RTA revealed that a total of 15.29 million transactions were made via smart apps alone
Since joining Dubai-based Abraaj in 2005, Farrukh has played a key role in implementing post-acquisition strategy in several of Abraaj's holdings. In Saudi Arabia, he helped guide National Air Services (NAS) in setting up the kingdom's first low-cost carrier, as well as developing its all business-class carrier, and a unit offering fractional ownership and leasing of business jets.
By a staff reporter
Citibank hired as depositary for CBQ's GDR programme
By a staff reporter
DUBAI - Citi announced that Citibank, N.A. was appointed the depositary bank for the Commercial Bank of Qatar's (CBQ) Global Depositary Receipt (GDR) offering listed on the London Stock Exchange (LSE).
The GDR issue of nearly $700 million, originally priced at $7.50 per GDR, was the primary tranche of a total capital raising of $900 million. CBQ is the State of Qatar's second largest bank by assets, loans and deposits. This capital raise represents the second largest GDR offering from the Middle East or Northern Africa ever. Citi will be providing the CBQ with the means to diversify their shareholder base and increase their liquidity.
Tam joins as Cathay's Country Manager for UAE and Oman
By a staff reporter
DUBAI - Clement Tam shall take charge as Cathay Pacific's Country Manager for UAE and Oman on August 24 2008. He joined Cathay Pacific eight years ago in the Hong Kong head office. Since then, he has worked in a variety of departments in Hong Kong, Tokyo, Indonesia and Middle East that included Airport Management, Business Improvement and Cathay Pacific Loyalty Programme that manages the airline's Frequent Flyer Programme, Asia Miles. The last position held is that of Country Manager Bahrain and Saudi Arabia managing business in the two Kingdoms and also the offline Middle East region.
RTA revealed that a total of 15.29 million transactions were made via smart apps alone
Israel is intensifying its attacks both in Gaza and Lebanon as the fight approaches its one-year mark
Singer to take the stage at Coca-Cola Arena on December 14
Rajinikanth's daughter Soundarya visited the Tiruvottiyur Shri Vadivudai Amman Temple in Chennai to offer prayers for the speedy recovery of her father
Recently, both actresses visited Kashmir to shoot for the film
IMF chief said the region remains a bright spot despite numerous shocks over the past few years
The cyber-thriller is available for streaming on Netflix
'Music is a more honest place for me where I feel like I can say things that I wouldn't say,' admits the star