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Air Arabia 9-month net profit tumbles 17pc
(Trade Arabia - 14/11/2018)

Sharjah-based Air Arabia posted a 17 per cent drop in net profits for the first nine months of 2018, despite an increase in turnover to Dh3 billion ($816.6 million).<br/><br/> The airline's net profit for the period January-September stood at Dh530

Union Properties swings to nine-month net profit
(Trade Arabia - 14/11/2018)

Union Properties, a leading real estate company based in Dubai, UAE, said it has recorded a net profit of Dh145.6 million ($40 million) for the first nine months of 2018, compared to a net loss of Dh2.3 billion ($626 million) for the same period last

Abu Dhabi signs key ultra-sour gas concession with Eni
(Trade Arabia - 14/11/2018)

The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) have signed the first of a series of concession agreements with Italy’s multinational oil and gas company Eni, awarding it a 25 percent stake in its offshore ultra-sour gas mega

Saudi Aramco IPO will ‘definitely’ happen, CEO says
(Gulf News - 13/11/2018)

The Initial Public Offering (IPO) of Saudi Aramco will “definitely” happen, the company’s chief executive confirmed on Sunday, but he said it is not expected until 2021 after the potential acquisition of Sabic.<br/><br/> Amin Nasser, chief executive

KFH-Bahrain private banking offers new products
(Trade Arabia - 13/11/2018)

Kuwait Finance House-Bahrain (KFH-Bahrain), one of the leading Islamic banks in the country, has launched new products under its private banking offer. Abdul Razak Jawahery, executive manager of the KFH-Bahrain Private Banking Department, said: "We

NBB backs Bahrain International Airshow
(Trade Arabia - 13/11/2018)

Senior management and teams from the National Bank of Bahrain (NBB) will join hundreds of executives including buyers and sellers from aviation and aerospace industries at the upcoming Bahrain International Airshow 2018. The event runs between November

Aldar awards construction contract for mega Abu Dhabi project
(Trade Arabia - 13/11/2018)

Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the first neighbourhood in the Phase Two of its Dh10-billion

Adnoc, Total in talks to develop downstream sector
(Trade Arabia - 13/11/2018)

French oil major Total is in talks with the Abu Dhabi National Oil Company (Adnoc) to develop the Abu Dhabi petrochemicals and downstream sector, said the president Total E&P UAE- Total country chair in the UAE.<br/><br/> "We are a company for whom Adnoc

Saudi Aramco, Adnoc sign natural gas, LNG tie-up deal
(Trade Arabia - 13/11/2018)

Saudi Aramco, a global energy and chemicals company and the Abu Dhabi National Oil Company (Adnoc) have signed a framework agreement to explore opportunities for collaboration in the natural gas and liquefied natural gas (LNG) sector.<br/><br/> The

Mobily and Stars Play enter into partnership
(Saudi Gazette - 12/11/2018)

Mobily announced a new partnership with “STARS PLAY” to provide the best Hollywood and Bollywood blockbuster productions through its platform, the fastest growing entertainment platform in the MENA region that provides television content and enhances the

Saudi Aramco ‘on way to becoming gas powerhouse’
(Arab News - 12/11/2018)

Saudi Aramco has outlined to Arab News how it plans to massively ramp up its multibillion-dollar natural gas business, both in the Kingdom and overseas, as gas gradually replaces coal and oil in global power generation.<br/><br/> Gas is viewed as a

Adnoc grants Total 40% stake in Unconventional Gas Concession
(The Gulf Today - 12/11/2018)

On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (Adnoc) has signed an agreement with French oil and gas major Total, granting it a 40 per cent stake in the Ruwais Diyab Unconventional Gas Concession. Under the terms of the

Agility reports $65m net profit in Q3
(Trade Arabia - 12/11/2018)

Agility, a leading global logistics provider, reported third-quarter earnings of 13.8 fils per share on net profit of KD20 million ($65.7 million), an increase of 12.3 per cent over the same period in 2017.<br/><br/> Agility EBITDA grew 14.8 per cent to

KAMCO joins GBSA Gulf Debt Capital Market Summit
(Arab Times - 12/11/2018)

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, joined the Gulf Bond and Sukuk Association (GBSA) Gulf Debt Capital Market Summit held in Dubai, UAE as a platinum sponsor.<br/><br/> Senior representatives

CBK seeks to avert commodities price rise after new lending rules
(Arab Times - 12/11/2018)

The Central Bank of Kuwait has addressed the Ministry of Commerce and Industry notifying it of new lending regulations to avert unjustified rise of prices of commodities and services.<br/><br/> CBK Deputy Governor Yousef Al- Obaid said in a statement to

QNB brings SMEs together to further boost e-commerce
(The Peninsula - 11/11/2018)

QNB has organised a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop.<br/><br/> Organised in collaboration with mastercard, the global leading technology and payments

Adnoc, Chinese group Wanhua seal long-term LPG contract
(Trade Arabia - 11/11/2018)

Abu Dhabi National Oil Company (Adnoc) said it has concluded a new long-term liquefied petroleum gas (LPG) sales agreement with Wanhua Chemical Group of China. <br/><br/> Wanhua Chemical Group is the world’s largest MDI producer and the biggest TDI

Alawwal and GCC BDI to improve corporate governance region-wide
(Saudi Gazette - 08/11/2018)

Alawwal bank has signed a three-year partnership to help develop high-performance boards in the Gulf. The bank will support a program of activity to raise corporate governance standards in Saudi Arabia and the wider GCC. The program is designed by GCC

QNB brings SMEs together to further boost e-commerce
(The Peninsula - 08/11/2018)

QNB has organised a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop.<br/><br/> Organised in collaboration with mastercard, the global leading technology and payments

OAB successfully closes RO 42m bond
(Oman Daily Observer - 08/11/2018)

Oman Arab Bank (OAB) announced that it has successfully closed unsecured perpetual subordinated bonds value of RO 42.553 million as Additional Tier 1 Capital with an issue price of RO 1.000 per bond, comprising the nominal value, and an interest rate of

Amanat Holdings' 9-month net profit hits $6.6m
(Trade Arabia - 08/11/2018)

Amanat Holdings, the GCC’s largest healthcare and education investment company, has recorded a net profit of Dh24.3 million ($6.6 million) for the first nine months of 2018. This includes the full consolidation of the recent majority stakes acquired in

Arabtec net profit more than doubles in Q3
(Trade Arabia - 08/11/2018)

Arabtec Holding, a leading construction company in the Middle East region, has registered a net profit attributable to the parent of Dh181 million ($49.2 million) for the third quarter, growing more than twofold from last year's figures of Dh75 million

Zain Group posts 26pc jump in Q3 net income
(Trade Arabia - 08/11/2018)

Zain Group, a leading mobile telecom services operator with a major presence in the Middle East and Africa (MEA) region, reported a net income of KD51 million ($167 million) for the third quarter, up 26 per cent over the same period in 2017.<br/><br/>

Jazeera Airways posts 9M earnings
(Arab Times - 08/11/2018)

Jazeera Airways today announced its financial and operational results for the first nine months of 2018, reporting a 38.4% growth in operating revenue and a 44.5% growth in number of passengers in comparison to the same period last year.<br/><br/> The

Saudi operations help to grow Shuaa earnings
(Arab News - 07/11/2018)

Dubai-headquartered investment house Shuaa Capital has posted its highest quarterly profit since 2008 as it continues to expand its operations in Saudi Arabia, UAE and Kuwait.<br/><br/> The company reported a 30.1 million dirham ($8.2 million) net profit

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