South Sudan joins membership of African Trade Insurance
May 17, 2012
South Sudan, has joined the membership of the African Trade Insurance (ATI) agency which insures investment and political risks in the continent. Established in 2001 the billion-dollar multilateral financial institution provides export credit insurance, political risk insurance, investment insurance and other financial products to help reduce the business risks and costs of doing business in Africa.
ATI has membership of more than ten African countries including Kenya, which chairs it as well as international and regional financial institutions such as the World Bank, the African Development...
Al Khaliji-sponsored Toastmasters conference resounding success
May 17, 2012
In the tradition of supporting initiatives that align with the bank's corporate responsibility program, the Al Khalij Commercial Bank (Al Khaliji) QSC supported Toastmasters Annual Conference Qatar 2012 was highly successful, with serious and light-hearted competition between the participants for a chance to compete in the regional Toastmasters conference to be held later this year in Bahrain. Al Khaliji provided support to the event as Platinum Sponsors. "The Toastmasters Annual Conference Qatar 2012 was an ideal platform for us to spread the message of our on-going and active community engagement...
Sohar Free Zone inks agreement to set up smelter
May 17, 2012
Sohar Free Zone on Wednesday signed an agreement with Gulf Mining Materials Company for setting up a ferrochrome smelter in the zone. As per the agreement, the ferrochrome smelter, which will have two furnaces each with a capacity of 16,500 KVA, will have a capacity of 50,000 metric tonnes per annum. The construction of the project will take 12-14 months for completion. The project will make the Sultanate the first country in the Gulf region to produce ferrochrome, which is used for manufacturing stainless steel. The agreement was signed by Sheikh Saad Bin Mohammed...
Saatchi and Saatchi X appointed to advertise sustainable shopping in the UAE
May 17, 2012
The Change Initiative is an idea that will help shoppers and consumers make responsible purchase decisions by bringing together sustainable solutions and services. On the board for The Change Initiative is environmental activist Robert F Kennedy Jr, who is the son of the late presidential candidate Robert F Kennedy and nephew of former president John F Kennedy.
The initiative has already formed significant partnerships with leading brands and multinational firms offering an array of solutions in five main categories constituting the company's 'Whole of Life' business model: Energy, Water,...
Qatar’s world-class industry extends ‘reach of green fuel’
May 17, 2012
Qatar and its partners have “extended the reach” of clean gas supplies by literally “opening up” markets all over the world, said ExxonMobil Qatar president and general manager Bart Cahir.
“With a clear vision before them and with the support of the country’s leadership, QP and its partners have created a world-class industry in Qatar,” Cahir said at the closing session of the International Production and Operations conference and Exhibition (POCE) of the Society of Petroleum Engineers here yesterday.
ExxonMobil, Cahir said, has had the...
Coca-Cola Launches Anywhere in the World the Coca-Cola Anthem for the London 2012 Olympic Games
May 17, 2012
“Sport is music in the way that it has so many different natural rhythms…when I was recording the athletes I wasn’t really thinking of them in terms of athletes performing a sport, I was thinking of them as people in an orchestra.”Mark Ronson
Fusing the sounds of sport and music. Anywhere in the World, the anthem for the Coca-Cola London 2012 Olympic campaign, launched globally today. Available for purchase online,"......
Wells Fargo’s International Group Names Shoar Hassan Regional Manager for Middle East and North Africa
May 17, 2012
The Wells Fargo International Group, part of Wells Fargo & Company (NYSE:WFC), announced that Shoar Hassan has joined its Global Financial Institutions (GFI) group as regional manager for Middle East and North Africa. Based in Dubai, Hassan reports to Dilek Mutus, head of Wells Fargo’s GFI business for Turkey, Russia, Middle-East and Sub-Continent India.
Serving"...
A.M. Best Opens Office in the Dubai International Financial Centre
May 17, 2012
A.M. Best Co. is pleased to announce the opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The new office, located in Tower 2, Currency House, DIFC, will operate as A.M. Best MENA, South & Central Asia, servicing clients throughout the region and developing new relationships to continue to grow its insurance ratings franchise. Rating analytics will continue to be performed by teams based in London and Hong Kong. A.M. Best obtained the necessary approvals to establish within the"...
Half of South Sudan facing food shortages, warns UN
May 16, 2012
More than half the population of South Sudan are facing food shortages due to the continuing conflict with Sudan, the UN is warning.
It says fighting on the border between the two countries and the shutdown of oil production have had a devastating impact on the South's economy.
It adds there are fears the situation in the South, which gained independence from Sudan last July, is worsening.
Previous estimates suggest 4.7 million people are at risk of food shortages.
In this latest report, the UN Office for the Coordination of Humanitarian Affairs (Ocha) says a complex...
Blue Nile Prepared for New Agricultural Season: Minister
May 16, 2012
Ad-Damazin ñ Blue Nile Minister of Agriculture, Animal and Fishery Wealth, Dr. Mohamed Al-Mubarak, said the Ministry finalized preparations for the new agricultural season. He said the Ministryís plan for the prospective agricultural season is derived from the strategic plan to boost agricultural industry and the Ministry has set up an operation room to follow up and consider reports coming from agricultural projects.
He said the Blue Nile State has large arable lands and the Ministry has planned to cultivate 2,200,000 Fedans with various crops especially sorghum, millet,...
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