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Emaar Development offers up Dh1bn shareholder dividend
(The National - 17/10/2018)

Emaar Development proposed a special cash dividend to shareholders representing 26 per cent of paid-up share capital, and plans to hold a vote on the proposal in a general meeting on Wednesday.<br/><br/> The board of Dubai-listed real estate development

Bank Muscat and Ominvest sign RO 120m long-term credit facility
(Oman Daily Observer - 17/10/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’, and commitment to partnership in sustainable development, signed a long-term secured credit facility agreement for RO 120

Etisalat Digital offers glimpse into future of retail
(Trade Arabia - 17/10/2018)

Etisalat Digital is embracing the future of retail at this year’s Gitex Technology Week, offering a seamless shopping experience through face recognition, artificial intelligence, image recognition and computer vision technologies. <br/><br/> Some of the

Mobily, Huawei tie-up for bringing 5G to Saudi Arabia
(Trade Arabia - 17/10/2018)

Saudi Arabia’s Mobily and Huawei have agreed to collaborate on a five-year plan to upgrade Mobily’s networks and accelerate the arrival of 5G to the kingdom. <br/><br/> The announcement was made at Huawei’s global headquarters in Shenzhen, China, during

Aramco catalyst for India’s oil and gas sector growth
(Saudi Gazette - 16/10/2018)

Saudi Aramco played a central role in the second India Energy Forum att the invitation of the Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas.<br/><br/> Hosted by CERAWeek IHS Markit and held October 14-16, the annual

SHUAA executes 20% buy-back through Integrated Capital
(Gulf News - 16/10/2018)

Shuaa Capital said on Monday the company has bought back a total of 20 per cent of shares from the open market till October 14.<br/><br/> SHUAA bought 1 million shares or 10 per cent of the issued capital at Dh1.05 on October 11, and the company bought

Air Arabia launches new route
(Gulf News - 16/10/2018)

Air Arabia, has announced the launch of non-stop service to the city of Sulaymaniyah in the north of Iraq.<br/><br/> The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fourth destination in Iraq and 152 worldwide. From November

Ooredoo to deliver managed ICT services for Doha Bank
(The Peninsula - 16/10/2018)

Ooredoo has signed a landmark agreement that will see the company deliver end to end managed ICT services to Doha Bank.<br/><br/> The agreement was completed at a signing ceremony in the Doha Bank Tower by the Ahmad Ali Al Hanzab, Head of Administration

Masraf Al Rayan delivers solid net profit
(The Peninsula - 16/10/2018)

Masraf Al Rayan delivered a net profit of QR1.63bn for the nine months ended September 2018, with an increase of 4.5 percent compared to the similar period in 2017. The bank’s assets grew by 1.0 percent to reach QR99.60bn during the period.<br/><br/> The

Alizz Islamic Bank, Al Raffd Fund sign MoU to finance SMEs
(Oman Daily Observer - 16/10/2018)

Reinforcing its position as one of Oman’s most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank has signed an MoU with Al Raffd Fund in the field of financing small and medium enterprises.<br/><br/> The memorandum was signed by

Sabic unveils agri-nutrient solutions at Riyadh show
(Trade Arabia - 16/10/2018)

Sabic showcased its wide range of innovative, environment friendly agri-nutrient solutions targeted to specific needs of each crop and help improve yields at 37th International Trade Exhibition for Agriculture and Agro-Industry in Riyadh.<br/><br/> The

Mobily, Ericsson sign IT services agreement
(Trade Arabia - 16/10/2018)

Etihad Etisalat (Mobily), a top telecom provider in Saudi Arabia, has signed an agreement with Ericsson, a leader in remote data and telecom to Saudize and enhance the quality of services Mobily offers to customers.<br/><br/> Mobily CEO Ahmed Aboudoma

Waha buys minority stake in Petronash in $88m deal
(Trade Arabia - 16/10/2018)

Waha Capital, a leading investment company based in Abu Dhabi, UAE, has acquired a significant minority stake worth $88 million in Dubai-based Petronash Holdings, a global oilfield services and manufacturing company.<br/><br/> The deal, includes options

