Tata Communications and Middle Eastern Operators Launch Strategic Gulf Cable ProjectNew TGN-Gulf Cable System Will Connect the Region Directly to India and to the Rest of the World Synopsys and King Abdulaziz City of Science and Technology (KACST) Sign Agreement to Promote Knowledge-Based Society in Saudi ArabiaRIYADH, Saudi Arabia, November 14 - Synopsys, Inc., a world leader in software and IP for semiconductor BancTec and Al-Falak Electronic Equipment & Supplies Co. Establish Distribution RelationshipAgreement extends BancTec's growth in Middle East LONDON, November 12 - BancTec, Inc., a global provider of advanced, high-volume, document and Saudi Prince Sultan Khaled Bin Sultan Bin Abdulaziz in the Netherlands for International Water PrizeRIYADH, Suadi Arabia - On October 30 a high level committee consisting of Chairman Prince Khaled Bin Sultan Bin Abdulaziz, prominent Saudi leaders and international academic experts, will meet with the Dutch water sector to discuss possible solutions for today’s global water challenges. In the evening the city of Delft will host a CEO dinner, attended by His Royal Highness, the Prince of Orange, and a number of leaders of the Dutch academic and business community. Highland Spring LTD, (UK) Selects Savi Networks’ SaviTrak(TM) for Wireless Cargo MonitoringOCHIL HILLS, Scotland and MOUNTAIN VIEW, California - - SaviTrak(TM) Enables Real-Time Management of the Location, Security and Condition of Global Organic Bottled Water Shipments to Enhance the Highland Spring Customer Experience ICC Evaluation Service and Underwriters Laboratories, Globally Recognized Leaders in Product Evaluation and Certification, Introduce Dual PMG Listing ProgramNORTHBROOK, Illinois - ICC Evaluation Service, Inc.(R) (ICC-ES(R)) and Underwriters Laboratories (UL) have established a Dual PMG Listing Program for plumbing, mechanical, and fuel gas (PMG) products. The purpose of the program is to provide code officials and construction professionals with a reliable means to verify that PMG products comply with applicable codes and standards. IPC Expands Global Network Coverage with Dubai Point of PresenceJERSEY CITY, New Jersey - - New Point of Presence at Dubai International Financial Centre Enables Direct Connectivity between Leading Financial Centers in Dubai, Europe and Asia-Pacific Otis’ Energy-Efficient Elevators Selected for Longtan City Industry ZoneFARMINGTON, Connecticut - Otis Elevator Company was awarded a contract to supply and install 334 energy-efficient Gen2(R) elevators for the Longtan City Industry Zone in Chengdu, China. Otis, a unit of United Technologies Corp. (NYSE: UTX), is the largest elevator supplier for the 32-million-square-foot (3-million-square-meter) development. The site, being developed by the Chengdu Yudu Industry Limited Corporation, will feature environmentally-friendly industries, companies and residential housing. United Arab Emirates Continues as Most Prosperous Arab Nation, Ahead of Kuwait, Finds Legatum Prosperity IndexLONDON - - Lack of Freedoms Strongly Limit Prosperity in Other Arab States; Egypt, Iran and Yemen Amongst the Worst Piling and Foundation Contractors and Consultants Witness Increase in WorkDUBAI, EAU - - Huge Increase in Saudi Infrastructure Investment is Driving Growth in Construction Sector A Ceremony to Sign the Memorandum of Understanding Between the St. Petersburg International Economic Forum and the Jeddah Economic Forum was HeldST. PETERSBURG, Russia - The signing ceremony took place during the plenary session of Russia-Saudi Business Forum, held during the forum exhibition. The exhibition was conducted with the support of the RF CCI, RADS, the Council Chamber of the Kingdom of Saudi Arabia (KSA), the Jeddah Chamber, the Embassy of Russia in the KSA, the Consulate General of Russia in Jeddah, the KSA Embassy in Russia, RF Foreign Ministry, Ministry of Economic Development of Russia, the St. Petersburg International Economic Forum Foundation, Representatives of Russia of the Organisation of the Islamic Conference (OIC), the all-Russia public organization Women in Business, and the Ministry of Culture of Tatarstan. Behringer Harvard Expands Real Estate Investment Relations to the Middle EastDALLAS - Behringer Harvard announced today the appointment of Mr. Dawoud Salman Al-ani as Managing Director, Middle East Investment Relations - Real Estate. Mr. Al-ani will assist sovereign wealth funds, institutional and semi- institutional companies, and select individuals located in the Arab Gulf with their advisory needs and the creation of single-account, co-mingled fund and joint venture investment structures. Dr. Naseer Homoud of IIMSAM Supports Worldwide