Business Blog

Jumeirah Group, luxury hotel company and a member of Dubai Holding, saw operating profit and consolidated revenue grow by eight per cent last year over 2012, according to a statement on Thursday. It, however, did not disclose the actual numbers.

The all new headline story in the Saudi Telecom industry is the introduction of MVNO’s (Mobile Virtual network Operators). Two new MVNOs (Jawraa Lebara, Virgin Mobile) are all set to enter the market during the year. The third MVNO Axiom telecom was also supposed to enter the market on Zain’s network, however due to failure in submission of mandatory documents, the authorities (Communication and Information Technology Commission) have not approved their license. In this paper we look at the general idea behind an MVNO, and the impact they will have on the current landscape of Saudi telecom market.

By Bernardo Vizcaino The Islamic unit of Bank Muscat BMAO.OM , Oman&aposs largest lender, plans a dual-currency U.S. dollar and rial sukuk issue worth around $300 million that would be the first sukuk sale by a bank in the country.The issue, which could carry tenors of between three and five years, would be part of a 500 million rial ($1.3 billion) sukuk programme which the bank&aposs shareholders

By Bernardo Vizcaino The Islamic unit of Bank Muscat BMAO.OM , Oman&aposs largest lender, plans a dual-currency U.S. dollar and rial sukuk issue worth around $300 million that would be the first sukuk sale by a bank in the country.The issue, which could carry tenors of between three and five years, would be part of a 500 million rial ($1.3 billion) sukuk programme which the bank&aposs shareholders

The Islamic unit of Bank Muscat, Oman's largest lender, plans a dual-currency U.S. dollar and rial sukuk issue worth around USD 300 million that would be the first sukuk sale by a bank in the country.

The Islamic unit of Bank Muscat, Oman's largest lender, plans a dual-currency U.S. dollar and rial sukuk issue worth around USD 300 million that would be the first sukuk sale by a bank in the country.