Zain Saudi Arabia awards Motorola $335m contract
(MENAFN Press) Motorola, Inc. announced that it has signed a $335 million turnkey contract to deploy and manage a 2G/3G mobile communications network for Zain in Saudi Arabia, the recent addition to the Zain group, a long standing Motorola customer…

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     Telecom & Communication         Finance & Banking
Atheeb/Batelco consortium wins approval to roll out services to KSA, MENAFN Press
TRA: Third mobile licence by year-end – Bahrain, Bahrain Tribune
Batelco acquires exclusive rights to Al Dhameer Al Arabi content, MENAFN Press
Mobily gets two awards, Arab News
Saudi Arabia and IBM team up on new project, Khaleej Times
Microsoft set to launch Windows Server 2008 in ME, Khaleej Times
ME financial institutions to invest $2b on IT solution, MENAFN Press
Western Digital joins The Green Grid, MENAFN Press
Illicit businesses hit $50b in Arab world, Bahrain Tribune
UAE rejects calls to drop dollar peg, Khaleej Times
Saudi Arabia’s sovereign ratings raised, MENAFN Press
UAE has $700b investments in Europe, KUNA
U.S. economy isn’t falling into stagflation, Fed’s Bernanke says,
Fed sets informal inflation target of 1.5% to 2%,
GCC to invest $78b this year, Bahrain Tribune
Gulf project market to cross $1.5t, Bahrain Tribune
Real Estate
Makkah witnesses construction boom, Khaleej Times
Nakheel to develop Worlds of Discovery on Palm Jebel Ali, Khaleej Times
UK properties lure Mideast investors, Khaleej Times
FLB: Gulf leasing market untapped, Bahrain Tribune
Qatari Diar launches resort project in Syria, The Peninsula
Amlak Finance and Landmark Properties form strategic alliance, MENAFN Press
BL Properties launch Royal Lake View- UAE, MENAFN Press
One Stop Real Estate Shop is a first in Dubai, MENAFN Press
Hydra Properties launches Hydra Heights Towers, MENAFN Press
Great Properties sells 1st phase of Blossoms Towers in Ajman, MENAFN Press
   Travel & Hospitality
Abu Dhabi : Work on NCT&H’s Dh1b hotel begins, Khaleej Times
Etihad Airways contributed 2.7% to Abu Dhabi’s GDP, Khaleej Times
Bahrain International Travel Expo to attract record visitors, Bahrain Tribune
   Events & Conferences
Bahrain to host 3rd ME FOREX Trading Expo, MENAFN Press
Qatar hosts 2nd Annual ME Petrochemicals Forum 2008, MENAFN Press
Dubai to host Ernst & Young ME Tax Conference 2008, MENAFN Press
Over 30 airlines to attend UATP 2008 conference, MENAFN Press
First Gulf Investment Forum to discuss GCC financial trends, MENAFN Press
Q4 2007 U.S. banking profits lowest in 16 years,
UBS shareholders approve $12 billion capital injection,
AIG reports $5.29 billion net loss on derivatives charge,
HSBC gets $3.2 billion offer for French regional banks,
DIFX appoints new board of directors, Khaleej Times
Al Salam Bank to list on DFM, Khaleej Times
BankMuscat boosts equity to BD133.5m, Bahrain Tribune
Ithmaar to invest $4b, Bahrain Tribune
Jordan: Profits of 15 banks balloon to JD858m, Jordan Times
Global looks forward for a strategic partnership with BBK stakeholders, MENAFN Press
SABB to set up call center for Arabic-speaking customers, Arab News
     Islamic Finance News
GCC Islamic bonds’ market worth $100b, MENAFN Press
AL Rajhi Bank to raise capital by SR2b, Khaleej Times
UAE’s proposal for global Islamic financial policies forum approved, WAM
DIB named UAE’s best Islamic bank, Khaleej Times
Albaraka Banking Group on the path of growth, Bahrain Tribune
QIB chosen official bank for Q-REX, Khaleej Times
Regional IPOs appreciate by 201%, MENAFN Press
Qatar Petroleum names banks for IPO of GIS, The Peninsula
KSA: Maaden plans $2.4b IPO this year, MENAFN
Al Qudra Holding IPO postponed, MENAFN Press
   Oil and Energy
Abu Dhabi to build new refinery with 417,000 b/d capacity, MENAFN Press
Kuwait-China $5b refinery under serious evaluation, KUNA
Aabar subsidiary farms out 20% interest in Thai exploration concessions, MENAFN Press
Exxon Mobil may trim production, analysts say,
Emarat, Dana join hands, Bahrain Tribune
Gulf hit by shortage of oil rigs, The Peninsula
Dana Gas Project in Iraqi Kurdistan over 70% Complete, MENAFN Press
     Advisory & Analysis
Arab world lags behind in spending on insurance, Arab News
The GCC Common Market to boost property boom, MENAFN Press
GCC unlikely to follow EU model for single currency, Khaleej Times
Banks to unveil billions more in write-downs, Citi analysts say,
ME-US free trade deadline achievable, Arab News
Big hit to economy from credit crunch, study says,

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