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Emirates NBD most trusted lender in UAE
(The National - 21/09/2017)

Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most loyal customers, according to a survey by Brand Finance Banking. Bank clients surveyed by Brand Finance Banking, based in the UK, found that 74.6

SRMG to launch ‘Bloomberg Al-Arabiya’ network
(Al Arabiya - 21/09/2017)

Saudi Research and Marketing Group (SRMG) today said it has entered a long-term agreement with US-headquartered media firm Bloomberg to launch a multi-platform Arabic-language business and financial news service. SRMG — publisher of Asharq Al-Awsat, Arab

KHC closes Banque Saudi Fransi stake deal
(Trade Arabia - 21/09/2017)

Kingdom Holding Company, an investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, said it has completed the acquisition of 16.2 per cent stake in Banque Saudi Fransi for SR29.5 ($7.8) per share; a deal worth SR5.8 billion ($1.5 billion).

Emaar to develop Dubai Harbour hotel and residences
(The National - 21/09/2017)

Emaar Properties will build 10 million square feet of new residences and a new Address hotel project as part of Dubai Harbour, the emirate’s major new waterfront development unveiled in January. The developments make up about half of the Dubai Harbour

Ezdan Holding Group ranked 2nd top Arab brand
(The Peninsula - 21/09/2017)

Ezdan Holding Group (EHG) has been ranked as the second top real estate developer in the Arab world, based on the annual ratings by Forbes Middle East magazine. The ranking evaluates the most active brands in the real estate sector, one of the major

Abu Dhabi targets IPO frenzy ahead of Saudi Aramco
(Arab News - 21/09/2017)

Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring its

Dana fight with BlackRock to start despite UAE court order
(Gulf Times - 20/09/2017)

A London lawsuit over $700mn in Shariah-compliant bonds issued by Dana Gas will go ahead despite a last-minute UAE court order that attempted to stop the company from taking part in the trial. Dana Gas stunned investors and the Islamic finance community

Doha Insurance Group’s rating reaffirmed
(The Peninsula - 20/09/2017)

Doha Insurance Group (DIG) Chairman SH. Nawaf Nasser bin Khaled Al Thani (pictured) has stated that “A.M.Best” Rating Agency has reaffirmed the current rating of DIG atA- with a stable outlook. We are pleased with the decision,His Excellency added,

Aramco plans to buy non-Saudi crude in global trading expansion
(Gulfnews - 20/09/2017)

Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. The state-owned company is putting crude marketing and refined-product

10 Zain Bahrain employees win Umrah trips to Mecca at Eid reception
(Biz Bahrain - 20/09/2017)

Ten Zain Bahrain employees won Umrah pilgrimage packages to Mecca through a raffle draw held at the operator’s annual Eid Al Adha reception at Zain Tower. In line with Zain Bahrain’s commitment to creating a people-centric organization, the event was an

CBB Sukuk Al-Salam Securities Subscribed by 100%
(Biz Bahrain - 20/09/2017)

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100%. Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a

Qatar Insurance to Focus on New Markets to Offset Saudi-Led Spat
(Bloomberg - 19/09/2017)

Qatar Insurance Co., the Middle East and North Africa’s largest insurer by market capitalization, is focusing on new countries to offset the impact of the Saudi-led campaign to isolate the gas-rich Arab state, a senior executive said. “The spat has made

Intelsat and Etisalat Expand Relationship
(Press Release - 19/09/2017)

Intelsat S.A. (NYSE:I), operator of the world’s first Globalized Network and leader in integrated satellite communications, and Etisalat UAE, a leading telecommunications services provider in the Middle East & Africa, today detailed their plan to expand

Dallah Health awards SAR 140m hospital expansion contract
(Tadawul - 19/09/2017)

Dallah Healthcare Company announces the start of construction works for the West Expansion of Dallah Hospital - Al-Nakheel by signing of structural constructions contract with Youssef Marroun Contracting Co. as follows: 1. the contract has been signed on

BlackRock Says Dana Gas Trying to Block London Sukuk Bond Trial
(Bloomberg - 19/09/2017)

A London court case over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC was derailed as lawyers said judges in the United Arab Emirates issued an order blocking the trial. Dana Gas stunned investors and the Islamic finance community when

Aramco Plans to Buy Non-Saudi Crude in Global Trading Expansion
(Bloomberg - 19/09/2017)

Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. The state-owned company is putting crude marketing and refined-product

Takaful Emarat accelerates digital growth with Bayzat Alliance
(CPI Financial - 19/09/2017)

Takaful Emarat, the DFM-listed Shari'ah-compliant Life and Health Takaful provider has announced a strategic long-term alliance with Bayzat, a rapidly growing UAE-based technology business that provides innovative insurance and HR solutions. “Bayzat is a

Mobily Business offers solutions for SMEs
(CPI Financial - 19/09/2017)

Etihad Etisalat (Mobily) represented by its Business unit offers the latest solutions for SMEs, such as network, communication, mobility and cloud computing services at low costs. Mobily Business offers a wide range of ICT services that support the

Etisalat launches first IPX Exchange platform in MEA
(Trade Arabia - 19/09/2017)

UAE's leading telecom services operator Etisalat will officially launch the first IPX Exchange platform in the Middle East and Africa (MEA) region to support IPX traffic exchange (an integral part of its smart hub services) at the 13th Telecoms World

ABC Bahrain generates over 1 million business referrals in 2017
(Trade Arabia - 19/09/2017)

The Arabian Business Community (ABC) Bahrain has reached a record 1 million business referrals to companies on its Bahrain Database so far this year, it was revealed today. “The portal has generated over 1,046,000 visits to companies registered on the

Damac Maison Royale The Distinction opens in Dubai
(Trade Arabia - 19/09/2017)

Damac Hotels & Resorts, the hospitality arm of Damac Properties, has announced the official launch of the luxurious Damac Maison Royale The Distinction, comprising well-appointed hotel apartments in the heart of Dubai’s prestigious Downtown district. The

Ooredoo announces closure of GDR delisting from London Stock Exchange
(The Peninsula - 19/09/2017)

Ooredoo has announced that the delisting process of Ooredoo GDR (Global Depositary Receipt) from the London Stock Exchange has now closed, effective from 31 August, 2017. The primary reason for the delisting was that international investors are now

NCB first Saudi bank to join SWIFT GPI
(Gulfnews - 19/09/2017)

SWIFT said on Monday that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (GPI) service. “The shift towards real-time payments is a global phenomenon, changing the shape of payment systems in the Middle

Emaar seeks nod to offload 30% development unit stake via IPO
(Gulfnews - 19/09/2017)

Emaar Properties said it has sought a nod from its board in a meeting scheduled on September 20 to offer 30 per cent stake in its development unit through a primary offer. The board will also discuss its entry into a financing arrangement with First Abu

Bank Muscat hosts environmental awareness workshop
(Oman Daily Observer - 19/09/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, kicked off a series of environmental awareness workshops for students to highlight

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