Commercial Services - News
Zain deploys Ericsson’s innovative Radio Dot System in Bahrain
(Press Release - 19/04/2015)
n a ceremony which took place during the recent Mobile World Congress week in Barcelona, Spain, Ericsson (NASDAQ:ERIC) and Zain have announced a partnership which will see Ericsson’s state-of-the-art Radio Dot System deployed in Bahrain. The solution is ...
National Marine Dredging posts 57% decline in profit
(The National - 15/04/2015)
Abu Dhabi’s National Marine Dredging (NMDC) blamed falling oil prices and regional instability for a 57 per cent slump in annual profits last year, but insisted it could find “a huge turn around” in its fortunes in the coming years. The company – whose ...
OIFC’s subsidiary money exchange commences operation
(Times of Oman - 07/04/2015)
Oman Investment and Finance (OIFC) on Monday said that Wasel Exchange, its wholly owned subsidiary, started operations of its head office and first branch in Ghala. OIFC last year said that the new company will have a capital base of OMR1.5 million. The ...
Agility reports KD 13.04mln in profits for Q3 of 2014
(KUNA - 30/03/2015)
The Kuwaiti leading logistics group Agility, reported Wednesday KD 13.04 million in profit for third quarter of 2014, or 11.90 fils per share, an increase of 7 percent from the same period in 2013. In a press statement, the Group stated that the ...
Renaissance Services invests heavily into ICV
(Oman Daily Observer - 24/03/2015)
Renaissance Services has said that as per its In-Country Value initiatives, RO 28.7 million has been spent on Omani goods and services, while 51.4 per cent of the total spend has been on ICV. The company said RO 95,000 has been invested in training with ...
In-country value an integral part for Renaissance
(Times of Oman - 23/03/2015)
Spending by Renaissance Services within Oman for local goods and services touched OMR28.7 million in 2014, representing 51.4 per cent of the company's total expenditure. The in-country value (ICV) programme is an integral part of Renaissance's value ...
Zain-Microsoft launch payment facility
(Gulf Daily News - 20/03/2015)
Zain Bahrain has, in partnership with Microsoft, launched Zain Pay, a direct mobile operator billing facility for the Windows Phone Store. The first-of-its-kind initiative in Bahrain will now enable Zain customers to charge their app purchases, including ...
Tabreed approves 5 fils per share dividend
(WAM - 13/03/2015)
Shareholders of National Central Cooling Company (Tabreed), the Abu Dhabi-based district cooling utility company, approved a cash dividend of five fils per share at the company’s Annual General Assembly (AGA). The Annual General Assembly was chaired by ...
Agility plans up to $100m Africa spend this year
(Reuters - 19/02/2015)
Kuwait-listed logistics firm Agility plans to spend up to $100 million this year on its expansion plans, with Africa the main target of its investment, a senior executive said. Among the target markets for the company's expansion would be Ghana, ...
Tabreed reappoints Ridlington as CFO
(Reuters - 11/02/2015)
Dubai-listed Tabreed has reappointed Steve Ridlington as chief financial officer after a four-year hiatus abroad, the UAE utility said on Wednesday. Ridlington, who was CFO from 2009 to 2011, will return to Tabreed - formally called National Central ...
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