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Nakilat showcases Qatar LNG transport feats at SIGTTO meeting
(Gulf Times - 29/11/2018)

Qatar yesterday hosted the Society of International Gas Tanker and Terminal Operators’ (SIGTTO) board and annual general meeting with Nakilat sponsoring the session. SIGTTO is a global organisation established to promote shipping and terminal operations

Wataniya Mobile becomes Ooredoo Palestine
(Gulf Times - 29/11/2018)

Wataniya Mobile has officially been rebranded as Ooredoo Palestine, marking another important step forward for the global brand that launched in 2013. The rebrand of Wataniya Mobile is part of Ooredoo Group’s strategy to evolve its business and create a

Saudi Fransi Capital Announce the Dividend Distribution to Bonyan REIT Fund’s Unit Holders
(Tadawul - 29/11/2018)

Saudi Fransi Capital announces the distribution of a cash dividend to Bonyan REIT Fund’s unit holders for the period from 19 Shawl 1439 H corresponding to 3 July 2018 (Fund Inception date) to 22 Safar 1440 H corresponding to 31 October 2018 as

BankDhofar announces Instagram contest winners
(Oman Daily Observer - 29/11/2018)

Coinciding with the 48th National Day Celebrations, BankDhofar organised a special event at Muscat Grand Mall (MGM) which saw large turnout from the visitors. Additionally BankDhofar announced the winners of its 48th National Day Instagram

Adnoc moving ahead with plans to expand CO2 capture
(The Gulf Today - 29/11/2018)

The Abu Dhabi National Oil Company (Adnoc) announced that it is moving ahead with plans to expand the capture, storage and utilisation of carbon dioxide (CO2), produced from either the Habshan-Bab gas processing facilities or the Shah gas plant. A

Zain Saudi agrees to sell and lease back tower network to IHS
(Arab Times - 29/11/2018)

Zain Group announces that the board of directors of Zain Saudi Arabia (Zain KSA) has approved an offer to sell and lease back the passive physical infrastructure of its mobile tower portfolio to IHS Holding Limited (IHS) for circa SAR 2.43 billion ($ 648

Investcorp Announces Acquisition of 6 Multifamily Properties for $311 Million in the U.S.
(Press Release - 28/11/2018)

Investcorp, a leading manager of alternative investments, today announced that its U.S.-based Real Estate Investment team acquired six new multifamily properties, totaling 2,876 units for a combined purchase price of $311 million. The properties are

Jarir Marketing Co. Announces opening new showroom in Al-Kharj Governorate
(Tadawul - 28/11/2018)

Jarir announces opening of its showroom in In Al-Kharj Governorate on Monday 26 Nov, 2018, that considered the 45th showroom in Saudi Arabia and the 54th of the total number of Jarir showrooms inside and outside Saudi Arabia.<br/><br/> The showroom

Asharqiyah announces the appointment of the Chairman of the Board and Vice Chairman
(Tadawul - 28/11/2018)

The Board of Directors of Asharqiyah Development Company held on Tuesday, 27-11-2018, its meeting no. (240) and unanimously decided to appoint Dr. Abdulaziz bin Abdulrahman Al-Shamikh (non-executive) as Chairman of the Board and to appoint Mr. Mohammed

Emaar signs definitive documentation with ADNH to divest five hospitality assets in Dubai
(Press Release - 28/11/2018)

Emaar Properties PJSC (DFM: EMAAR) has announced that its whollyowned hospitality and leisure business subsidiary, Emaar Hospitality Group has signed definitive documentation with Abu Dhabi National Hotels (ADNH) to divest its entire economic interest in

Aramco to invest more than $100bn over the next 10 years in chemicals
(Saudi Gazette - 28/11/2018)

Saudi Aramco President and CEO Amin H. Nasser on Tuesday told delegates attending the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum that a key Saudi Aramco objective is to bring its downstream business to the same prominence as

QIIB emerges as ‘The Best Islamic Retail Bank in Qatar’
(The Peninsula - 28/11/2018)

Cambridge IFA has bestowed upon QIIB ‘The Best Islamic Retail Bank in Qatar’ award, one of the prestigious laurels given annually to leading banks in various Islamic finance sectors.<br/><br/> By choosing QIIB for the ward, Cambridge IFA relied on the

