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BBK opens financial mall
The Bank of Bahrain and Kuwait (BBK) is to open the Muharraq Financial Mall, off of the Airport Road, later this month, reported the Bahrain Tribune. The mall will be the fourth the bank has opened in the kingdom and, as a consequence, the BBK has closed the old Muharaq branch with effect from today, December 10. The mall includes a range of services including a drive-thru ATM and an e-banking station.
Bahrain: Monday, December 10 - 2007 at 14:25 |

Emirates Bank to Shindagha
The Emirates Bank, an Emirates NBD company, has inaugurated a new branch in the Shindagha area of Dubai. The new facility offers retail banking as well as a 24 hour meBANK area with both ATMs and instant automated cash and cheque deposit machines. The branch can be accessed from both the nearby Shindagha Market and the Carrefour supermarket.
United Arab Emirates: Monday, December 10 - 2007 at 07:39 |

Saudi public sector 30% hike
Government employees in Saudi Arabia are set for a whopping 30% pay rise as part of a strategy for dealing with rising inflation in the kingdom, reported Arab News. The move follows that of a number of private sector firms which have given their staff 40% salary increases. Satellite TV channel Al Arabiya said a decision would be taken on the pay hike very shortly.
Saudi Arabia: Sunday, December 09 - 2007 at 07:35 |

Shuaa closes Frontier
The UAE's Shuaa Partners, the private equity arm of Shuaa Capital, has closed its 'Frontier Opportunities Fund I', with total commitments of $100m. The fund will have a four year investment cycle and its primary focus will be on Syria, but it will also consider investments in Lebanon and Jordan. The fund has already made an unspecified investment in telco operator Syriatel.
Syria: Saturday, December 08 - 2007 at 13:21 |

Gold just above $800
Gold fell on Friday as oil prices declined and a strong US jobs report reduced the chances of large interest rate cuts by the Federal Reserve, reported Reuters. February gold on the New York Mercantile Exchange retreated $6.9 to end at $800.2 an ounce; it had hit an intraday low of $796.4 and a high of $811.4. Analysts are predicting a strong 2008 for the yellow metal.
US: Saturday, December 08 - 2007 at 07:43

Kuwait to set up citizen fund
Kuwait's ruler Sabah Al Ahmad Al Sabah has called for his government to establish a $1.09bn fund to help citizens pay off debts, reported Emirates Today, citing the stage-controlled Kuwait News Agency. No details were given by the agency.
Kuwait: Thursday, December 06 - 2007 at 08:53

Dubai bank caters to women
Dubai Islamic Bank has launched two new products for its female customers - an Islamic credit card and a unique auto finance offering with comprehensive features such as road assistance and insurance. The new features are part of the bank's 'Johara' program, which offers exclusive banking services tailored for ladies. The bank has five Johara branches and nine exclusive ladies' sections attached to their branches. Four new Johara branches are planned for 2008.
United Arab Emirates: Thursday, December 06 - 2007 at 08:24

Hilton discounts for Egypt residents
Local and expatriate residents of Egypt can now enjoy a special discount when staying at Hilton properties in Egypt when paying with their Visa cards. Hilton Hotels will receive a 10% discount off the local package rate when paying with their Visa cards. Offer is available from December 1st this year through to May 31st, 2008, at all 13 Hilton properties in Egypt.
Egypt: Tuesday, December 04 - 2007 at 08:02