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- Bahrain All Share Index, Islamic Index close lower
- Omantel launches "Otech" as provider of technologies of future, enabler of digital transformation
- Three industrial projects begin operations in Salalah Free Zone with investments exceeding OMR5 million
- NBK concludes Its Participation in the Innovation Challenge Program
- Oman signs concession agreement for Offshore Block (18)
- Batelco by Beyon, GCCIA extend partnership to strengthen regional connectivity
- Adnoc Drilling net profit tops $1.45b as it sets sights on regional expansion
- Investcorp Capital H1 operating income up 16% to $52m
- Taqa records total net income of Dh7.5 billion for 2025
- Oil prices tumble more than $1 as IEA cuts demand forecast
22/08/2013 08:58 AST
Kuwait's Combined Group Contracting Co on Wednesday denied a local newspaper report that it was involved in merger negotiations with Dubai builder Arabtec Holdings.
Kuwaiti newspaper Al-Qabas said Arabtec, part-owned by Abu Dhabi state investment firm Aabar, was in merger talks with Combined Group and Saudi Arabia's Saudi Oger. It cited unnamed sources.
"We are not related to this issue at all...We did not approach anyone and no one from Arabtec offered anything...There is not even an intention in this regard," an executive at the company said, declining to be named.
Saudi Oger officials were not available for comment.
Arabtec Holdings is considering a merger with the largest contractors in Saudi Arabia and Kuwait to create a pan-Gulf construction firm, the firm's chief executive told CNBC's Arabic news channel without specifying company names.
Reuters
02/12/2025
Kuwait-based Combined Group Contracting (CGC) has announced that it has been awarded two key projects worth KD59.7 million ($194 million) by Kuwait Oil Company (KOC) at its refinery facilities in in
Trade Arabia
04/06/2025
Kuwait-based Combined Group Contracting (CGC), a leading player in the Arab Gulf's contracting sector, has announced that it key subsidiaries have secured contracts worth $338.3 million from across t
Trade Arabia
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13/02/2026
Omantel yesterday launched "Otech," the Provider of Technologies of the Future and Enabler of Digital Transformation. This move comes as part of national efforts to accelerate digital transformation
Times of Oman
13/02/2026
The National Bank of Kuwait concluded its participation in the Innovation Challenge Program, organized by the Kuwait Foundation for the Advancement of Sciences, for the tenth consecutive year, in col
Kuwait Times
13/02/2026
Batelco by Beyon has announced the renewal of its strategic partnership with the Gulf Cooperation Council Interconnection Authority (GCCIA) during Capacity Middle East.
This renewal undersc
Trade Arabia
13/02/2026
Adnoc Drilling reported its strongest year on record in 2025, posting a net profit of $1.45 billion as the company accelerated its regional expansion, ramped up technology-driven efficiencies and del
Khaleej Times
13/02/2026
Investcorp Capital (ICAP), an Abu Dhabi Securities Exchange (ADX)-listed alternative investment company founded by the Investcorp Holdings group, reported a total operating income of $52 million, an
Trade Arabia
Financial Information Co.
Saudi Arabia