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GCC Business News - Global Arab Network
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Somalia Politics
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 The Global Centre for Renewal and Guidance (GCRG) will host a summit in Dubai March 13-14, to call for reconciliation and peace in Somalia. The Summit, which will be attended by President Sheikh Sharif Sheikh Ahmed
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Technology
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 3Com Corporation (NASDAQ: COMS) has announced the H3C® S9500E modular switch chassis, a new enterprise core switch optimized for enterprise core and medium-sized data center networks.
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Industry
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Agenceis
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 Oman Oil and Gas Minister, Dr. Mohammed bin Hamad al Romhi attended a celebration was held at Sohar Industrial Estate today to mark the opening of Gulf International Pipe Industry ("GIPI") ‘s pipe mill.
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Finance
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Posted by Rabih Serrai
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 Moody's Investors Service today placed the A1 long term ratings for Qatar Telecom Q.S.C. ("Qtel"), the A1 rating for Qtel International Finance Limited and A1-rated bonds issued under Qtel's GMTN programme under review for possible downgrade.
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Culture
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By Salma Hasan Ali
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 On 10 March, three Muslim women will be honoured alongside philanthropist Melinda French Gates and human rights activists Panmelo Castro from Brazil and Rebecca Lolosoli from Kenya, by Vital Voices Global Partnership,
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Finance
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Posted by Mohammed Almasri
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 Fitch Ratings has today affirmed the National Bank of Abu Dhabi's (NBAD) Long-term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook. Fitch has affirmed NBAD's Short-term IDR at 'F1+', Support Rating at '1' and Support Rating Floor at 'AA-'.
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Finance
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Posted by Mokhtar Thabet
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 Moody's Investors Service today assigned long-term senior and subordinated debt ratings to the US$7.5 billion medium-term note programme of Emirates NBD PJSC ('EmiratesNBD') and its special purpose issuing vehicle Emirates NBD Global Funding Limited ('EGF').
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Finance
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 Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed Bahrain-based Investcorp's Foreign Currency Long and Short-Term Ratings at BBB+ and A2 respectively. CI has also maintained Investcorp's
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Culture
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 DuPont has today (March 11, 2010), launched an initiative to encourage United Arab Emirates (UAE) students to generate ideas and develop innovative solutions to address prevailing global environmental challenges.
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Economics
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Agencies
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 Deliberations of Oman-UAE Supreme Joint Committee's Meetings were concluded in Muscat at the Al Bustan Palace Hotel today under the chair of Sayyid Ali bin Hamoud al Busaidi,
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Opinion
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By Blake Respini and Herdi Sahrasad
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 A critical component of Indonesia's democratic future involves recognition of the special role of Islam in the state. Because most Indonesian Muslims want their government to respect Islamic customs even if they do not support the creation of an Islamic state,
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Economics
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By Lord Davies
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 Today the Minister for Trade, Investment and Small Business Lord Davies will lead a delegation of British companies to the UAE. Ahead of his visit he tells Global Arab Network why the UK and the Middle East region remain great trading partners.
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Finance
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Posted by Gamal Ragay
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 Fitch Ratings has today affirmed Abu Dhabi Commercial Bank's (ADCB) Support Rating at '1'. The rating reflects the extremely high probability of support, should it ever be required, from the UAE authorities and the Abu Dhabi government,
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Finance
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Posted by Mohammed Almasri
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 Fitch Ratings has today affirmed the Commercial Bank of Qatar's (CBQ) Long-term Issuer Default Rating (IDR) at 'A', Short-term IDR at 'F1', Individual Rating at 'C' and Support Rating at '1'.
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