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SAR528m deal for port development

Ports Development Company (PDC) and Banque Saudi Fransi (BSF) have signed agreements governing a SAR528 million murabaha bridge financing for the expansion of King Abdullah Port, the first privately developed and operated port in the Kingdom.
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UAE hotel prices jumped 10.6% in April

Average daily hotel rates in the United Arab Emirates shot up 10.6 per cent to USD283.65 (AED1,041) in April, according to global consulting firm, STR Global.
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DIARY-Islamic Finance to December 31

Items marked ** denote new or amended listings WEDNESDAY, MAY 28 UK - The Annual Intellectual Symposium of Islamic Financial Economics Details: http://www.eco-ena.ca/islamic-symposiums.html TBD, JUNE MALAYSIA - The World Takaful Conference: Asia Leaders...
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A hotel for pilgrims at Haj terminal

An exclusive hotel will finally be opened Tuesday for pilgrims who miss their flights at the Haj terminal of King Abdulaziz International Airport (KAIA).
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Jeddah extravaganza to attract 1 million visitors

The Jeddah annual summer festival will kick off on June 5 and is expected to attract over a million visitors from the Kingdom and Gulf.
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Jazeera Airways to take A320 delivery

Jazeera Airways Group announced on Sunday that it will take delivery of an Airbus A320 later this month as part of a 2005 order for 15 of the aircraft.
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