QIB to introduce ‘Instant Financing’ through app
(The Peninsula - 28/11/2018)

Qatar Islamic Bank (QIB) has officially announced the launch of ‘Instant Financing’ – the fastest and simplest way to obtain personal financing in Qatar. This innovative and fully-digital new feature allows pre-approved customers to get additional

Emaar unit sells five premium hotels to Abu Dhabi group
(Trade Arabia - 28/11/2018)

Dubai-based developer Emaar Properties has announced that its wholly-owned hospitality and leisure business subsidiary, Emaar Hospitality Group, has signed definitive documentation with Abu Dhabi National Hotels (ADNH) to divest its entire economic

Aramco will accord high priority to downstream: Nasser
(Trade Arabia - 28/11/2018)

Saudi Aramco aims to bring its downstream business to the same prominence as its upstream, as the company undergoes substantial expansions in refining, marketing and lubes, said its president and CEO Amin H Nasser.<br/><br/> Speaking at the 13th annual

UAE lender UNB ‘hires JPMorgan for merger talks’
(Gulf News - 26/11/2018)

Abu Dhabi lender Union National Bank (UNB) has hired JPMorgan to advise on its merger talks with Abu Dhabi Commercial Bank (ADCB), three sources familiar with the move said.<br/><br/> The merger, which will also involve unlisted Al Hilal Bank, was

Emirates NBD cards support Google Pay
(Trade Arabia - 26/11/2018)

Emirates NBD, a leading banking group in the region, today announced that its debit and credit card customers can now pay via Google Pay. As contactless payments gain popularity in the UAE, the bank, a front-runner in banking and payments technology, has

Union launches sale of Dubai Motor City housing project
(Trade Arabia - 26/11/2018)

Union Properties, a leading property developer in the UAE, has announced the sale of its OIA Residence, a key development featuring more than 260 ready-to-move-in apartments within Dubai Motor City.<br/><br/> A key player in the region with a track

Adnoc launches new Taweelah gas compression plant
(Trade Arabia - 26/11/2018)

The Abu Dhabi National Oil Company (Adnoc) has inaugurated its technologically-advanced Taweelah Gas Compression Plant, which will ensure uninterrupted gas supplies to major Abu Dhabi industries and Fujairah.<br/><br/> The plant, located 50 km north of

Aramco to sign 30 deals worth about $25 bln
(Arab Times - 26/11/2018)

Saudi Aramco will sign this week 30 agreements worth about $25 billion with local and foreign companies as part of a drive to expand the kingdom’s industrial base and manufacture a bigger share of products domestically, an Aramco executive said on

Saudi Aramco attracts 400 companies to localise supply chain content
(The National - 25/11/2018)

Saudi Aramco, the world’s biggest oil producing company, has signed up more than 400 companies for its national supply chain initiative – part of efforts to increase use of locally produced goods and services.<br/><br/> Bakers Hughes, part of General

Adnoc’s forum highlights co-investment
(The Gulf Today - 25/11/2018)

The Abu Dhabi National Oil Company (Adnoc) on Saturday hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu Dhabi, providing attendees with a deeper understanding of Adnoc’s transformation and

Warba Bank share capital increase subscription starts today
(Arab Times - 25/11/2018)

Warba Bank announced that the offering period in capital increase for exercising pre-emption right starts today, Nov 25th and ends on 9th Dec 2018. The total shares’ value amounts KD 90MM (50 par value and 40 share premium); the subscription share price

Investcorp launches strategic capital partners business
(The Peninsula - 22/11/2018)

Investcorp, a leading manager of alternative investments, yesterday announced the launch of its Strategic Capital Partners strategy, which will focus on minority equity investments in mid-sized alternative asset managers.<br/><br/> To guide the Strategic

Adnoc, Sandooq Al Watan in partnership
(The Gulf Today - 21/11/2018)

Sandooq Al Watan has entered into a strategic partnership with the Abu Dhabi National Oil Company (Adnoc) to expand the ‘Emirati Coder’ programme to the Al Dhafra region of the emirate of Abu Dhabi. <br/><br/> The programme supports the development of IT

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