DUBAI, 19 November 2006 — i2 the largest and most diverse mobile provider in the Middle East and Africa launched the first 24 hour television station in the world dedicated to mobile technology for mobile users across the region. i2 decided to its one of a kind customer touch point as part of its customer focused expansion plan. i2 TV airs on Nile Sat 103 and is accessible by all mobile users in the Middle East. “i2 TV is the first television station in the world that is dedicated completely to mobile telecommunication and technology. We’ve state of the art production equipment, making us the first TV station in the region to run without the use of tapes,” Izzat Kittaneh, managing director of i2 TV, said.
DIB Receives New Ratings
DUBAI, 19 November 2006 — Dubai Islamic Bank (DIB) announced yesterday that it has received A1/Prime-1 foreign currency issuer ratings. All ratings carry stable outlooks. According to Moody’s, “DIB’s foreign currency issuer ratings are based on the bank’s adequate intrinsic safety and soundness and DIB’s systemic importance as the largest Islamic bank in the UAE.” The Moody’s report stated that rating assigned to DIB reflects its strong franchise as a leading Islamic financial institution and its satisfactory financial fundamentals.” Saad Abdul Razak, CEO of DIB said: “Moody’s A1/ Prime-1 rating is another feather in DIB’s cap. This rating comes close on the heels of Standards & Poor’s assigning ‘A’ long term & ‘A1’ short-term rating. It shows that DIB’s vision, mission, strategic direction and policies are delivering the desired results.”
BSA Opens New Office at DIFC
DUBAI, 19 November 2006 — Bin Shabib & Associates (BSA) yesterday announced the formal opening of its new offices in the Dubai International Financial Center (DIFC). As the first UAE based law firm to have been registered by the DFSA to operate out of DIFC as an Ancillary Service Provider, BSA is now based in the region’s international financial hub amidst other leading international and local companies. The firm is led by founding partner Dr. Rashid ibn Shabib, a prominent figure in Dubai’s business circles, and managing partner, Jimmy Haoula, who both possess a strong legal background following their extensive experience at Clifford Chance.
Real Estate Portal Launched
DUBAI, 19 November 2006 — Tamweel and Tejari two of the leading corporate innovators in the region, yesterday launched Simsari.com, a real estate portal that will revolutionize the way property is bought and sold in the UAE. Simsari.com will provide an online marketplace for property developers, brokers and private individuals to buy and sell residential and commercial property. The portal is a unique venture that draws on Tejari’s expertise and experience in e-commerce and Tamweel’s strength and reputation for innovation in property finance, to create an easy to use, trustworthy and profitable online marketplace for real estate. The launch of Simsari.com marks the first major collaboration between major property developers in the UAE, with founding partners including Nakheel, Tamweel, Dubai Properties, Sorouh and Tejari.