Ahli bank wins Best Performing Company award
(Oman Daily Observer
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13/06/2012)
Ahlibank has indeed proved itself to be the No 1 bank in Oman by sweeping the ‘No 1 Best Performing Company’ award at the recently held AIWA Award ceremony at Shangri-La Barr Al Jissah Resort and Spa. Ahlibank topped the list of winners for the second
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Emirates NBD Warehouse Sale kicks off with special Twitter promotions
(AME Info
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13/06/2012)
Emirates NBD, one of the leading banks in the region, announced the launch of the 2012 Emirates NBD Warehouse Sale, which begins Thursday, June 14, and runs until Sunday, June 17, at the Dubai World Trade Centre. As part of this annual event, offering
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National Bank of Abu Dhabi launches smart investment plan
(AME Info
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13/06/2012)
The National Bank of Abu Dhabi (NBAD) has launched a systematic investment plan which allows investors to better plan their future financial needs by investing into a variety of diversified funds spread across multiple geographies and industries as well
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Boubyan Petrochemical realizes KD 24.7 million in profit
(KUNA
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13/06/2012)
Boubyan Petrochemical Company (BPC) announced realizing profit of 24.7 million Kuwaiti dinars for the year ending April 30, 2012, which compares to a sum of KD 22.8 for the previous fiscal year. Share dividend reached 51.1 Kuwaiti fils, compared to last
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‘QNB eyes’ BNP Paribas Egypt retail network
(Gulf Times
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13/06/2012)
France’s BNP Paribas has been approached by Middle Eastern banks, including Qatar’s biggest lender by assets, regarding the possible sale of its Egyptian retail banking franchise, which consists of 67 branches, two people familiar with the matter said.
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Nawras joins forces with eight new merchants
(AME Info
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12/06/2012)
Nawras, Oman's customer friendly communications provider, has welcomed eight new and exciting partners to its Elite Club, offering Gold and Platinum members even more exclusive privileges across the Sultanate of Oman. In addition to the current fantastic
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BBK contributes over BD61,000 to the Bahraini community
(AME Info
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12/06/2012)
In line with BBK's strategic initiatives for a brighter community and its monthly support to various entities, Mr. Abdulkarim Bucheery, BBK's Chief Executive, welcomed at the Bank's Headquarters, representatives from different societies to receive BBK's
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Wataniya CEO resigns; deputy takes helm
(Reuters
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12/06/2012)
The chief executive of Wataniya, Kuwait's No. 2 telecoms operator, has resigned, parent company Qatar Telecom (Qtel) said on Tuesday. Qtel said Scott Gegenheimer left to "pursue other opportunities" and his deputy Abdulaziz Fakhroo has been promoted to
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GFH denies stake sale talks
(Trade Arabia
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12/06/2012)
Bahrain-based Gulf Finance House (GFH) has denied media reports that an investment authority owned by a Kuwaiti government entity had approached it for a controlling stake. "GFH would like to clarify that the story reported in the media yesterday and on
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VIVA sponsors Knowledge Café workshops
(AME Info
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12/06/2012)
VIVA, Kuwait's newest and most advanced mobile telecommunications service provider, has announced that it has recently sponsored and hosted 'Knowledge Café' workshops in Kuwait, featuring internationally renowned guest speaker David Gurteen, an
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Batelco launches My Package+ for postpaid customers
(AME Info
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12/06/2012)
Batelco, Bahrain's leading mobile services provider has introduced a convenient new feature to its My Package service. Customers can now select from three different credit bundles to add to their mobile package. The credit bundles may be used for any
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Daman launches operations in Qatar
(Trade Arabia
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12/06/2012)
The National Insurance Company – Daman (Daman), a leading health insurer in the UAE, is set to offer its services in Qatar with the launch of Daman Health Insurance Qatar (Daman Qatar). Daman Qatar benefits from the experience gained by Daman in the
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Etisalat launches new wellness guide
(Trade Arabia
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12/06/2012)
