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French Version

Business News

YAL appoint GFH as strategic partner
Gulf Finance House (GFH) announced last week that it had been appointed as a Strategic Partner by Young Arab Leaders (YAL), a leading global NGO aimed at creating the appropriate environment for the emergence of a new generation of leaders in the Arab world. The appointment preceded the launch of the 2nd YAL Annual Forum 2006, held in the Dead Sea from November 25 - 27. Commenting on GFH's partnership with YAL, Mr Esam Janahi, CEO and Board Member of GFH and Board Member of YAL, said, "GFH and all its projects and activities are aimed at positively contributing to both the social and economic development of all the markets in which our projects are located. GFH is aware of its social responsibilities to these communities that it contributes to. We strongly believe in mentoring and nurturing youth, as they are our future." Strategic Partners of YAL play a very positive role in realizing its agenda by contributing to YAL's initiatives and programs, which aim to develop the skills of Arab youth and preparing them to take on leading positions.YAL appoint GFH as strategic partner

Hage appointed Janna Spa & Resort GM
Janna Spa & Resort, Jordan's unique national resort in Jordan, has recently appointed Mr Selim El-Hage as General Manager at Janna Spa & Resort, to help in the advancement of the resort, which is one of the most preferred hotels for tourists and Jordanians, equally. Hage appointment comes as part of the resort's restructuring measures, which also coincides with the resort's strategic plan, that is currently implemented. Hage is Lebanese by birth and aquired American nationality, during his career in hotel management in the USA. Hage's experience in the field of hotel management, particularily 5-star hotels, extends to 20 years, where he assumed several positions in different fashionable and luxurious lodging establishments around the world including Turkey, Dubai, Bahrain and Aden. Hage is famous for his strong preservance in carrying out actions as well as his steady efforts. "I believe that there is no finish line for hotel-services and I will strive to provide the best customer hospitality in Janna Spa & Resort," Hage said and added that he is working, along with his team, to help Janna Spa & Resort build, manage and sustain an accurate image of this unique resort.Hage appointed Janna Spa & Resort GM

CAB® licensed restaurant at Amman Marriott
In cooperation with Kaylani Food Center, US Meat Export Federation, a reception to inaugurate the re-introduction of the CAB brand to Jordan was held on Nov. 21at the Marriott Amman Hotel. During the ceremony for the launching of US beef in Jordan, American Ambassador David Hale gave a brief speech about how safe US beef is and the safeguards and surveillance program of the US Department of Agriculture. "US beef is currently being re-introduced to Jordan after its borders reopened to US beef this past summer," says Mark Spengler, CAB international director. "As one of Jordan's finest hotels, only the best would do for their customers—the Certified Angus Beef ® brand." The Library Lounge & Cigar Bar is the only location in Jordan licensed to serve CAB. CAB® licensed restaurant at Amman Marriott

Umniah launches a new service to block incoming calls
As part of the company's on-going strategy to provide its subscribers with optimized mobile technology, Umniah, the latest telecommunications operator in Jordan, announced the launch of a new value-added service, featuring the Block service for the use of its subscribers. The exclusively-introduced service is the first in Jordan and it accedes to the demands of the increasing numbers of Umniah subscribers, who have exceeded 700,000 and allows a wide-range of benefits, which epitomizes the company's diligence to utilizing the most recent technological applications. "Umniah is proud for being the first mobile company in Jordan to launch the Block service, and this conveys our dedication to Umniah subscribers," said Value-Added Services and Data Manager of Umniah, Mr Muhammad Serieh. The Block service is available on all Umniah packages; prepaid and postpaid, where subscribers simply call 1399 to activate the service, which allows them to add up to three numbers at the same time. The Block service is not restricted to blocking Umniah numbers only; it also includes blocking numbers from other mobile networks and land lines.

Showtime Arabia appoints d'Halluin as new President, CEO
Showtime Arabia, a leading Pay-TV station in the Middle East, has announced the appointment of Marc-Antoine d'Halluin to the position of President and CEO. D'Halluin was selected for the role based on his vast experience in the Pay-TV sector, which spans some of the biggest names in the industry. While d'Halluin's most recent role was Chief Executive of the European Pay-TV company, Canal Plus Nordic, he has previously held executive positions with both Fox Kids and Sony Pictures. Chairman of Showtime Arabia, Faisal Al-Ayyar, said, "We are delighted to welcome an executive of Marc-Antoine's caliber to Showtime Arabia. He brings with him extensive experience from the Pay-TV sector, which I am certain, will be of great benefit to the business". D'Halluin commented, "Showtime Arabia is at the forefront of the TV industry in the region and I am excited by the challenge of taking the company to the next level. Pay-TV is an industry I am passionate about and I'm confident Showtime Arabia can achieve world-class results by delivering the best combination of entertainment for all the family.

Alcatel, Lucent receive merger approval
Alcatel and Lucent Technologies announced that they have received approval from the Committee on Foreign Investment in the United States (CFIUS), under provisions of the Exon-Florio amendment, to proceed with their proposed merger transaction. Alcatel and Lucent submitted a voluntary notice of the merger to CFIUS in August 2006. CFIUS prepared a recommendation on the merger transaction to the President of the United States in the final phase of the approval process and the President has accepted the CFIUS recommendation that he not suspend or prohibit the proposed merger transaction, provided that, in time periods specified, the companies execute a National Security Agreement and Special Security Agreement to which they have agreed with US Government agencies. Alcatel and Lucent will execute within the specified time periods the National Security Agreement and Special Security Agreement to which they have previously agreed with US Government agencies.

Tamleek hosts media, announces latest developments
Tamleek Real-Estate and Development recently organized a roundtable event for representatives from both the local and regional media. The event, which was held at the Tanoreen restaurant, was aimed at creating opportunities for Tamleek's management to highlight the latest developments seen in the firm. The event's proceedings were headed by Deputy CEO of Tamleek Real Estate and Development, Mr Hani Arabi, who took this occasion as an opportunity to thank the media representatives for the important role of conveying Tamleek's message and vision to the world. "Our products and services are tailored to each and every client's needs, specifications, and expectations, for we don't see ourselves as providers of real-estate and investment solutions only, but rather as providers of opportunities, as molders of lifestyles and as key players in Jordan's journey towards future development," Arabi said. At present, Tamleek's projects are being received with great enthusiasm by several leading regional and local corporations. "Our Jabal Amman Residence project is our latest source of pride, and it certainly won't be our last, for we feel that it is our mission to continue to create real-estate and investment solutions that adhere to people's day-to-day housing and corporate needs," he added.

The Star

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The 'First Jordan' Card
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Groupe PMR