Fitch affirms National Bank of Kuwait (International) May 19, 2012
Fitch Ratings has affirmed National Bank of Kuwait (International) plc's (NBKI) Long-term Issuer Default Rating (IDR) at 'AA-'. The Outlook is Stable. A full list of rating actions is at the end of this comment. NBKI is the London-based subsidiary of National Bank of Kuwait (SAK) (NBK; 'AA-'/'Stable). NBKI's ratings reflect expected support from its parent, if needed.
Fitch's expectation of support is based on NBKI's close integration with its parent, both from a business and a risk management perspective. It represents the"...
Waqf Fund to boost resources at Bahrain library May 19, 2012
The Waqf Fund, a Bahrain-based special fund to support Islamic finance training, education and research, reviewed its ongoing programmes at a key meeting.
At its 16th board of trustees meeting, the fund expressed its satisfaction that training was being delivered to Islamic banking professionals and Sharia resources at Islamic banks under the Graduate Sponsorship Programme, Sharia Reviewer Development Programme and Advanced Diploma in Islamic Commercial Jurisprudence Programme.
The board decided to strengthen the Islamic finance resources at a major library in Bahrain in order to...
Jaidah launches Chevrolet Malibu May 19, 2012
Jaidah Automotive has announced the launch of the all-new Chevrolet Malibu in Qatar, marking the arrival of the eighth generation of one of the brand’s most popular models.
More than 8.5mn Malibus have been produced since its debut in 1964, and the new model features a variety of improvements in its latest incarnation.
Mohamed Jaidah, chief development officer of Jaidah Group, described the new car as the “latest, most technologically-advanced and improved version” of an extremely popular model.
He said: “The 2013 Malibu provides customers with expressive...
Samsung stall evokes overwhelming response at Comex 2012 May 19, 2012
In the recently concluded Comex IT, Telecom and Technology Show, Sarco the distributor of Samsung offered customers an amazing array of attractive bundled offers and unbeatable special discounts on their range of products.
Commenting on the tremendous turnout registered at the Samsung stall, an upbeat Ajay Ganti, CEO of Sarco said: “Comex has always been a great platform for us to introduce and familiarise our valuable customers to Samsung’s impressive and state-of-the-art product ranges. This year’s Comex was no different, except that the customer response to our stall...
JD4.7 million Japanese grant to upgrade Karameh border crossing
Jordan and Japan on Thursday signed an exchange of notes for a JD4.7 million ($6.7 million) grant to improve security equipment at the Karameh border crossing.
Minister of Planning and International Cooperation Jafar Hassan and Japan’s Ambassador to Jordan Junichi Kosuge signed the exchange of notes, according to a planning ministry statement, which said the new grant"...
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Samsung stall evokes overwhelming response at Comex 2012
May 19, 2012
In the recently concluded Comex IT, Telecom and Technology Show, Sarco the distributor of Samsung offered customers an amazing array of attractive bundled offers and unbeatable special discounts on their range of products.
Commenting on the tremendous turnout registered at the Samsung stall,...
Etihad Airways signs codeshare deal with Safi Airways
May 19, 2012
Under the deal, effective since Tuesday 15 May, Etihad Airways has placed its two-letter 'EY' code on the four weekly services which Safi Airways has operated between Abu Dhabi and the Afghan capital, Kabul, since February 2012.
The new agreement will also give air travellers in Afghanistan greater...
PWD care centre shut down over violations
May 19, 2012
Minister of Social Development Wajih Azaizeh on Thursday announced the closure of the Ibn Khaldoun Centre for Special Education, citing “failure to meet the ministry’s standards and requirements”, the Jordan News"...
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