Commercial Services - News
Zain Bahrain gains down 6.7pc to $5.4m
(Trade Arabia - 12/08/2015)
Zain Bahrain has reported a 6.7 per cent decrease in net profit at BD2.07 million ($5.49 million) for the first half of the year, compared with BD2.22 million for the same period last year. In a statement, the telecom firm said revenues for the same ...
New Suez channel helps to turn around National Marine Dredging
(The National - 11/08/2015)
National Marine Dredging Company (NMDC), which was instrumental in delivering the New Suez Canal on time, has reported a significant turnaround in its fortunes for the second quarter. It made a profit of Dh45 million, compared with a loss of Dh117m in ...
5G services ‘needed to meet surging demand’
(Gulf Daily News - 06/08/2015)
Manama: Telecom operator Zain Bahrain expects superfast 5G mobile services to be available in the country within the next two to three years, a top company official has said. Zain Bahrain technology director Hamad Al Rumaihi told the GDN that 5G – ...
Tabreed's H1 profit rises on lower costs
(Khaleej Times - 24/07/2015)
National Central Cooling Company, or Tabreed, posted a three per cent net profit growth in the first half to Dh153 million on the back of lower finance costs and new business growth. The district cooling utility infrastructure company said core chilled ...
Adnec signs partnership deal with Agility
(Trade Arabia - 12/07/2015)
Abu Dhabi National Exhibitions Company (Adnec) said it has signed a five-year strategic partnership deal with Agility’s Fairs and Events, a division of Agility Global Integrated Logistics. Kuwait-based Agility is one of the largest integrated logistics ...
Tabreed completes $272m convertible bonds buyback
(Arab News - 08/07/2015)
DUBAI: National Central Cooling Co. (Tabreed) has completed the repurchase of convertible bonds worth 1 billion dirhams ($272 million) from a unit of Abu Dhabi fund Mubadala, the company said in a bourse filing on Monday. The bonds were held by MDC ...
Renaissance shareholders approve bond buyback scheme
(Times of Oman - 07/07/2015)
Shareholders of Renaissance Services have approved the company’s Mandatory Convertible Bonds (MCB) buyback scheme and the issuance of perpetual notes to buyback the MCBs at an extraordinary general meeting here on Monday. Renaissance held meetings with ...
Renaissance shares resume trading on Muscat bourse
(Times of Oman - 30/06/2015)
Oman’s Muscat Securities Market (MSM) resumed trading of Renaissance Services shares on Monday, revoking an earlier trading suspension clamped on Thursday afternoon. Renaissance Services last week announced that BP had awarded its Consolidated Camp ...
Renaissance confident of meeting long-term growth
(Times of Oman - 29/06/2015)
Renaissance Services is an Omani multinational firm listed firm on the Muscat Securities Market (MSM), with a strong presence in oil servicing field. The company’s chief financial officer (CFO) Vishal Goenka talks to Times of Oman on the company’s ...
Topaz eyes expansion into South America
(Times of Oman - 28/06/2015)
Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price, its chief executive said.
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