The original Murabaha loan was secured in 2009 to back the company's network expansion, with two tranches consisting of $775 million and SAR 6.46 billion ($1.72 billion). The company, an affiliate of Kuwait's Zain, extended the maturity for the deal -

As part of its commitment to fostering sports in the Kingdom, Batelco Staff Centre is organising an Open Darts Tournament, for the second year in a row, at Batelco Headquarters in Hamala. The Open Tournament will run from March 24 until 30 with games

Etisalat Facilities Management (eFM) said it has selected a a low cost solution from Energy Management Services (EMS), a key provider of energy efficiency solutions, to help improve its operational efficiencies. A business unit of Etisalat Services

Ajman Bank, an award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, announced that it has achieved a 35% Emiratization ratio at the end of December 2011, recording one of the highest

Galfar Engineering and Contracting Company, the Sultanate’s biggest contracting firm, has secured a contract worth RO139 million for the construction of the first phase of Al Batinah South Expressway. The company’s shares shot up by 8.72 per cent to

The Youth Company, the first youth-run Social Enterprise in Qatar, is pleased to announce yet another inspiring initiative, the Youth Change Everything Conference, set to take place on Friday 2nd and Saturday 3rd of March. The two-day event will focus on

Mideast private equity firm Abraaj Capital says it is in talks to buy the oilfield service businesses of TransAtlantic Petroleum. Dubai-based Abraaj said Tuesday it is pursuing the bid for the Viking International Limited and Viking Geophysical Services

United Gulf Bank (UGB), the investment banking and asset management subsidiary of Kipco Group, managed to strengthen its balance sheet last year despite testing times for the sector. The bank retained a strong balance sheet with total equity of $603.2

BBK has arranged and underwritten a term loan and working capital facilities for the W J Towell Group, one of the leading business groups in Oman. "We are very pleased to be providing significant credit facilities to W J Towell," said BBK chief executive

Capinnova Investment Bank, the Sharia-compliant investment banking arm of BBK, went comfortably back into the black last year. The bank yesterday reported a net profit of $86,000 for the fourth quarter compared with a net loss of $2 million for the same

The UAE and Pakistan will soon find an amicable solution to a standoff on final payment of a $2.6 billion telecom deal under which Emirates Telecommunication Corporation, or etisalat, acquired 26 per cent stake in Pakistan Telecommunication Company

Burgan Bank announced yesterday that ‘Brand Finance’ – the international brand valuation company- rated Burgan Bank brand as AA with positive outlook. The rating places Burgan Bank Brand at 2nd amongst the most valuable banking brands in Kuwait. The

Commercial bank announces the results of the Ordinary General Assembly Meetings held on 27th February 2012, it endorses all items on its agenda and approves the distribution of 60% cash dividend. The Shareholders heard the Chairman s Statement and the