Commercial Services - News
Tabreed profit rises 6% to Dh345m
(Gulfnews - 02/02/2016)
The National Central Cooling Company, also known as Tabreed, saw its net profit increase by 6 per cent to Dh345 million in 2015, the company announced on Monday. Tabreed said in a statement that the good performance was driven by its sizeable presence ...
Agility signs $235m 3-year loan with five banks
(Reuters - 16/01/2016)
Kuwait's Agility, the largest logistics firm in the Gulf, has signed an agreement for a $235 million loan with five banks, sources familiar with the matter said on Thursday. The facility, structured as a revolving credit facility, has a term of three ...
Tabreed reduces energy consumption by 1.3 bil kilowatt hours in 2015
(Press Release - 13/01/2016)
National Central Cooling Company PJSC (DFM: Tabreed), the regional district cooling utility infrastructure company, has reduced the amount of energy utilized for cooling in the Gulf Cooperation Council (GCC) by 1.3 billion kilowatt hours during 2015. ...
NMDC backs marine, maritime leaders summit
(Trade Arabia - 12/01/2016)
National Marine Dredging Company (NMDC) has pledged its support to the Abu Dhabi Global Summit of Marine & Maritime Leaders, by becoming the diamond sponsor. The summit will be held on January 20 at The St Regis Saadiyat Island Resort in Abu Dhabi and is ...
Opportunities focus of Zain conference
(Gulf Daily News - 01/12/2015)
Demand for mobility, broadband, virtualisation, cloud-based services and enhanced customer experience are drivers for transformation in information and communications technology, experts have said. Speaking during the fifth Zain Technology Conference ...
Agility plans $1bn fundraising to support expansion
(Trade Arabia - 19/11/2015)
Kuwait's Agility, the largest Gulf Arab transport logistics company, plans to raise around $1 billion to fund future growth across its business, the chief executive told Reuters in an interview on Wednesday. The company is focusing on diversifying its ...
Agility revenue to double by 2020 says CEO
(Trade Arabia - 21/10/2015)
Kuwait's Agility, the largest Gulf Arab transport logistics company, expects revenue to more than double in the next five years as it focuses on emerging markets, its chief executive said. The company is one of Kuwait's corporate success stories but has ...
Zain Bahrain Q3 profit rises 91 pct as it cuts costs, data rises
(Reuters - 20/10/2015)
Mobile operator Zain Bahrain reported a 91 percent rise in third-quarter net profit on Monday as it attracted more data customers and it cut costs. The company, majority-owned by Kuwait's Zain, made a profit of 1.34 million dinars ($3.55 million) in the ...
Zain Group’s B2B Enterprise Forum declared big success
(Gulf Daily News - 04/10/2015)
Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, has described its inaugural B2B forum as a big success. The two-day B2B Enterprise Forum, which drew senior executives from all of the group’s operating ...
Zain-Uber in key accord
(Gulf Daily News - 10/09/2015)
Zain Group has entered into a group-wide agreement with Uber to offer Zain customers discounted and preferential services when using the Uber platform. The partnership between Zain and Uber – the first of its kind in the region – is currently effective ...
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