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  <title>AMEinfo.com Latest News</title>
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  <description>Latest business and financial stories posted on AMEinfo.com</description>
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  <copyright>(c) 1996-2012 AME Info FZ LLC / Emap Limited. All rights reserved.</copyright>
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    <title><![CDATA[SEIB Insurance and Reinsurance LLC to participate in Qatar Projects 2012]]></title>
    <link>http://www.ameinfo.com/288978.html</link>
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    <pubDate>Thu, 02 Feb 2012 16:41:02 +0400</pubDate>
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        SEIB Insurance and Reinsurance LLC (SEIB) announced its participation in the MEED-hosted conference and exhibition, Qatar Projects 2012.  The event will gather hundreds of industrialists and experts as they tackle the challenges dealing with Qatar's booming economy and the resulting mega-sized development projects.
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    <title><![CDATA[Qatar General Insurance and Reinsurance dips, releases 2011 results]]></title>
    <link>http://www.ameinfo.com/288979.html</link>
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    <pubDate>Thu, 02 Feb 2012 16:31:55 +0400</pubDate>
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      <![CDATA[
        The Qatar Exchange (QE) Index advanced 0.80% to reach 8,636.37 points, as shares gained across the board. Qatar Islamic Bank or QIB gained one per cent. From a chart technical point of view, QIB is attempting to break the QR85 resistance level again, a level which stood firm during the month of December and a the beginning of January. Shares of Qatar General Insurance and Re-insurance declined 0.84%. Earlier in the day General Insurance announced a 2011 net profit a net profit of QR170.1m in 2011 versus QR119.5m in 2010. Earnings per Share (EPS) amounted to QR3.80 in 2011 compared to QR2.67 in 2010. "The board recommended distribution of Cash Dividends of %13 From the share par value, QR1.3 for each share," the insurer said in a e-mailed statement.
      ]]>
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    <title><![CDATA[Lord Browne of Madingley opens the new Abu Dhabi office of ERM]]></title>
    <link>http://www.ameinfo.com/288969.html</link>
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    <pubDate>Thu, 02 Feb 2012 16:16:54 +0400</pubDate>
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      <![CDATA[
        Lord Browne of Madingley, UKTI Business Ambassador, officially opened the new office of Environmental Resources Management (ERM), based at Mina Zayed Port, on Monday 30 January 2012.  
      ]]>
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    <title><![CDATA[Qatar Building Company streamlines its business with Microsoft Dynamics AX]]></title>
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    <pubDate>Thu, 02 Feb 2012 16:12:46 +0400</pubDate>
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      <![CDATA[
        Microsoft Qatar today announced that Qatar Building Company (QBC) has experienced significant improvements in organizational efficiency and gained increased visibility into key business processes with the implementation of Microsoft Dynamics AX. Microsoft Dynamics AX is the comprehensive enterprise resource planning (ERP) solution for midsize and larger organizations. 
      ]]>
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    <title><![CDATA[General Holding Corporation out to recruit 198 UAE Nationals for industrial companies at Tawdheef]]></title>
    <link>http://www.ameinfo.com/288966.html</link>
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    <pubDate>Thu, 02 Feb 2012 16:08:55 +0400</pubDate>
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      <![CDATA[
        The Abu Dhabi government-owned General Holding Corporation (GHC), is looking to recruit 198 UAE Nationals at the country's leading recruitment show this week. 
      ]]>
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    <title><![CDATA[Etisalat shares add slightly, as firms comments on potential Africa tower sale, India judgment]]></title>
    <link>http://www.ameinfo.com/288973.html</link>
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    <pubDate>Thu, 02 Feb 2012 16:00:51 +0400</pubDate>
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      <![CDATA[
        The Abu Dhabi market measure ADX General Index (ADXGI) advanced 0.43% to reach 2,476.62, Real estate firms Aldar and Sorouh both closed flat. Abu Dhabi National Energy Co., known as Taqa surged 2.50%. Market bellwether Emirates Telecommunications or Etisalat (Arabic for connections) added 0.10%. Earlier in the day Etisalat commented on two issues. Firstly, Etisalat clearified on news published about a sale of mobile phone towers in Africa. Etisalat said that assessment of potential infrastructure sharing or sale was at a preliminary stage and that no decision had been takes as yet. The National reported yesterday Etisalat hopes to reap $500m to $600m from the sale of 4,000 to 5,000 towers in Africa. Secondly, Etisalat said in regards to an Indian court's verdict to cancel all 122 of the 2008 spectrum licensees granted to eight operators including Swan Telecom (Etisalat DB Telecom India), there was no immediate cash flow impact but an assessment of a negative impact of Etislat DB's business plan will be made through an impairment test. 
