Monday , 23 October 2017
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The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with Export-Import Bank of India to increase bilateral co-operation and explore the feasibility of extending a commercial line of credit

A Memorandum of Understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) , the private sector arm of Islamic Development Bank (IDB) Group and Export-Import Bank of India (EXIM Bank), a specialized financial institution, established under an Act of the Indian Parliament, wholly owned by the Government of India with a mandate to …

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Hyundai Africa and Middle East Hosts PR Summit in Dubai

Hyundai Vice President: “PR Success is Crucial to Sales Success”. In a bid to further solidify its market-leading brand position, Hyundai Africa and Middle East this week hosted a PR summit in Dubai for its Africa and Middle East distributors. The aim of the summit was to ensure that all distributors, the Hyundai regional headquarters office, and the newly-appointed regional …

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IDB approves more than US $1 billion for education, agriculture and infrastructure projects

Jeddah, Kingdom of Saudi Arabia – The Board of Executive Directors of the Islamic Development Bank ( IDB ) announced that it will contribute US $1,1 billion towards new development projects in IDB member countries and Muslim communities in non-member countries. During its 311th session which wrapped up work today in Jeddah, the Board also reviewed IDB ‘s programs, policies …

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Qatar Development Bank showcases local construction expertise at “Big Five Saudi” Exhibition

Qatar Development Bank (QDB) concluded its successful participation at the “Big Five Saudi” Exhibition held in Jeddah, Kingdom of Saudi Arabia (KSA), from March 7 to March 10, 2016. This year’s exhibition attracted 11,453 visitors from 547 countries that were able to review 27 Qatari private sector companies at the three day event at the Qatari Pavilion hosted by QDB …

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Mobily’s CEO: We Will Not Sell the Towers unless the deal is good and profitable for the shareholders

Mr. Ahmad Farroukh, Chief Executive Officer of Etihad Etisalat (Mobily), declared through an interview with Bloomberg (a well-recognized newswire) that Mobily will not proceed with the towers sale unless the deal is good for our shareholders. Mr. Farroukh clarified that this case inflicted some complexity, and the company does not consider a deal for the sake of a deal; such …

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Ras al Khaimah increases focus on chinese tourists

Ras Al Khaimah Tourism Development Authority hosts workshop to raises awareness of the Chinese market. On 20th March, Ras Al Khaimah Tourism Development Authority hosted a workshop for travel industry experts, to offer a better understanding of Chinese tourists’ needs and expectations in response to a growing number of visitors to the emirate. The half-day event at Banyan Tree Al …

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AmCham MENA Council Awards for Women in Business

The international business community has become increasingly aware that a nation’s optimum level of development can only be achieved as women become empowered both economically and socially. The Middle East and North Africa Region (MENA), is quickly following suit and women empowerment is taking center stage. Middle Eastern women have redefined their roles in society and in the business community …

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Air Arabia takes off to Sarajevo

Delegation headed by the carrier’s Chairman joined the inaugural flight. Three direct flights a week to Sarajevo to be increased to six weekly staring 1st of July. A senior Air Arabia delegation recently joined the carrier’s inaugural flight from Sharjah to Sarajevo as part of three-day programme to commemorate the start of flights to Bosnia and Herzegovina. The delegation was …

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Al-Khair Foundation seeks UAE partnerships to jointly fund and deliver US$20-30m projects in the Middle East

Leading UK-based Muslim charity calls for collaborations with UAE NGOs at Dubai International Humanitarian, Aid and Development Exhibition. Al-Khair Foundation (AKF), one of the largest Muslim charities in the United Kingdom, announced today at the Dubai International Humanitarian Aid and Development Conference and Exhibition that it is seeking partnerships with UAE-based non-profit organisations to deliver life-changing projects to those in …

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Bahrain Asset Managers Association to host roundtable on promoting Kingdom as international hub for SPVs

Key industry and economic players including CBB and EDB to take part Manama – The Bahrain Asset Managers Association (BAMA) today announced that it will host a high level panel discussion on the 29th March 2016 on “Special Purpose Vehicles (SPV) and Corporate Entities Component in Investment Banking & Asset Management”. The event is being held in cooperation with the …

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