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Aramco seals term gas oil supply contracts |
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 Saudi Aramco has concluded supply deals to purchase up to 7.14 million barrels of gas oil for delivery in 2010 from private trading firms and international oil companies, industry sources said on Monday.
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Prysmian Cables to boost ME presence |
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 Prysmian Cables & Systems, a leading player in the energy and telecom cables market based in Milan, Italy, plans to boost its presence in the Middle East region. Prysmian has presently offices in UAE, Qatar, Bahrain and Kuwait.
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French firm launches non-flammable paper |
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 France-based Procedes Chenel International has launched its two non-flammable products, both of which can be safely integrated into public areas such as stores, showrooms, offices, booths and museums.
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Jordan Telecom 2009 net profit up 3.7pc |
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 Net profit at Jordan Telecom Group, the country's sole fixed-line telecoms operator, rose 3.7 per cent in 2009 to JD104 million ($146 million) as it captured market share in mobile and data services, the company reported on Monday.
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Tamweel swings to Q4 net profit on cost cuts |
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 Dubai Islamic mortgage lender Tamweel swung to a net profit of Dh11 million ($3 million) in the fourth-quarter, helped by a reduction in funding costs. Tamweel made a loss of Dh112.3 million ($30.57 million) in the fourth quarter of 2008.
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Gulf joint monetary council to meet in March |
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 Gulf central bank governors will hold the first meeting of their joint monetary council on March 30, the next step towards monetary union, the head of the Gulf Cooperation Council was quoted as saying on Tuesday.
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Deyaar postpones $136m distressed fund |
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 Dubai developer Deyaar has postponed a 500 million dirham ($136.1 million) distressed property fund after international investors withdrew 200 million dirhams previously committed, a local daily reported.
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Porsche launches 911 Turbo S |
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 German automaker Porsche has launched its latest model in the 911 Turbo series, the 911 Turbo S with a six-cylinder boxer boosted by two exhaust gas turbochargers, with an increase in power over the 911 Turbo by 30 to 530 bhp (390 kW).
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Jafza launches online licence renewal |
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 The Jebel Ali Free Zone (Jafza) has announced the introduction of online licence renewal, a service that enables customers to complete transactions online without visiting Jafza offices.
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Tamkeen, Bird sign talent management deal |
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 Tamkeen has signed a BD560,000 ($1.48 million) agreement with the Bahrain International Retail Development Centre (BIRD) to deliver a series of training modules on leadership and HR management over a two-year period.
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Firm to spend $782m on sugar production |
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 Illovo Sugar plans to spend about 6 billion rand ($782.2 million) over the next five years to boost sugar production in Africa to 2.5-2.7 million tonnes from 1.7 million, the Business Day reported on Monday.
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Developers of Amwaj Gateway, a major Bahrain project, have denied claims construction has been halted and investors are left in the lurch.
The frequency of business travel is showing early signs of growth in the next 12 months, says a recent survey.
Roche AG's Genentech unit has licensed an experimental new technology that uses antibodies to fight influenza, including H1N1 swine flu, Harvard's Dana Farber Cancer Institute said.
Bahrain Maritime & Mercantile International (BMMI Group) has reported record revenues of BD87.2 million ($231.3 million) for 2009 compared to BD80.4 million the previous year.
The KD30 billion ($100 billion) development plan passed by Kuwait's parliament last week can boost the country’s non-oil private sector economy and support the construction sector, according to a report.
Famous Arab actors, media presenters and personalities will attend the 11th Gulf Festival for Radio and Television Production, which opens at Gulf Hotel today.
Iran plans to build 10 new uranium enrichment facilities during the next Iranian year, its atomic energy chief was quoted as saying, in comments likely to further raise tension with the West.
An increasing demand for water threatens the long-term future of the country, an expert told a conference in Bahrain.
Consultancy Kingsman SA forecast on Monday a 2010/11 (April-March) global sugar surplus of 3.99 million tonnes, against a deficit for 2009/10 of 11.92 million tonnes.
Twenty million people have visited Bahrain e-government portal since the national e-government strategy was launched.
