Following their recent licensing by the Qatar Financial Markets Authority (QFMA), Qatar National Bank and Standard Chartered Bank have now respectively signed a Depositary Agreement with Qatar Exchange to start Custody activities, raising the number of

Saudi Electricity Company said its net profit for the second quarter rose 2 percent to hit SR1.36 billion ($363 million) compared to SR1.34 billion in the same period last year, due to higher energy sales. Electricity in the world's top oil exporter is

National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of 431.2 million US dollars (120.8 million Kuwaiti dinars) for the first half of 2012 compared with $523.5 million (KD 146.7 million)

Saudi Telecom Co. (STC), the Gulf's No.1 telecoms operator, reported a 6.7 percent rise in second-quarter profit yesterday, beating analysts' estimates. It attributed the profit growth to an increase in its domestic broadband, business services and

Mobile Telecommunications Company Saudi Arabia (Zain KSA) announced yesterday net loss during the second quarter amounted to SR 394 million, as compared to SR 448 million for the same quarter last year, which represents a decrease in net loss of 12

Zamil Industrial Investment Company (Zamil Industrial) has announced its consolidated interim financial results for the period ending June 30, 2012. Net profits for the second quarter of 2012 were SR 55.8 million, compared to SR 48 million during the

The Saudi petrochemical sector clearly faces potentially growing challenges as the global demand outlook darkens, a Kingdom-based analyst warned yesterday as Saudi Basic Industries Corp. (SABIC) posted a 35 percent decline in second-quarter profit. The

Etisalat, the leading telecom operator in the UAE, has started SIM card registrations for its customers in line with a new campaign launched by the UAE’s Telecom Regulatory Authority (TRA). All channels and points of sales have been provided with new

Mashreq has announced special Ramadan offers for cardholders through its ‘Mashreq Flavours’ dinning programme which includes discounts of up to 25 per cent with over 500 participating restaurants across the country. The offer also includes discounts of

Commercial Facilities Company (CFC) announced its new working hours during Ramadan. The CFC branches will open from 10:00 am to 3.30 pm, Sundays to Thursdays. CFC is all ready to receive clients' requests, facilitate their transactions and installments

Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, reported a 35-per cent drop in quarterly profits on Wednesday due to lower prices and production, missing analysts' estimates. Sabic, which is 70-per cent

Samba Financial Group, Saudi Arabia’s second-largest bank by market value, plans to issue a dividend of SR0.80 ($0.21) per share for the first half of 2012, Eisa Mohammed Al-Eisa, the Group’s Managing Director and CEO, said Tuesday. "The board of

VIVA, Kuwait's newest and most advanced mobile telecommunications service provider, has announced its sponsorship and involvement in the 33rd Annual Al Roudan Indoor Football Tournament, which will be held during the Holy month of Ramadan. At the Al