Arab Bank Jordan
Standard & Poor’s Corp. cut Jordan’s long-term local currency sovereign ratings to BBB- from BBB.
Petra Authority
Petra has over 3000 special monuments; the type of architecture there is really amazing.
Jordan Finance Ministry
Jordan has been affected by the economic crisis. In the last year the growth rate was 2.8% but we heard that this year it would not be less than 4%.
Gulf Air Bahrain Premier Air Carrier in Bahrain
Gulf Air Bahrain Premier Air Carrier in Bahrain, Former CEO of Gulf Air, Björn Näf
I think Gulf Air Bahrain wants to reposition as well. I must say Gulf Air Bahrain has been the innovator. It has almost been 60 years around this region, Gulf Air Bahrain has been the founding carrier for the Gulf aviation industry. I think the market is big enough for all to grow. Yes, Gulf Air Bahrain has to be careful and see what Gulf Air Bahrain can do best and we have to strengthen these elements to become a carrier of choice in aviation sector in the Middle East, and position the carrier to add value for Gulf Air Bahrain customers, so customers choose us because we do something better than the others. Competition is healthy, it is a good thing and keeps us on our toes, it makes us better and better every day.
UAE Banking when Banking in UAE becomes the driver of growth
“UAE banking sector posted nearly $6.8 billion in profits for 2007, an increase of 29%. UAE Banking with economic fundamentals remaining strong, even the spread of the US subprime contagion may not make its way into the UAE banking sector”, says Ibrahim, whose bank is also facing growing competition. UAE Banking and Abu Dhabi Islamic Bank is booming, too. “Abu Dhabi Islamic Bank’s (ADIB) net income in the three months to March 31 – after depositors’ share – surged by 47% to 244.25 million dirhams ($66.5 million)”, says its CEO, Tirad Mahmoud. It is logical that a high growth of population means a treasure trove for retail banking : “The bank grew its distribution network in the UAE from 16 branches in 2004 to 44 branches as of now and will be adding four new branches by the end of the year.”
Lalu Samuel
Managing Director of Clipsal Middle East, Pierlite Middle East We are talking about almost $ 3 trillion in the construction industry in the next 5 to 10 years in the region. The investment regions have already started. I think it is very difficult to hold it in the middle, adding the industry boom activity and expansion.
Coral International Hotels
H.E. Sheikh Mohammed bin Faisal Al Qassimi, Chairman & CEO of Manafa & Vice-Chairman of Coral International Hotels, Resorts & Spas My company, Manafa, is a holding company for different investments, it has operations in hospitality – Coral International Hotels we have the HMH which is a hotel management company that manages Coral International Hotels that has 4 brands of varying standards. We have 10 different corporations around the UAE and we hope to expand that to 35 in the future which would add a lot to the tourism industry in Sharjah and the UAE.
Metropolitan Hotel, Habtoor Hotels
Janes Warwick, General Manager of Metropolitan – Habtoor Hotels Metropolitan Hotel brand recognition has come over the years, Metropolitan Hotel has over the years built it up. Actually, we just changed, we were known as the Metropolitan and now we’re Habtoor Hotels. With this change in times, we’ve changed our logo and our image. So we’ve gone from Metropolitan Hotels to Habtoor Hotels, our logo has changed, our vision has changed.
Paris Sorbonne Abu Dhabi
Major General Omar Al Bitar, Vice President of Management Council of Paris Sorbonne Abu Dhabi We’ve decided that this motto is very suitable and applicable to the Sorbonne Abu Dhabi. The Sorbonne is a very ancient university, it is 750 years old, with a heritage and culture that is very rich. We are at a time where we need to encourage dialogue between nations, in accordance with the vision of His Highness the president and Sheikh Mohammed. Upon a visit of His Highness Sheikh Mohammed, the Crown Prince of Abu Dhabi, to France, they decided to boost the relations between France and the UAE, hence Sorbonne Abu Dhabi was born.