Middle East container industry growth and opportunities for further business development in the supply chain sector was highlighted by industry specialists at a conference in Dubai on Tuesday. The region is leading expansion in global container shipping and it’s downstream sector is driving much of that growth, they said at the Fourth Gulf Petrochemical…

  Riyadh: Pile-up of containers at Riyadh dry port will be solved soon and the operator is working strenuously to this end in coordination with minister of transport and officials of Saudi Railways Organization ( SRO ), according to SRO chief. Abdulaziz Al-Hokail said a meeting was held with the operating company at the dry…

  ABU DHABI,- Etihad Airways said it remains strongly confident of Airbus’ A350 programme despite cancelling its order for seven planes of the delayed stretched-body A350-1000. ” Etihad Airways has a great deal of confidence in the A350 XWB programme and we retain attractive delivery positions for the -1000 derivative,” said an airline spokesperson in…

  Doha, Qatar: SEIB Insurance and Reinsurance Company LLC (SEIB), in its continuing commitment to provide innovative products and services to the general public, launched its new product, ‘SEIBCare’, a family protection insurance plan. “Qatar is literally a land of opportunity,” explained Mr. Elias Chedid, SEIB’s Chief Operating Officer. “People come from all over the…

  Muscat: Capital Intelligence (CI), the international credit rating agency, yesterday announced that it has maintained BankMuscat ‘s Financial Strength Rating at ‘A-’. The rating is underpinned by the bank’s dominant market position in Oman, its improved profitability in 2011 and better asset quality ratios including its strong provision coverage ratio. The bank’s performance in…

  The Iranian Ministry of Communication and Information Technology has instructed the Central Bank to prohibit clients of the banking system from using emails which are based on foreign-host servers. Communication and Information Technology Minister Reza Taqipour has sent a letter to Central Bank Governor Mahmoud Bahmani, instructing him to inform clients not to use…