boats ban sparks protest
A flotilla will take to the sea on Saturday, protesting against a ban on motorised boats within the
Stock markets in
Albaraka unit operating income grows to $36m
Banque Albaraka D'Algerie, a subsidiary of Bahrain-based Albaraka Banking Group, saw gross operating income increase by 47% to $36.34m in the first half of the year. After deducting operating expenses which dropped by 17pc, the net operating income achieved a 92pc improvement from $14.60m to $27.97m.
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