Etisalat Information Services (eIS), a part of Etisalat Services Holding, introduced its unique new health, beauty and wellness guide, 'Daleel Al Seha,' at the 'Beautyworld Middle East' expo held in Dubai. Daleel Al Seha - which means “the health guide”
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Barwa Bank Supports the 1st Qataris to Climb Mount Kilimanjaro
(Press Release
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12/06/2012)
Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, the sole sponsor and host of a special fund raising gala dinner held to celebrate the return of the two Qatari diving champions, volunteers of Qatar Charity (QC), who
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Zain Bahrain launches Zain Telephone Directory
(AME Info
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12/06/2012)
Zain Directory, a useful compendium of corporate information has been released. The directory is a result of the swift expansion of the Zain BLife corporate services and Zain@work broadband users group. The free directory is available at all 11 Zain
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SIB signs cooperation agreement with UDHS
(AME Info
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12/06/2012)
Sharjah Islamic Bank (SIB) has signed a cooperation agreement with the University Dental Hospital Sharjah (UDHS) to offer financing packages to patients, making it possible to pay treatment fees to the UDHS in convenient installments. The signing
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BankMuscat wins AIWA award
(Oman Daily Observer
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12/06/2012)
BankMuscat, the flagship financial institution in the Sultanate, won the Best Performing Company Award instituted by Alam al Iktisaad Wal A’Mal (AIWA) business magazine. Waleed Al Hashar, Group General Manager — Corporate Services, received the award
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QPIC reports realized net profits of KD 33 million
(Al Watan
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12/06/2012)
Qurain Petrochemicals Industries Company (QPIC) held the Annual General meeting at Al-Shaheed Tower, Sharq. In which QPIC reported to the shareholders realized net profits of KD 33,015,669 and a net earnings of 30.14 fils per share for the 15 month
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Banks approve debt payment delay for Kuwait's Global
(Reuters
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12/06/2012)
Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year. The company,
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KGL records KD 9 million profit, up 20.4% year-on-year
(Al Watan
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12/06/2012)
"We are looking into the aspect of expansion from Kuwait to nearby states such as Saudi Arabia, Qatar, UAE and Iraq. The company also targets the bids offered by the US Government and the NATO Forces in the region. KGL Logistics additionally diversify
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SABIC affiliate Kemya wins environment award
(Arab News
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12/06/2012)
Jubail Petrochemical Company (Kemya), a manufacturing affiliate of the Saudi Basic Industries Corp. (SABIC), has won the Royal Commission for Jubail and Yanbu Environmental Performance Award for 2011. The annual award was presented at a ceremony
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Golden chance for Zain subscribers
(Arab News
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12/06/2012)
Zain KSA has launched its gold raffle for the second year in a row and is offering daily prizes to subscribers. The campaign follows the great success achieved by the gold raffle in its first year during which more than 70 kg of gold was won by
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Bahrain banks propose historic three-way merger
(CPI Financial
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11/06/2012)
Kuwait Finance House - Bahrain (KFH-Bahrain), the Transaction Advisor to Capivest, Elaf Bank and Capital Management House on a potential merger, said that the three Bahrain-based Islamic banks will be voting on the merger in shareholder meetings to be
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Qurain appoints new Vice Chairman and CEO
(AME Info
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11/06/2012)
Qurain Petrochemical Industries Company (QPIC) has announced the appointment of Mr Sadoun Abdulla Ali as Vice Chairman and Chief Executive Officer. Mr Ali was previously Managing Director and Chief Executive Officer of KAMCO - a position he had held
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Etisalat Information Services unveils Daleel Al Seha
(AME Info
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11/06/2012)
Etisalat Information Services LLC (eIS), a part of Etisalat Services Holding, presented its new product Daleel Al Seha - the Health, Beauty and Wellness guide at Beautyworld Middle East 2012 held recently in Dubai. Daleel Al Seha - which means "the
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