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Bank ABC wins global award for rebranding
(Gulf Daily News - 31/05/2016)

Bahrain-based Bank ABC has won an award at the International Transform Awards Mena 2016 held in Dubai. The bank which carried out a comprehensive rebranding exercise in 2015 won the Silver prize for “Best Visual Identity” in the financial services sector

QNB ‘cautiously optimistic’ on GCC equities
(The Peninsula - 31/05/2016)

QNB, the region’s largest lender, said yesterday it was cautiously optimistic about the short term investment outlook in the GCC capital markets following the recent changes in macro environment. QNB’s outlook for GCC equities is ‘positive to neutral’ .

STC enters new deal with Intelsat to boost Broadband growth
(Trade Arabia - 31/05/2016)

Saudi Telecommunication Company (STC) has expanded its relationship with Intelsat with the signing of a new contract for satellite services on Intelsat 15. The additional connectivity from Intelsat 15 will enable STC, the largest telecom operator in

UDC to sell Pearl-Qatar tower
(Trade Arabia - 31/05/2016)

United Development Company (UDC), a leading Qatari public shareholding Company has signed a memorandum of understanding (MoU) for the sale of AQ-02 office tower, one of two iconic commercial buildings situated at the entrance of The Pearl-Qatar within

ADFG and Bahrain’s GFH to launch Islamic bank in Abu Dhabi
(Gulfnews - 31/05/2016)

Abu Dhabi Financial Group (ADFG) and Bahrain’s GFH Financial Group are jointly setting up an Islamic bank in Abu Dhabi’s new financial free zone with initial capital of $100 million, ADFG’s chief executive told Reuters on Monday. Privately-owned

Du to use blockchain for health records
(The National - 31/05/2016)

Du has announced a pilot scheme using blockchain, the technology behind the digital currency Bitcoin, for a safer common system for the sharing and verification of electronic health records between hospitals and clinics. The pilot scheme, to be rolled

Aldar develops the heart of Abu Dhabi’s vision
(The National - 31/05/2016)

The sleek, modern luxury of the Yas Acres’ sales centre on Yas Island is a throwback to the glory days of real estate eight or nine years ago. Except there is a very 2016 feel to it all. The 1,315-villa project’s every detail is shown to prospective

Doha Bank CEO bags 'Green Economy Visionary Award'
(Khaleej Times - 31/05/2016)

The 2016 Union of Arab Banks, or UAB International Banking Summit honoured Dr R. Seetharaman, CEO of Doha Bank with the 'Green Economy Visionary Award' on Monday in Rome. He received the award from Mohammed Jarrah Al Sabah, chairman, Union of Arab Banks,

Americana’s sale to consortium scrapped
(Saudi Gazette - 31/05/2016)

Kuwait’s Al-Kharafi family has scrapped a sale of a majority stake in Kuwait Food Co (Americana) to a Gulf-based consortium ending months of talks over the multibillion-dollar deal. Americana, which owns the franchises for fast food chains KFC and

Jadwa Saudi Equity Fund named as ‘Best Saudi Equity Fund’
(Saudi Gazette - 31/05/2016)

Jadwa Investment, a leading Saudi Arabian investment management and advisory firm, recently received new recognition for its investment performance with the selection of its Saudi Equity Fund as the “Best Saudi Equity Fund” and “Best Shariah Compliant

Jakarta talks focus on Alwaleed’s investments
(Arab News - 31/05/2016)

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), visited Jakarta and met Indonesian President Joko Widodoin. Retno L. P. Marsudi, minister of foreign affairs, Prof. Dr. Pratikno, minister of state secretary, Sudirman Said, minister

SABIC agrees petrochemicals project with China’s Shenhua
(Arab News - 31/05/2016)

Saudi Basic Industries Corp. (SABIC), one of the world’s largest petrochemicals groups, said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China. SABIC said in a statement the joint

Investcorp announces sale of GL Education
(Oman Daily Observer - 30/05/2016)