Humanitarian Efforts on United Nations ‘Day of Peace’DOHA, Qatar - Dr. Naseer Homoud, the Goodwill Ambassador & Director of The Intergovernmental Institution for the use of Micro-algae Spirulina against Malnutrition (IIMSAM) is offering his support towards today’s 27th Annual United Nations’ International Day of Peace and has outlined his hopes towards tackling situations in the Arab World and striving towards Barack Obama’s vision of ‘change we can believe in’. Wared Logistics Partners With Preferred FreezerJEDDAH, Saudi Arabia - - Refrigerated Facilities To Serve Fast-Growing MENA Region Wared Logistics, the world-class provider of logistics and transportation services for the Middle East and North Africa (MENA) region, announces that it has partnered with Preferred Freezer Services (PFS), the premier global provider of cold storage warehouses, to construct and manage refrigerated warehouses throughout MENA. Sherif Hamoudah Appointed as Senior Vice President & General Manager for Acision Middle East, Africa and PakistanDUBAI, UAE - - Acision Increases Commitment to Middle East and Africa With Hire of New GM The World’s First “Halal” Search Engine Designed for Muslims Goes LiveAMSTERDAM - As of today, Muslims from all over the world can search the World Wide Web safely without coming across content that might be considered “Haram” according to the Islamic Law. Australian Architectural Triumph at Aquarium at the Dubai MallMELBOURNE, Australia - - Aquarium viewing area to enter Guinness books of records Australian architects are behind the creation of the world’s largest acrylic viewing panel at the Dubai Aquarium and Discovery Centre. EA and NetDragon Enter Agreement to Develop Ultima OnlineHONG KONG - Electronic Arts Inc. (Nasdaq: ERTS) and NetDragon Websoft Inc., a leading game developer and operator in China (”NetDragon”, with its subsidiaries collectively know as the “Group”; Hong Kong Stock Code: 777), today announced a licensing agreement for the development of a new massively multi-player online role playing game (MMORPG) based on “Ultima Online”(TM) from Electronic Arts. As part of the agreement, NetDragon will develop the new Ultima Online(TM) in collaboration with EA’s Mythic Entertainment, and have the exclusive operating license for China, Hong Kong, Macau and India. Al Rajhi Bank Achieves SR 3.5 Billion in Profits During the First Half of This Year, a 5% Increase Over Last YearRIYADH, Saudi Arabia - Al Rajhi Bank CEO, Mr. Abdullah Sulaiman Al Rajhi announced that the Bank posted a net profit of SR 3,503 million, compared to SR 3,344 million during the same period last year, representing a 5% increase. This growth is attributed to the increase in customer deposits and the diversification of the Bank’s financing and investment strategy. Al Rajhi explained that the Bank is continuing with its conservative strategy by increasing its financial provisions by 55% compared to the same period last year. Squire Sanders Middle East and North Africa Resources Bolstered by Riyadh RelationshipRIYADH, Saudi Arabia - - Firm Continues to Expand Global Reach Supporting Worldwide Client Needs NetDragon Launches Beta Test of Heroes of Might and Magic Online: Gold EditionHONG KONG - NetDragon Websoft Inc. (”NetDragon”, with its subsidiaries collectively the “Group”; Stock Code: 777), one of the leading game developers and operators in the PRC, announced that the beta test version of the 2.5D MMORPG Heroes of Might and Magic Online: Gold Edition will be officially launched at 15:00 (China Standard Time) on July 8th. Top Ranked Asian MBA School Offers Full Fellowships to International StudentsDUBAI, UAE - The current economic downturn is creating new opportunities for professionals to upgrade their skills and competencies. With rising demand for such qualified professionals, S P Jain, one of Asia’s top ranked Business Schools, is offering fellowships for its 1 year full time Global MBA program, accredited by AMBA, UK and conducted in Dubai and Singapore, two of the hottest Asian business destinations. Otis Lifts Vehicles to 94th Floor of Tallest Building on Chinese MainlandFARMINGTON, Connecticut - Otis Elevator Company has designed and installed a unique elevator that is being used to transport vehicles to the 94th floor exhibition hall in mainland China’s tallest building. This elevator is among 30 elevators and 34 escalators that Otis installed in the 101-story Shanghai World Financial Center (SWFC). Otis is a unit of United Technologies Corp. (NYSE: UTX). Lockheed Martin and Australian College of Kuwait Unveil New Simulation and Training CenterKUWAIT CITY - Lockheed Martin (NYSE: LMT), the Australian College of Kuwait (ACK) and the