Business Blog

The Holiday Inn Abu Dhabi Downtown has opened, according to a statement on Wednesday.

The penetration rate of mobile phones among Saudi nationals climbed to 170% and outperformed the global rate of 93%, according to a financial report.

Work on the first phase of the SR50 billion King Abdullah Pilgrim City in Madinah has begun as part of the government's efforts to further improve services being extended to the guests of God who come for Haj and Umrah every year.

* Proposals have been submitted to the central bank -sources * Deal will involve share swap between CIMB and RHB -sources * Islamic banking arms of CIMB, RHB may merge with MBSB -source (Writes through with details from sources) By Saeed Azhar and...

Egyptian Saudi Insurance House and Faisal Islamic Bank are planning to contribute in Salama Family Takaful Company (Life Insurance) in Egypt in which SALAMA - Islamic Arab Insurance Company a leading provider of direct Takaful companies in the United Arab Emirates requested to set up Salama Takaful in Egypt with EGP100 million capital.

Egyptian Saudi Insurance House and Faisal Islamic Bank are planning to contribute in Salama Family Takaful Company (Life Insurance) in Egypt in which SALAMA - Islamic Arab Insurance Company a leading provider of direct Takaful companies in the United Arab Emirates requested to set up Salama Takaful in Egypt with EGP100 million capital.