Bahrain-based Investcorp, an alternative investment manager, has agreed the sale of GL Education to private equity firm Levine Leichtman Capital Partners. The sale and acquisition prices were not disclosed, however a statement said Investcorp was advised

Qatar First Bank announces completion of Leinster Square development
(The Peninsula - 30/05/2016)

Qatar First Bank (QFB)announced the completion of 7-12 Leinster Square, a residential real estate development in Leinster Square in London. QFB made the announcement at the QFB & JLL seminar titled “London Real Estate Forecast” held at QFB’s private

Ooredoo launches fastest 1Gbps fibre plan
(The Peninsula - 30/05/2016)

Ooredoo yesterday launched its new 1Gbps Fibre plan, the fastest Internet service available in Qatar, as the company continues to upgrade its nationwide Ooredoo Supernet. With the launch of 1Gbps Fibre, Qatar has joined the champions’ league to become

Alba Line 6 capex down to around $3bn
(Trade Arabia - 30/05/2016)

Aluminium Bahrain (Alba), the Bahrain-based international smelter, announced that the capex associated with Line 6 Expansion Project was brought-down from $3.5 billion to around $3 billion. As per the initial bankable feasibility study, the capex for

Qatar National Bank says closes syndication of 2.25b-euro 3-year loan
(Gulfnews - 30/05/2016)

Qatar National Bank/s (QNB) has closed the syndication of a 2.25 billion euro (Dh9.21 billion, $2.50 billion), three-year loan, it said on Sunday. The loan facility, in which 14 banks participated, was increased from 1.5 billion euros due to “strong

Trading of DIB rights issue between May 30 and June 13
(Gulfnews - 30/05/2016)

Dubai Financial Market (DFM) said on Sunday that the rights issue of Dubai Islamic Bank is due to be tradable on the exchange between May 30 until June 13. The opening price of the rights issue has been set at Dh1.98 based on the company’s adjusted share

Etisalat, Huawei collaborate to deliver 10Gbps broadband service
(Gulfnews - 30/05/2016)

Telecom operator Etisalat UAE have partnered with Huawei to announce the successful launch of a new fibre-to-the-home (FTTH) solution to provide 10Gbps broadband service. Consumers today require high internet speeds for real-time 4K video streaming,

Noor Bank issues $500m sukuk
(The Gulf Today - 30/05/2016)

Noor Bank has successfully priced its debut perpetual $500 million Tier 1 capital issuance.In the midst of multiple regional issuers on the road looking to raise capital market funding, Noor Bank was able to print its inaugural AT1 Sukuk at a very

Bahri expands European presence with appointment of General Agent in S
(Saudi Gazette - 30/05/2016)

Marking a new milestone in its 38-year history, the National Shipping Company of Saudi Arabia (Bahri) has further extended its global footprint with the appointment of Cantabrian Integrated Logistic Services (CILS) as its General Agent in Spain. The move

Zain in push to grab leading role in digital lifestyle sector
(Gulf Daily News - 29/05/2016)

Zain Bahrain is making a pitch to grab a leading role in the “digital lifestyle”, says the company’s marketing director Roland Loestcher. Responsible for the company’s strategic and tactical marketing activities, Mr Loestcher told the GDN in an

QNB ‘successfully closes’ syndication of €2.25bn,3-year senior Euro te
(Gulf Times - 29/05/2016)

QNB has “successfully closed” syndication of its three-year €2.25bn senior unsecured Euro term loan facility, the leading financial institution in the Middle East and Africa region said yesterday. The facility was upsized from €1.5bn due to strong market

QIC Insured introduces automated online motor claims management
(The Peninsula - 29/05/2016)

QIC Insured, the retail arm of QIC, Qatar’s leading insurer, has launched an automated online motor claims management service. With this new service, customers can register their motor claims following an accident whether it’s a comprehensive or Third

Qatargas honours over 500 employees
(The Peninsula - 29/05/2016)

More than 500 Qatargas employees were recognised at a recent event for their outstanding performance and continuous years of service to the company. The annual event, which is held to acknowledge the commitment and dedication of Qatargas employees,

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