Zain Drone services launched in Kuwait
(Arab Times - 16/10/2018)

Zain Group, the leading mobile telecom operator in eight markets across the Middle East and Africa, announced the launch of its pioneering Zain Drone service in Kuwait, with the plan to expand its operation to other markets across the Zain footprint in

Etisalat to lift restrictions on voting rights of foreigners
(Gulf News - 15/10/2018)

Etisalat said on Sunday that its board has approved to lift the restrictions on voting rights of foreign shareholders on par with UAE nationals.<br/><br/> The board authorised the management to take necessary steps to incorporate articles of association

Doha Bank recognised for its IT service best practices
(The Peninsula - 15/10/2018)

Doha Bank has achieved continuous compliance to the ISO20000 standard. The outcome of the Audit determines an organisation’s commitment towards complying with the Industry standards. By passing the Surveillance audit, Doha Bank has once again proven that

Ground-breaking Ooredoo Fibre technology to be launched in Lusail
(The Peninsula - 15/10/2018)

Ooredoo announced that it will roll out first-in-class Fibre Home devices to Lusail, to ensure Qatar’s first smart city is fully connected, QNA reported. Furthermore, Ooredoo is partnering with NETGEAR to bring AX Wi-Fi based Orbi to customers in the

Bank Muscat Q3 net profit rises by 3.4 per cent to RO 134.74m
(Oman Daily Observer - 15/10/2018)

Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for the nine months ended September 30, 2018. The bank posted a net profit of RO 134.74 million for the period compared to RO 130.26 million reported

Adnoc Sour Gas sulphur pipeline work on track
(Trade Arabia - 15/10/2018)

Adnoc Sour Gas, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), has confirmed work is on track to construct a new sulphur pipeline, to carry molten sulphur produced by its Shah field sour gas operations.<br/><br/> The additional pipeline will

Du ties up with German group to launch new wave of eSIMs
(Trade Arabia - 15/10/2018)

Leading UAE telecom services operator du has signed an agreement with Munich-based Giesecke+Devrient Mobile Security, to launch its AirOn eSIM Management Solution to du.<br/><br/> As a result of the agreement, eSIM will soon be commercially available for

Du ties up with German group to launch new wave of eSIMs
(Trade Arabia - 15/10/2018)

Leading UAE telecom services operator du has signed an agreement with Munich-based Giesecke+Devrient Mobile Security, to launch its AirOn eSIM Management Solution to du.<br/><br/> As a result of the agreement, eSIM will soon be commercially available for

Zain showcases digital capabilities at GITEX, advocating ‘New Kuwait’ vision
(Arab Times - 15/10/2018)

Zain Kuwait inaugurated its dedicated booth at The Gulf Information Technology Exhibition (GITEX Technology Week 2018). The international event is hosted in Dubai until Oct 18, where technology leaders and pioneers gather under one roof for five days to

Moody’s affirms ratings of SABB, Alawwal Bank
(Saudi Gazette - 14/10/2018)

Moody’s has affirmed the local and foreign currency deposit ratings of Saudi British Bank (SABB) at A1/P-1 and those of Alawwal Bank (Alawwal) at A3/P-2. At the same time, Moody’s has also affirmed the baseline credit assessment (BCA), adjusted BCA,

Oman Arab Bank and Alizz Islamic merger ‘credit positive’, says Moody’s
(The National - 14/10/2018)

The proposed merger between Oman Arab Bank and Alizz Islamic Bank – the latest in a wave of planned consolidations between GCC banks – would be credit positive for Oman Arab Bank and form an Islamic banking entity with around $7.6 billion in assets,

Doha Bank achieves continuous compliance with the ISO 20000
(Gulf Times - 14/10/2018)

Doha Bank has successfully achieved continuous compliance with the ISO 20000 standard. The outcome of the audit determines an organisation’s commitment towards complying with industry standards. By passing the surveillance audit, Doha Bank has once again

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