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Aramco awards contracts for Haradh & Hawiyah Gas development projects
(Press Release - 30/11/2017)

Saudi Aramco awarded three site development contracts to Mofarreh Alharbi & Partners as part of the company’s Gas Compression Program in Haradh and Hawiyah. Fahad Al-Helal, Saudi Aramco vice president for project management, signed the contracts on

Aberdeen oil services giant highlights strong relationship with Aramco
(Herald Scotland - 30/11/2017)

WOOD Group has been enlisted to help Saudi Arabia’s efforts to develop the country’s industrial capacity and skills base. The Aberdeen-based engineering giant has agreed a Memorandum of Understanding with state-owned oil firm Saudi Aramco. It said this

Ballast-Check 2 Approved by Aramco for Indicative Compliance Testing
(Press Release - 30/11/2017)

Following detailed scientific and technical evaluation by the Environmental Protection Department of Saudi Aramco, the Turner Designs’ Ballast-Check 2 Handheld PAM Fluorometer (USA) is approved as a valid Ballast Water Sampling Instrument. Saudi Aramco

SABIC adds unique PP ultra melt strength resin to its global portfolio
(Press Release - 30/11/2017)

Close collaboration with our partners in the value chain has enabled SABIC to build up a large bank of knowledge on foaming technologies, and to develop a dedicated, diverse global foam portfolio, applicable in almost all industrial applications. SABIC

Al Khaliji general assembly okays amendments to AoA, election policy
(Gulf Times - 30/11/2017)

Al Khalij Commercial Bank (Al Khaliji) held its deferred ordinary and extraordinary general assembly meetings at the Marriot Marquis yesterday. At the ordinary general assembly meeting, the shareholders discussed and adopted the board nomination and

Hong Kong listing would help Aramco with huge Chinese demand for IPO
(Times of Oman - 30/11/2017)

Hong Kong Exchanges & Clearing (HKEX) Chief Executive Charles Li said a Hong Kong listing by Saudi Aramco would help the oil giant to anchor huge Chinese demand for its planned IPO. "It's going to provide compelling benefit because they are able to use

QInvest participates in QU’s annual Finance & Economics Day
(The Peninsula - 30/11/2017)

The College of Business & Economics at Qatar University hosted QInvest, Qatar’s leading private investment group, as part of its annual Finance and Economics Day. The event was held under the patronage of Dr Khaled Shams, Dean of The College of Business

Etisalat to charge customers Dh25 as late-payment fee
(Gulfnews - 30/11/2017)

Etisalat is going to charge Dh25 as late payment fees from next month if a subscriber does not pay the bill in full before the due date. Some customers have received SMSs and emails from etisalat's customer care on Wednesday. An etisalat customer care

Dubai Investments raises foreign ownership cap
(The Gulf Today - 30/11/2017)

Dubai Investments (DI), the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from the existing 35 per cent to 49 per cent. A proposal to this effect was approved by

Wood and Saudi Aramco sign MoU supporting in-country opportunities
(Press Release - 29/11/2017)

Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia. The MoU supports Saudi Aramco’s In-Kingdom

FAB becomes first UAE bank to sign up to UN Global Compact
(WAM - 29/11/2017)

First Abu Dhabi Bank, FAB, has become the first UAE bank to sign the United Nations Global Compact (UNGC), a UN policy initiative encouraging businesses worldwide to adopt sustainable and socially responsible policies. The UN Global Compact is the

Gulf Interchem to build by-product recycling plant for Sadara
(Reuters - 29/11/2017)

Sadara Chemical, a joint venture between Saudi Aramco and DowDuPont, said on Tuesday that Bahrain-based Gulf Interchem plans to build a by-product recycling plant near Sadara’s complex in Jubail. “Gulf Interchem will build an integrated treatment plant

Emirates Islamic launches savings campaign
(Press Release - 29/11/2017)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of a new savings campaign that will allow customers to earn up to 200,000 bonus Skywards Miles. From November 5 – December 31, 2017, new and existing

