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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

Alba a host sponsor for 32nd International Aluminium Conference
(Biz Bahrain - 19/09/2017)

Aluminium Bahrain B.S.C (Alba), the Bahrain-based world’s leading aluminium smelter, is a key partner and a host sponsor of the 32nd International Aluminium Conference that will be held in the Kingdom of Bahrain from 25 to 27 September 2017 at the Gulf

STC to invest $500m VC fund mainly in region
(Khaleej Times - 18/09/2017)

Saudi Telecom Company (STC) will first invest its half-a-billion dollar venture capital fund mainly in the region and then look abroad, its CEO said. Speaking on the sidelines of Telecoms World Middle East 2017 conference in Dubai on Monday, Dr. Khaled

SACO opening new store in Hafr Al-Batin
(Tadawul - 18/09/2017)

SACO announces The opening of a new store in Hafr Al-Batin on Sunday 17- 09 - 2017, The store area is (4,554) Sq. meters and located in a unique place of Hafr Al-Batin city, on King Abdullah Street, Hala Mall, The new opening for (SACO) is expected to

Savola selling part of shares in Al-Marai Co. - latest developments
(Tadawul - 18/09/2017)

Savola Group announces the latest developments in relation to selling part of its shares in Al-Marai Company Further to Savola Group's (Savola) announcement on Wednesday 13 September 2017 relating to the results of the accelerated book building process

National Commercial Bank first Saudi Arabian bank to join SWIFT gpi
(Press Release - 18/09/2017)

SWIFT announces today that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (gpi) service. The bank is the first in the country to join forces with over 100 leading banks globally. SWIFT gpi dramatically

SABIC commences operation of polypropylene pilot plant in Netherland
(Arabian Oil & Gas - 18/09/2017)

SABIC's latest pilot plant for development of next-generation polypropylenes (PP) is now on-stream in Sittard-Geleen, the Netherlands. The gas-phase polymerisation licensed technology plant includes a dedicated extrusion line and it will support the

Etisalat launches first IPX Exchange platform in MEA
(Trade Arabia - 18/09/2017)

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

Bank ABC celebrates launch of branch in UAE
(Trade Arabia - 18/09/2017)

Bahrain-based Bank ABC, a leading international banking group in the Mena region, today celebrated the official launch of its branch in the Dubai International Financial Centre (DIFC) in Dubai. The bank’s clients and counterparties attended a reception

Prince Alwaleed's Kingdom Holding sell stake in Malaysia Four Seasons
(The National - 18/09/2017)

Saudi Arabia’s Kingdom Holding Company (KHC), the investment company of Saudi billionaire prince Alwaleed bin Talal, has sold its interest in Malaysia’s Four Seasons Resort, the company said on Sunday. The company sold its 90 per cent interest in the

QInvest invests in Spanish marina OneOcean Port Vell
(Gulf Times - 18/09/2017)

QInvest, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, has invested in and is a shareholder in OneOcean Port Vell in Barcelona, Spain. The investment was made through its wholly-owned

Omantel launches automated self-service ICT cloud services portal
(Oman Daily Observer - 18/09/2017)

Omantel has announced that it is launching an automated self-service cloud platform along with its cloud services subsidiary — Oman Data Park (ODP) — for customers to purchase virtual infrastructure and applications as well as automatically configure

Saudi Amiantit appoints new Deputy Chairman
(Tadawul - 17/09/2017)

Saudi Arabian Amiantit Company announces the resignation of H.R.H Prince Turki bin Mohammad bin Fahd bin Abdulaziz Al-Saud as board member and Deputy Chairman (Non-Executive), H.R.H submitted his resignation evening 14-09-2017, which approved at the same

Kuwait's Alafco closes $300m murabah facility
(Trade Arabia - 17/09/2017)

Kuwait's Aviation Lease and Finance Company (Alafco) said it has successfully closed an agreement for a three-year syndicated Murabaha facility for $300 million. The transaction has been advised by KFH Capital Investment Company with participation from

Emaar plans first Vida hotel project in Egypt
(Trade Arabia - 17/09/2017)

UAE-based Emaar Hospitality Group is set to develop Vida Marassi Marina, a major leisure development with 120 hotel rooms and suites offering a refreshing 'marina tourism' experience. This marks the first project under its Vida Hotels and Resorts brand

Emirates NBD plans Saudi expansion with 20 additional branches, CEO sa
(The National - 17/09/2017)

Emirates NBD, Dubai’s biggest bank by assets, is looking to expand its presence in Saudi Arabia and plans to approach the banking regulator in the Arab world’s biggest economy next year to seek permission for 20 additional branches in the kingdom. The

Shuaa Capital to start construction on new tower by year-end
(Gulfnews - 17/09/2017)

Shuaa Capital said it is aiming to begin construction on its recently-announced $400-million (Dh1.5 billion) tower by the end of this year, with residential sales expected to be launched in the first quarter of 2018. The project, which will be managed by

Eshraq Properties to acquire Reem by year-end
(Gulfnews - 17/09/2017)

The deal for Abu Dhabi-based Eshraq Properties to acquire Reem Investment is expected to be finalised in the next three months and will more than double Eshraq’s market capitalisation when complete. Fawad Tariq-Khan, general manager at Shuaa Capital, the

Saudi Aramco on track with IPO next year
(The National - 16/09/2017)

Saudi Arabian Oil Company, known as Saudi Aramco, Opec's largest producer of oil intends to carry forward with plans for an initial public offering (IPO) set for 2018, the company said. The IPO "remains on track" the company said in an e-mailed statement

Mashreq launches new e-commerce platform
(CPI Financial - 14/09/2017)

Mashreq Bank has launched an exclusive e-commerce platform for its credit card customers in the UAE: Global Cashback Mart. The Global Cashback Mart is currently accessible at zero cost to customers who hold the Mashreq SmartSaver Global Credit Card and

Union Properties opens mall, hotel management units
(Trade Arabia - 14/09/2017)

Dubai-based Union Properties has announced plans to diversify its operations and revenue sources by opening two new fully-owned subsidiary companies: Union Malls and Al Etihad Hotel Management. Union Malls will provide retail and leisure options in Union

Etisalat starts iPhone 8 and 8 plus pre-order on Sept 15
(Trade Arabia - 14/09/2017)

UAE-based telecom provider Etisalat will offer Apple’s latest products starting on September 15, including the new generation iPhone 8 and iPhone 8 Plus. Customers will be able to pre-order iPhone 8 and iPhone 8 Plus beginning September 15 on etisalat.ae

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