Dubai– Middle East based firms have traditionally been some of the key investors into Africa and despite a plethora of taxes, and the global downturn, the continent continues to offer companies strong growth potential, according to PricewaterhouseCoopers (PwC), the leading international professional services organisati ...

Manama- The Central Bank of Bahrain (CBB) announces that this quarter’s BD50 million issues of Government Treasury Bills has been oversubscribed by 241%

Manama–The Central Bank of Bahrain (CBB) announces that this week’s BD25 million issues of Government Treasury Bills has been oversubscribed by 308%.

Dubai- Dubai Aluminium Company Limited (“DUBAL”) — the entirely state-owned enterprise that owns and operates one of the world’s largest single-site aluminium smelters — will take part in the 8th World Trade Fair and Conference (“ALUMINIUM 2010”), which takes place in Messe Essen, Germany, from 14 to 16 September this ...

MANAMA –Anticipating a turnaround in the Kingdom’s real estate market, prominent Bahrain-based real estate developer and investor Ahad Holdings closed a multi-million dollar acquisition of 17 Porta Reef apartments, the largest single bulk buy on the landmark Reef Island development.

DUBAI - Hilton Worldwide today announced that Rudi Jagersbacher will become Area President, Operations, Middle East and Africa, for the hospitality company, effective January 1, 2011. Jagersbacher will replace Jean-Paul Herzog, who will retire from Hilton Worldwide at the end of the year after 40 years of service.

Muscat– Nawras, the Sultanate of Oman’s fast growing, customer-friendly communications provider, today announced its plans to proceed with a listing of its shares on the Muscat Securities Market (MSM) using the bookbuilding* process.

Dubai— As the telecom markets in the GCC are on the verge of saturation, while prices decline due to increasing competition, GCC telecom operators are now seeing their profits under very high pressure. This is demonstrated by the results for the first half of 2010 where several GCC incumbent telecom operators stated p ...

MANAMA–The Solidarity Group Holding Board of Directors announced yesterday (ed note: 300810) the appointment of Ashraf Bseisu, a long-standing Solidarity executive and a prominent member of the region’s insurance industry, as Group Chief Executive Officer with immediate effect.

Manama– The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been over subscribed.