Amlak redeems $27m from Mudaraba instrument
(Trade Arabia - 29/11/2017)

Amlak Finance, a leading specialised real estate financier in the Middle East, said it has redeemed an additional Dh100 million ($27.2 million) of a Mudaraba instrument worth Dh1.3 billion ($353 million) as part of its restructuring plan. With this move,

QIIB hosts Voltaire School students
(The Peninsula - 29/11/2017)

Qatar International Bank (QIIB) has hosted a group of students from Voltaire School as part of the bank’s Corporate Social Responsibility commitment, recently. At the QIIB, the students were introduced to various aspects of Islamic banking, banking

Ooredoo, QBIC launch master classes in innovation & entrepreneurship
(Gulf Times - 29/11/2017)

Ooredoo and the Qatar Business Incubation Centre (QBIC) have launched a host of master classes on innovation, entrepreneurship, and intrapreneurship, as part of their ‘Digital and Beyond’ joint venture. ‘Digital and Beyond’ is a specialised incubator,

Bank Muscat celebrates al Mazyona salary prize draw at Municipality
(Oman Daily Observer - 29/11/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, celebrated al Mazyona salary prize draw at Muscat Municipality head office. Coinciding

Al Hilal Bank makes senior appointments
(Gulfnews - 29/11/2017)

Al Hilal Bank said it has made two senior appointments. The bank said it has appointed Sebastian Frederiks as head of global markets and financial institutions and Wael Al Ashqar as head of financial institutions in the Middle East and North Africa

SABIC plans to spend $3-$10 bln in acquisitions over next five yrs
(Reuters - 28/11/2017)

Petrochemical producer Saudi Basic Industries Corp (SABIC) plans to spend between $3 and $10 billion on acquisitions over the next five years in specialities and agri-nutrients, chief executive Yousef al-Benyan told Reuters on Tuesday. He said the

SEC honors industry’s innovation pioneer Sulaiman Al-Qadi
(Arab News - 28/11/2017)

Saudi Electricity Company (SEC) has honored Sulaiman Al-Qadi, former CEO and deputy chairman of the board, for his efforts in launching quality innovation programs and strategies in the early 1990s. These programs contributed to making technical

BBK opens new branch at Seef Mall
(Press Release - 28/11/2017)

BBK, Bahrain’s pioneer in retail and commercial banking, has inaugurated its new full-fledged branch in Seef Mall, Seef District. The official opening took place on the 27th of November 2017 with the presence of, BBK Chief Executive, Reyadh Yousif Sater,

Aramco-SABIC partnership will give Saudi economy 'more flexibility'
(Arabian Business - 28/11/2017)

Integration between Saudi Aramco and Saudi Basic Industries (SABIC) in refining and the petrochemicals will create more flexibility in the kingdom’s economy, according to a new analysis from BMI Research. The two companies recently formed a preliminary

Takaful Oman wins Brand Excellence Award
(Daily Muscat - 28/11/2017)

Takaful Oman, a pioneer of takaful services in Oman, received the Brand Excellence Award as the New Takaful Provider in Oman 2017. The Brand Excellence Award, which is given by Finance Digest magazine, reiterates Takaful Oman’s commitment to excellence

SABIC debuts tough high-impact LEXAN EXL filament
( Design World - 28/11/2017)

SABIC, a global leader in the chemical industry, launched LEXAN EXL AMHI240F filament, a polycarbonate (PC) copolymer that delivers high impact performance and low-temperature ductility. The filament addresses the need for higher-performing materials in

Saudi Aramco Plans More Petrochemical Ventures After $20B Deal
(Oilprice.com - 28/11/2017)

Saudi Aramco will enter more petrochemical projects to boost its downstream business after it signed a preliminary $20-billion joint venture agreement for a crude oil-to-chemicals complex in Saudi Arabia, Aramco’s chief executive CEO Amin Nasser told

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