| |
|
Corporate Scenario
of Arabia in January ‘07 |
|
Posted by
Christopher |
|
Date: Feb 2, 2007 |
|
|
|
After distilling
business news on company specific level
for Arabia 12 countries for January 2007,
here is our summary:
The Banking and the Real Estate industries
as usual dominated the corporate scenario
in the GCC and other countries of the Arabic
world.
2. ‘The Gulf Commercial Bank’ was officially
formalized with an expected capital of QR7.2bn
and its promoters being individuals, companies
as well as institutions from Qatar, Bahrain,
the UAE and Kuwait.
3. Saudi Electricity Company posted its
biggest quarterly loss in the last three
years, its effects reaching up to the stock
exchange. Arabia 1000 covers
all.
4. On the brighter side, the corporate Arabia
can pat themselves for achieving few firsts.
UAE’s Tamweel PGSC’s CEO has been named
a Young Global Leader for 2007 by the World
Economic Forum. Acer Computer Middle East
became one of the world's top three PC vendors
in 2007. Emirates Airlines won the Global
Traveller's GT Tested Awards while BMW Group
Middle East announced record sales in the
GCC countries with 11,250 units, the highest
ever volume achieved in the Gulf region.
5. After gracefully hosting many a distinguished
guests and dignitaries, Sheraton Oman Hotel
closed its doors after a 22-year journey
for a USD25m renovation programme that will
result in its complete transformation. Another
company that is reforming itself, after
almost 25 years is Baskin Robbins. It has
aggressive plans to expand its exclusive
Baskin Robbins franchise across the Gulf.
The scattered information available on Arab
companies need not be an obstacle to those
users with business/investment analysis
needs for this cash-rich region. The
Arabia 1000 presents
to you a comprehensive package of company
information with specifics as:
- Countries covered: GCC
- Every company news of all these
countries collected.
- Industry-specific news available.
- Company news segregated by industry.
- Company news segregated by the type
of the news (like joint ventures, contracts/deals,
capital issues)
- Important news of the day or of
the industry or of the country available.
- All the news sources exhaustively
covered (newspapers, company websites,
press releases, stock exchanges, news
agencies, interims, annual reports)
My role as a senior editor to review
daily news being summarized by the FinGlobe
team and to come up with weekly and monthly
overview for these columns.
Posted by Sophia Christopher February
2, 2007
Important
Links:
www.arabcompanyanalysis.com
Please Send
Feedback to:
updates@arabcompanyanalysis.com
sophia@arabcompanyanalysis.com
|
| |
| |