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    <title><![CDATA[NASDAQ Dubai: DP World shares knock at $11.00]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:54:02 +0400</pubDate>
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      <![CDATA[
        The FTSE NASDAQ Dubai UAE 20 Index closed flat at 1493.050 today. Market bellwether DP World rose 1.29% to close at $10.99 as 3.5m DPW stocks were traded. Interior designer Depa Limited ended even at $0.36.
      ]]>
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    <title><![CDATA[Informatica Qatar's 3-month stock of new Huawei mobiles sold three weeks after launch]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:51:48 +0400</pubDate>
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      <![CDATA[
        Informatica Qatar (iQ), exclusive distributor &amp; service provider for Huawei devices, has reported that stocks of the new X5 and IDEOS mobile phones it is marketing locally for Huawei - supposedly to last for three months - have run out barely 3 weeks after their launch. 
      ]]>
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    <title><![CDATA[Pearl Initiative secures KPMG as partner]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:46:17 +0400</pubDate>
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      <![CDATA[
        KPMG in the MESA region,  the Middle East and South Asia regional office of KPMG is a leading advocate of Integrated Reporting and all areas of corporate governance, and so is a natural Founding Partner of the Pearl Initiative - the not-for-profit private-sector led initiative, developed in cooperation with the United Nations Office for Partnerships, that is building regional network of business leaders and policy makers committed to driving forward corporate standards in transparency and accountability.
      ]]>
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    <title><![CDATA[Sabre signs exclusive agreement with Albader Travel and Tourism]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:45:48 +0400</pubDate>
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      <![CDATA[
        Bahrain-headquarter Sabre Travel Network Middle East, a technology company serving travel suppliers and agencies, has signed an agreement with Albader Travel &amp; Tourism (Albader), one of the most respected and established travel agencies in Bahrain.
      ]]>
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    <title><![CDATA[STC ranks among the world big growing 10 in providing broadband services]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:40:51 +0400</pubDate>
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      <![CDATA[
        Saudi Telecom Company 'STC' Vice President for Home Services Eng. Mazyad Nasser Al Harbi stressed that the company is working on providing comprehensive internet-related services for, both, the business and household sectors, in addition to providing integrated technical support services around the clock, a fact that helped STC to succeed and proceed ahead to enter the world big 10 ranked first firms, which are greatly growing in providing broad-band services.
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    <title><![CDATA[Guests applaud five-star hospitality delivered by new Coral Hotel Dhahran ]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:36:22 +0400</pubDate>
    <description>
      <![CDATA[
        Following the soft opening of the Coral Hotel Dhahran on January 14, initial guest reaction has been overwhelmingly positive, despite the fact that some facilities at the deluxe hotel are yet to open.
      ]]>
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    <title><![CDATA[Egypt bourse shockwaves felt at Dubai Financial Market ]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:31:06 +0400</pubDate>
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      <![CDATA[
        The DFM General Index dipped 1.21%, closing at 1,435.96 points as the Egyptian Exchange dived over two per cent Thursday on fears the military could reinstate the martial law after riots in a Port Said football stadium left more than 70 dead yesterday evening. Part of the DFM losses may also be triggered by profit booking, after the DFMGI gained over six per cent in Januar. Emaar Properties declined 0.71% to Dhs2.78. Logistics specialist Aramex fell half a per cent to Dhs1.79. Earlier in the day, Aramex reported a full year net profit reaching Dhs211.5m, plus four per cent year-on-year. Aramex' fourth quarter saw also an increase of 4% in net profits, amounting to Dhs57.2m. Some 135m were traded, valued at Dhs185.7m.
      ]]>
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    <title><![CDATA[Demand in the industry triggers exhibitors at 'SGI 2012' to ink million dollar deals]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:29:57 +0400</pubDate>
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        International Expo Consults (IEC) part of Falak Holding, stated that the exhibitors at Sign, Graphics and Imaging 2012 (SGI 2012) have signed several million dollar deals due to the tremendous demand from trade visitors from across the region. This is also an official DSF 2012 event.
      ]]>
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    <title><![CDATA[Dubai Chamber seeks to develop strong partnership with UAE's logistics association]]></title>
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    <pubDate>Thu, 02 Feb 2012 15:16:02 +0400</pubDate>
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      <![CDATA[
        Dubai Chamber of Commerce and Industry in partnership with National Association of Freight and Logistics (NAFL) hosted an open forum for Dubai's freight and logistics community at its headquarters in Dubai recently.
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