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- Gulf Bank loan book grew 3.8% in H1 2025 driven by its corporate portfolio
- ABK reports 9% y-o-y growth in net profit to KD 31.73 million for H1 2025
- Burgan Bank reports stable financial performance for H1
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- Beyon's revenue surges 9pc in H1; net profit hits $93m
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16/05/2025 05:51 AST
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The agreement was formalised on the sidelines of the Oman Petroleum & Energy Show (OPES) and Oman Sustainability Week (OSW) 2025. This partnership is set to reinforce Abraj's position as a reliable and leading partner in Oman's oil and energy sector.
The contract also reflects Abraj's continued commitment to operational excellence, occupational safety, and the delivery of innovative services and solutions that support and advance the energy sector in Oman.
In a statement to Oman News Agency, Eng Saif bin Said al Hamhami, CEO of Abraj Energy Services, said, "We are proud of this strategic partnership with BP Oman to provide a drilling rig in Block 61, building on a collaboration that has spanned more than a decade in the drilling services sector. This marks a new milestone in our efforts to expand our operational reach and strengthen our presence in the local market through high-quality, impactful projects."
Hamhami added that the agreement demonstrates the strategic partners' confidence in Abraj's efficiency and capability to deliver safe, effective operational solutions that adhere to the highest international standards.
He emphasised the company's steadfast commitment to maximising in-country value, investing in the development of national talent, and enhancing operational sustainability.
Muscat Daily
30/07/2025
Abraj Energy Services, Oman's leading oil and gas services provider, on Tuesday announced the signing of significant contracts with Petroleum Development Oman (PDO) to provide six state-of-the-art la
Muscat Daily
07/05/2025
Abraj Energy Services, Oman's leading oil and gas services provider, has announced the award of a significant new contract by BP Exploration (Epsilon) Limited, marking a renewed collaboration between
Muscat Daily
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31/07/2025
Gulf Bank held its first half 2025 earnings webcast on Tuesday, July 29, 2025, to present and discuss the Bank's financial performance. The webcast was organized by EFG Hermes and presented by David
Kuwait Times
31/07/2025
Al-Ahli Bank of Kuwait (ABK) proudly announced its robust financial results for H1 2025, once again affirming its position as a leading financial institution.
Financial performance
Kuwait Times
31/07/2025
Burgan Bank ("Burgan" or "the Bank") announced its financial results for the first half of 2025 (H1'25), for the period ending June 30, 2025. The results indicate continued operational progress and c
Kuwait Times
31/07/2025
Investcorp Capital, an investor in alternative investment opportunities within private markets, has announced the appointment of Sana Khater as its new Chief Executive Officer effective September 1.
Trade Arabia
31/07/2025
Leading Bahrain technology group Beyon has delivered solid results for the first six months of 2025 with its revenue surging by 9% to hit BD242.8 million ($644 million), while its net profit attribut
Trade Arabia
Financial Information Co.
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