National Offset Company (NOC) announced the premiere of a state-of-the-art Maritime Simulation and Training Facility at the ACK campus today. Filipino Customers Now Have Their Own Remittance Center From Tahweel Al RajhiRIYADH, Saudi Arabia - New Cash-to-Cash Service Offers the Lowest Charges and Fastest Service Wared Logistics Wins Major Contracts in SyriaJEDDAH, Saudi Arabia - Wared Transport Provides Specialized Truckload Transportation Services Final Results for Al Rajhi Company for Cooperative Insurance IPORIYADH, Saudi Arabia - The CEO of Al Rajhi Financial Services Co. (Lead Manager and Sole Underwriter), Mr. Marcus Andrade, has announced that the allocation of the Al Rajhi Company for Cooperative Insurance (ARCCI) shares has been completed per recognition of The Capital Market Authority (CMA). The total number of subscribers is 902,049 which represents a total amount of SAR 538,926.500 and an oversubscription of 898%. 747% Over Subscription - Al Rajhi Co. for Cooperative Insurance IPORIYADH, Saudi Arabia - With one day left before the close of the offer period ,the CEO of Al Rajhi Financial Services Co. (ARFS), Marcus Andrade, has announced the IPO subscription results for Al Rajhi Co. for Cooperative Insurance (ARCCI). NetDragon Launches Open Beta Testing for The Warlords in North AmericaHONG KONG - NetDragon Websoft Inc., a leading game developer and operator in the PRC (”NetDragon” with its subsidiaries collectively known as the “Group”, stock code: 777) announced that The Warlords, the English version of Tou Ming Zhuang Online, entered its open beta testing on April 24. The Warlords is a 2.5 D MMORPG game jointly created by NetDragon and China Film Group, sharing the same story as the film titled The Warlords. It exhibits traditional Chinese martial arts through complicated stories set in the late Qing Dynasty. Wared Logistics Launches OperationsJEDDAH, Saudi Arabia - Premier Logistics Service Provider for Saudi Arabia and MENA Region Wared Logistics, the world-class provider of logistics and transportation services for the Middle East and North Africa (MENA) region, announces the formal launch of its comprehensive service offerings. Wared Logistics is a joint venture (JV) between Zahid Group Holding and Construction Products Holding Company (CPC). Both companies have over 30 years of logistics experience. Wared acquired Zahid Heanor and United Transport Company, the respective transport operations of the JV partners. With a 21.6% Increase Over Last Year Al Rajhi Bank Achieves SR 1,732 Million in Profits in the First Quarter of 2009RIYADH, Saudi Arabia - Al Rajhi Bank CEO, Mr. Abdullah Sulaiman Al Rajhi announced the financial results of the first quarter of 2009 where the Bank achieved SR 1,732 million in net profits compared to last year’s net profits which were at SR 1,424 representing an increase of 21.6%. Al Rajhi Bank Presents Financing and Investment Opportunities at Riyadh Real Estate & Development ExhibitionRIYADH, Saudi Arabia - A Striking Pavilion That Awaits Visitors With Many Surprises Al Rajhi Bank is taking part in the Riyadh Real Estate and Development Exhibition that is being held at the Riyadh International Exhibitions Center under the Patronage of HRH Prince Miteb bin Abdulaziz, Minister of Municipal and Rural Affairs. The Bank is presenting comprehensive real estate financing solutions and packages that offer unique features. Electro-Motive Diesel, Inc. is Awarded New Locomotive Contract for 25 SD70ACS Locomotives from Saudi Railway Company (SAR)RIYADH, Saudi Arabia - Electro-Motive Diesel, Inc. (EMD) today announced it has signed the contract with the Public Investment Fund - Ministry of Finance to manufacture a quantity of 25 SD70ACS heavy haul AC diesel electric locomotives for Saudi Railway Company (SAR). These units are specifically designated for used on the North - South line. They will carry minerals on over 1482km of newly constructed track, and are capable of dealing with some of the harshest desert environments including a 300 km across the Nofud desert. Delivery of the locomotives is scheduled to begin during the 2nd Quarter of 2010. This will bring the number of EMD locomotives operating in Saudi Arabia to 72 locomotives. Synopsys and King Abdulaziz City of Science and Technology Promote Nanoelectronics in Saudi ArabiaRIYADH, Saudi Arabia - Collaboration aims to promote knowledge-based society by enabling a Center of Excellence for Nanoelectronic Design With New National Immunisation Programme in Saudi Arabia, Thirty-Five Countries Now Offer Routine Immunisation Against Pneumococcal Disease With PrevenarMAIDENHEAD, England - Prevenar Helps Protect Children Against the Leading |
