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Emirates Airlines halts flights on Johannesburg-Dubai route
DS Ranking: # 23
Company: The Emirates Group
Country: United Arab Emirates
Industry: Airlines
The Emirates Airline has decided to temporarily halt one of its daily flights on the Johannesburg-Dubai route. The main reasons cited for were fleet availability and market factors. The airline has decided to halt the flight February 2009 onwards. |
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External Links:
Travel iAfrica
Maxis and ZTE tie $400 million GSM coverage contract
DS Ranking: # 86
Company: Maxis Communications Berhad
Country: Malaysia
Industry: Telecommunications
Malaysian telecommunications provider Maxis and ZTE tied a $400 million contract where ZTE will facilitate Aircel, Maxi's Indian subsidiary in establishing advanced GSM coverage system in India. The target for ZTE remains to spike the Indian sales from $100 million to $1 billion in the next 3 years.
External Links:
TMC Net
The Standard
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Etisalat offers marketing strategy to promote devices across countries
DS Ranking: # 47
Company: Emirates Telecommunications (Etisalat)
Country: United Arab Emirates
Industry: Telecommunications
Etisalat recently announced its methodology of marketing its mobile devices to countries in Africa, Asia and Middle East. The idea is to collaborate with local vendors in those countries and have purchase contracts, thus providing customers with subsidized prices and promotional benefits. Etisalat will also bring-on its own range of devices and handsets and will market them under its brand name.
External Links:
Zawya
Bi-ME
Maybank forecasts 30% increase in Internet transactions
DS Ranking: # 44
Company: Maybank Group
Country: Malaysia
Industry: Commercial Banking
Maybank is set to post a 25-30% transaction growth for its online portal Maybank2u.com for the year ending June 30th 2009. Maybank2u.com currently serves 3.2 million users and was recently upgraded to incorporate state-of-the-art technology and better procedures. Maybank2u.com has an average monthly volume of 30 million transactions/month. |
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External Links:
Bernama
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National Commercial Bank acquires leading asset management firm
DS Ranking: # 64
Company: National Commercial Bank
Country: Saudi Arabia
Industry: Commercial Banking
National Commercial Bank's investment banking extension, NCB Capital recently acquired The Capital Partnership, (TCP), a premier asset management firm currently serving corporate and high net worth clients. NCB Capital, launched in 2007 will witness spiked growth and a larger client base through this acquisition. |
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External Links:
AlBawaba
HedgeWeek
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Al Rajhi Bank posts net profit of 5,100 Mln SR
DS Ranking: # 75
Company: Al Rajhi Banking & Investment Corporation
Country: Saudi Arabia
Industry: Commercial Banking
Al Rajhi Bank announced a net profit of 5,100 million Saudi Riyals for the year 2008. The figures were cited as impressive compared to SR 4,874 million for the same period last year. The main reasons were significant growth in the investment incomes and a 30% growth in banking services income.
Overall, shareholders right, total assets and total transactions' income posted impressive growth on year/year analysis. |
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External Links:
MENAFn
Genting Berhad diversifies into renewable energy sector
DS Ranking: # 90
Company: Genting Berhad
Country: Malaysia
Industry: Diversified – Hospitality, Plantations, Property, Others
Genting Bhd has purchased 1 million shares of Synthetic Genomics, Inc (SGI), a US Based firm, active in research & development of solutions for manufacturing sustainable energy resources. The 1 million shares are worth $ 8 million. |
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External Links:
The Star
Your Renewable News
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UMW Holding launches book 'Turning Points: The UMW Story'
DS Ranking: # 70
Company: UMW Holdings Bhd
Country: Malaysia
Industry: Diversified – Auto, Oil & Gas, Manufacturing
UMW Holdings Bhd recently launched a book "Turning Points: The UMW Story" to help companies in the current financial crisis. The book carries with it, 91 years of experience of UMW Holdings and also states on how a company can focus on its core functions to reduce risks and losses. The book also marks a significant mention to how UMW holdings grew, from its inception to being a conglomerate today. |
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External Links:
The Star
| Auto & Truck Manufacturing |
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Iran Khodro to launch women-specific vehicle
DS Ranking: # 24
Company: Iran Khodro PLC
Country: Iran
Industry: Auto & Truck Manufacturing
Iran Khodro recently announced plans of launching a car, specially designed to attend the needs of female drivers in the country. The new vehicle would contain electronic parking sensors, a jack for ease of tyre-repair, an alarm system for flat tyres, a navigation system and audiovisual entertainment systems for possible children in the vehicle. The car would be available in light feminine colors. |
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External Links:
Times of India
Iran Mania
DP World conferred with accolades at Seatrade Awards
DS Ranking: # 89
Company: DP World
Country: United Arab Emirates
Industry: Marine Cargo Handling
Annual Seatrade awards this year witnessed DP World being recognized for its outstanding services. DP World – UAE region was awarded the "Container Terminal Operating Award" whereas DP World CEO Mohammed Sharaf was named the "Personality of the Year" for his futuristic vision and excellence in service.
External Links:
Sea Trade Asia Online
AME Info
Pakistan State Oil hires new Managing Director
DS Ranking: # 31
Company: Pakistan State Oil
Country: Pakistan
Industry: Oil & Gas Operations
Pakistan State Oil recently appointed Kalim A.Siddiqui as Managing Director, taking over reins from Mr. Abdul Aleem. Mr.Siddiqui brings with him, vast experience of working with various international branches of Caltex. Prior to being promoted, he was Executive Director, Customer Services at PSO.
External Links:
Khaleej Times
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Petronas wins oil contract in Mozambique, Africa
DS Ranking: # 4
Company: Petroliam Nasional Bhd
Country: Malaysia
Industry: Oil & Gas - Integrated
Petronas was awarded an exploration and production contract in Mozambique along with Empresa Nacional de Hidrocarbonetas de Mocambique (ENH), the national oil company of Mozambique. During the first three years, $5.6 million would be applied for the geological and geophysical analysis.
External Links:
Daily Express
Emaar Properties reports a 3.8% plunge in Q3 profits
DS Ranking: # 59
Company: Emaar Properties
Country: United Arab Emirates
Industry: Construction Services
Developer Emaar Properties recorded a 3.8% decline in third quarter profits, posting a net figure of $408.4 million. The main reasons cited for this plunge were a major write-down that the company took, for its US based unit, John Laing Homes worth 750 million dirhams.
External Links:
Reuters
Bloomberg
Agility recognized at Lloyd's List Asia Awards
DS Ranking: # 62
Company: Agility
Country: Kuwait
Industry: General Freight Trucking
Agility was conferred with 'The Logistics award' at the Lloyd's List Asia Awards. The logistics service provider was conferred with this award due to its versatility of services, its supply chain management and its environmental focus. |
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External Links:
AME Info
Jumbo Electronics lauded for mega Gitex promotion
DS Ranking: # 92
Company: Jumbo Electronics Company Limited
Country: United Arab Emirates
Industry: Appliances & Tools
Jumbo Electronics has launched a huge promotion at Gitex, Dubai this year to mark 18 years of its alliance with the event. During this mega promotion at Gitex shopper in Dubai, Jumbo Electronics is inviting shoppers to win 2 free laptops every hour via a raffle coupon draw.
External Links:
MBTMag
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