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  <title>AMEinfo.com Latest News</title>
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  <description>Latest business and financial stories posted on AMEinfo.com</description>
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  <copyright>(c) 1996-2013 Mediaquest FZ LLC. All rights reserved.</copyright>
  <lastBuildDate>Wed, 19 Jun 2013 18:40:04 +0400</lastBuildDate>
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    <title><![CDATA[Racing for the world's tallest building]]></title>
    <link>http://www.ameinfo.com/racing-worlds-tallest-building-345910</link>
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    <pubDate>Wed, 19 Jun 2013 18:16:02 +0400</pubDate>
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      <![CDATA[
        Following the construction of the world's tallest building - the Burj Khalifa - in Dubai in 2010, standing at 828-metres high, countries around the world have been eager to break the record
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    <title><![CDATA[Tadawul market fails to recover losses from the beginning of the week]]></title>
    <link>http://www.ameinfo.com/tadawul-market-fails-recover-losses-beginning-345909</link>
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    <pubDate>Wed, 19 Jun 2013 17:17:36 +0400</pubDate>
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      <![CDATA[
        The Tadawul All-Share Index closed Wednesday trading unchanged at 7,526.26 points, which marks the last trading day of the Saudi Arabian work week. Whilst the gauge rose steadily in the sessions since Sunday, the GCC bellewether index failed to recover last Saturday's day-loss of 4.23%, the biggest drop in 2 years after the King's early return from a private holiday fuelled speculations over new tensions in regards to the conflict in Syria. Sabic fell 0.27% to SR93. Saudi Indian Company for Co- operative Insurance, known as Wafa Insurance, posted the biggest increase, ending up 9.95% at SR168.50. 
      ]]>
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    <title><![CDATA[Etihad Airways to launch double daily flights  from abu dhabi to Malaysia]]></title>
    <link>http://www.ameinfo.com/etihad-airways-launch-double-daily-flights-345908</link>
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    <pubDate>Wed, 19 Jun 2013 16:45:58 +0400</pubDate>
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      <![CDATA[
        Etihad Airways, the national airline of the United Arab Emirates, will add a new daily flight between Abu Dhabi and Kuala Lumpur to offer a double daily service from July 15, 2013.
      ]]>
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    <title><![CDATA[PAIPED launches trade up series]]></title>
    <link>http://www.ameinfo.com/paiped-launches-trade-series-345907</link>
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    <pubDate>Wed, 19 Jun 2013 16:44:31 +0400</pubDate>
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      <![CDATA[
        The Public Authority for Investment Promotion and Export Development (PAIPED) is planning a series of 'Trade Up' seminars designed to equip Omani businesses with specialist skills essential for entering today's global market. 
      ]]>
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    <title><![CDATA[KFH capital increase subscribed amounts exceeds proposed amount of shares]]></title>
    <link>http://www.ameinfo.com/kfh-capital-increase-subscribed-amounts-exceeds-345906</link>
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    <pubDate>Wed, 19 Jun 2013 16:44:15 +0400</pubDate>
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      <![CDATA[
        Kuwait Finance House KFH Chairman Muhammad Ali Al-Khudairy The subscription process in the capital increase of 20% approved by the Extraordinary General Assembly on April 24th 2013 by a value of 500 fils per share (100 fils par value and 400 fils premium) totaling KD319m, has gone smoothly where it exceeded `Allah be praised` the subscribed amount of the proposed quantity of shares.
      ]]>
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    <title><![CDATA[Qatar Friendship Fund announces four new projects and visits Tohoku]]></title>
    <link>http://www.ameinfo.com/qatar-friendship-fund-announces-projects-visits-345904</link>
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    <pubDate>Wed, 19 Jun 2013 16:35:33 +0400</pubDate>
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        Four new projects were recently announced after a three-day field visit by the Qatar Friendship Fund team to the Tohoku Region.
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    <title><![CDATA[Bahrain Islamic Bank gains as new chairman is appointed]]></title>
    <link>http://www.ameinfo.com/bahrain-islamic-bank-gains-345905</link>
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    <pubDate>Wed, 19 Jun 2013 16:32:14 +0400</pubDate>
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      <![CDATA[
        The Bahrain All-Share Index closed 0.17% lower at 1,202.39 points on Wednesday. Bahrain Islamic Bank or BisB was the sole gaining share, ending up 0.74% at BD0.136. Earlier in the day, BisB said  its board of directors held a meeting on Tuesday, "after completion of all formalities related to the purchase of The Investment Dar shares, which represents 51.6% of BisB capital, by National Bank  of Bahrain (NBB) and SIO with 25.8% each." In addition, it has been agreed that Abdul Razak Abdulla Hasan Al Qassim will take the helm as the new Board of Directors Chairman, replacing Khalid Abdulla Al Bassam "who has expressed his intention of quitting his position after eight years in the job so as to concentrate in his other businesses." BisB's rival Gulf Finance House lost the most, finishing off 5.88% at $0.16. 
