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- Yamama Cement to upgrade production line being moved to new plant site
- Arabian Cement forecasts rise in cement demand in Saudi Arabia
- Microsoft laying off several thousand employees
- QSE index closes higher
- Bahrain All Share Index, Islamic Index close higher
- Abu Dhabi's hotel revenues surge to $230m in April
- Gulf Bank launches Bug Bounty and Vulnerability Disclosure Program
- Burgan Bank signs partnership with SAP to deploy SuccessFactors HRM system
- Al Mudhaibi Industrial City signs two investment agreements worth OMR5.75 million
- OPAZ invites bids for phase one of Al Rawdah water drainage project
29/06/2009 00:00 AST
HSBC Holdings Plc said its MENA Infrastructure Fund acquired 32.8 percent of United Power Co. of Oman for $26.5 million from GDF Suez.
MENA Infrastructure is a buyout fund sponsored by HSBC, Waha Capital and Dubai International Capital, it said in an e- mailed statement today. United Power's shares trade on the Muscat bourse.
The acquisition of the United Power stake is the fund's second investment after taking a stake in Egypt's Alexandria International Container Terminals in 2008, it said.
Bloomberg
23/10/2012
United Power Company has decided to distribute 10 per cent cash dividend (100 baisas per share) to the shareholders registered in the company's shareholders register at the end of trading day of Nove
Times of Oman
30/06/2009
A regional infrastructure fund led by HSBC Holdings yesterday said it bought a 32.8 per cent stake in an Omani power project from French utilities giant GDF Suez.
The Mena private equity
Times of Oman
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As part of Gulf Bank of Kuwait long-term vision to enhance cybersecurity and in line with its strong commitment to protect its customers' data and digital systems from potential threats and hackers,
Kuwait Times
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Kuwait Times
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Commercial Bank, a leader in innovative digital financial solutions, has been recognised as the 'Most Innovative Use of AI Technology - Banking - Qatar 2025' by International Finance.
Commer
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Meeza, Qatar's leading Managed IT services and data centres provider, has signed a strategic long-term agreement valued at more than QR350mn with a global hyper-scaler, marking a major milestone in i
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United Development Company (UDC), the master developer of The Pearl Island and Gewan Island, has been honoured with four out of six prestigious international accolades in environment and sustainabili
Gulf Times
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