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Aramex appoints CSO to lead CSR strategy

DUBAI - Aramex has appointed Raji Hattar as its Chief Sustainability and Compliance Officer (CSO) to lead the company's ambitious Corporate Social Responsibility (CSR) strategy, in order to build on its fully sustainable business model that aims at including all of its stakeholders' interests, a Press release said on Saturday.

"At Aramex, we take the impact of our operations very seriously and continually invest in business practices which help develop the communities in which we operate," said Fadi Ghandour, Founder and CEO of Aramex.

By a staff reporter

Rikaz Properties sells plot for profit of more than 35pc

By a staff reporter

DUBAI- Rikaz Properties, has concluded a sales deal for a plot of land raking in net profits of over 35 per cent, making this one of the top two property investment deals executed by the company in the second quarter of 2008, said a Press release on Saturday. Abdulmohsen H. Al Gahtani, Vice-President of Rikaz Properties, said: "It is our strategic aim to establish Rikaz as a Real estate Platform that invest, develop, manage and provide advisory services along the GCC Real estate food chain."

EMPA remains BIOSTAR distributor in Mideast

By a staff reporter

DUBAI- EMPA Middle East FZCO, an IT distribution company in the Middle East, and Taiwan-based motherboard manufacturer BIOSTAR Microtech International Corp., recently marked their eighth year of partnership in the Middle Eastern IT market. EMPA remains the sole agent of BIOSTAR motherboards in the following Middle East countries: GCC (including Saudi Arabia, Bahrain, Kuwait, United Arab Emirates, Qatar and Oman), Iraq, Lebanon, Yemen, Jordan and Egypt, said a Press release on Saturday.

Alafco to lease eight Airbus A320s to Saudi Arabia

DUBAI - Kuwait's Aviation Lease & Finance Co (Alafco) said on Saturday Saudi Arabian Airlines had agreed to lease eight Airbus A320s, bringing the Saudi carrier's total plane order from Alafco to 25. Saudi will take delivery of the eight single-aisle aircraft between 2009 and 2010, Alafco said in a statement.

The carrier had earlier signed deals with Alafco to buy eight and lease nine Airbus and Boeing aircraft, with the total deal - including Saturday's order - valued at $3.3 billion at list prices, Alafco said.

Alafco plans to deliver 13 Airbus A320s on lease to Saudia in the next two years and four Boeing B787 aircraft beginning 2014, it said. The Gulf aviation industry is booming as surging economies spurred by record oil prices attract tourists, business people and workers to the world's biggest oil-exporting region.

Reuters