      ]]>
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    <title><![CDATA[Dron and Dickson grows presence in Middle East with office expansion]]></title>
    <link>http://www.ameinfo.com/dron-dickson-grows-presence-middle-east-345900</link>
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    <pubDate>Wed, 19 Jun 2013 16:27:19 +0400</pubDate>
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      <![CDATA[
        Dron &amp; Dickson has announced a move to new premises for its Abu-Dhabi based subsidiary, Totus Energy.  
      ]]>
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    <title><![CDATA[Qatar bourse loses steam ahead of half-year earnings season]]></title>
    <link>http://www.ameinfo.com/qatar-bourse-loses-steam-ahead-half-year-345901</link>
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    <pubDate>Wed, 19 Jun 2013 16:25:01 +0400</pubDate>
    <description>
      <![CDATA[
        The QE 20 Index slipped 0.22% to 9,340.01 points on Wednesday. Qatar's top lender Qatar National Bank or QNB added 0.40%, while the Gulf state's number two Commercial Bank of Qatar, known as CBQ, declined 0.42% to QR70.70. Dlala Brokerage and Investment Holding Company ended off 0.18% at QR28.15. Earlier in the day, Dlala said as per the results of its board of directors' meeting held on June 18, the board has elected Nasser Hamad Al Sulaiti as Chairman and Jaber Hajjaj Al Shahwani as Vice Chairman.
      ]]>
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    <title><![CDATA[QNB named Best Bank in Qatar and Middle East for third consecutive year]]></title>
    <link>http://www.ameinfo.com/qnb-named-bank-qatar-middle-east-345896</link>
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    <pubDate>Wed, 19 Jun 2013 16:20:05 +0400</pubDate>
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      <![CDATA[
        Qatar National Bank (QNB),  has been the recipient of two industry recognised awards from the Banker Middle East.
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    <title><![CDATA[Qatar Airways signs maintenance cost per hour agreement for CF6 engines]]></title>
    <link>http://www.ameinfo.com/qatar-airways-signs-maintenance-cost-hour-345897</link>
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    <pubDate>Wed, 19 Jun 2013 16:18:53 +0400</pubDate>
    <description>
      <![CDATA[
        Qatar Airways has signed a 10-year maintenance cost per hour agreement for the continued maintenance, repair and overhaul of its Airbus A330 aircraft powered by CF6-80E engines.
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    <title><![CDATA[Entrepreneurs set to fill Dubai's in5 innovation hub to continue attract investment]]></title>
    <link>http://www.ameinfo.com/entrepreneurs-set-fill-dubais-in5-innovation-345898</link>
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    <pubDate>Wed, 19 Jun 2013 16:16:57 +0400</pubDate>
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      <![CDATA[
        The In5 innovation hub, the UAE's newest hot spot for tech entrepreneurs and start-ups, is witnessing a significant uptake in applications from budding ICT entrepreneurs.
      ]]>
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    <title><![CDATA[DLA Piper teams up with DIFC and the US-UAE Business Council ]]></title>
    <link>http://www.ameinfo.com/dla-piper-teams-difc-us-uae-business-345895</link>
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    <pubDate>Wed, 19 Jun 2013 16:15:22 +0400</pubDate>
    <description>
      <![CDATA[
        DLA Piper, the global law firm, co-hosted a seminar on the United States Foreign Account Tax Compliance Act (FATCA), which comes into effect at the end of this year. 
      ]]>
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    <title><![CDATA[Abu Dhabi bourse hits new 2013-high as FGB soars further]]></title>
    <link>http://www.ameinfo.com/abu-dhabi-bourse--345899</link>
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    <pubDate>Wed, 19 Jun 2013 16:09:34 +0400</pubDate>
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        The ADX General Index advanced 0.15% to reach 3,664.99 points on Wednesday, despite a negative market breadth. Higher oli prices (up $0.99 at $103.24) helped maintaining the positive momentum. First Gulf Bank was the most liquid share that gained in value, closing up 1.24% at Dhs16.30, well above its 5-year high. Earlier in the day, FGB announced that it has extended its working hours of all its retail branches in the UAE. Abu Dhabi Ship Building lost the most, finishing a thin trading session down 9.86% at Dhs1.28. Some 124m shares were traded, valued at Dhs316.5m.
      ]]>
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    <title><![CDATA[Msheireb Properties CEO welcomes ambassador of India to Msheireb downtown Doha]]></title>
    <link>http://www.ameinfo.com/msheireb-properties-ceo-welcomes-ambassador-india-345894</link>
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    <pubDate>Wed, 19 Jun 2013 16:03:00 +0400</pubDate>
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      <![CDATA[
        Mr. Sanjiv Arora, Ambassador of India to Qatar, visited the Msheireb Downtown Doha site office, where he was welcomed by Eng. Abdulla Hassan Al Mehshadi, CEO of Msheireb Properties and given a tour of the development.
      ]]>
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