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Alinma Bank hosts Fintech Forum
(Saudi Gazette - 10/12/2018)

ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Company, with the stated goal of raising awareness about

Adnoc awards onshore stake to ZhenHua Oil
(The Gulf Today - 10/12/2018)

The Abu Dhabi National Oil Company (Adnoc) announced, on Sunday that the four per cent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Petroleum International Company Ltd, a

Burgan Bank appoints CEO for Kuwait
(Trade Arabia - 10/12/2018)

Burgan Bank has announced today the appointment of Raed Al-Haqhaq as chief executive officer for its operations in Kuwait after obtaining approval from the Central Bank of Kuwait.<br/><br/> Al-Haqhaq played a vital role in shaping and executing the

Bank Sohar awards social media contest winners
(Oman Daily Observer - 09/12/2018)

Following an exciting social media competition focused on the safety and wellbeing of student communities that witnessed thousands of participants, Bank Sohar recently invited at its head office in Muscat the 10 lucky winners of the

Omantel awards second Porsche
(Oman Daily Observer - 09/12/2018)

Omantel has given away a Porsche Panamera, the 2nd grand prize of its ‘Recharge and Win’ promotion last week, in a ceremony held at Safeer Mall Suhar.<br/><br/> Saleh al Maimani, Senior Manager of Product Development at Omantel’s Consumer Business Unit,

National Bank of Oman celebrates Oman’s 48-year journey
(Oman Daily Observer - 09/12/2018)

The National Bank of Oman (NBO) celebrated Oman’s 48 years of prosperity and peace. In a show of gratitude and appreciation, a special event was hosted for valued Sadara Privileged Banking, Corporate and Business Banking, Muzn Islamic Banking, and

Oman Cement plans $212m project in Duqm SEZ
(Oman Daily Observer - 09/12/2018)

Oman Cement Company (OCC) — the Sultanate’s first cement manufacturing firm — has announced that it plans to go ahead with the establishment of an integrated cement project in the Duqm Special Economic Zone (SEZ) with an investment of around $212 million

RAK Properties completes construction of Gateway Residences
(The Gulf Today - 09/12/2018)

RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, on Saturday celebrated completion of construction of the Gateway Residences at Al Raha Island, Mina Al Arab, Ras Al Khaimah (RAK). The landmark

Kuwait pulls license of Wataniya Airways
(Arab Times - 09/12/2018)

Kuwait’s civil aviation authority has revoked the license of Kuwait National Airways, which is known as Wataniya Airways, for failing to address operational issues that led to delays and cancellations last summer, Al-Jarida reported on

Saudi Aramco to set up sustainable global energy hub
(Trade Arabia - 09/12/2018)

State oil giant Saudi Aramco has launched a mega project, Spark, which has been designed to position the kingdom as a global energy hub that furnishes a dynamic, enabling environment for foreign and domestic investment.<br/><br/> The 50-sq-km energy city

Bank Muscat celebrates al Mazyona salary prize draw
(Oman Daily Observer - 05/12/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to partnership in promoting a strong savings culture Oman, celebrated al Mazyona salary prize draw at the head

ADCB launches new banking service
(The Gulf Today - 05/12/2018)

Abu Dhabi Commercial Bank (ADCB) has announced the launch of ADCB Emirati, a comprehensive banking and lifestyle service offering tailor-made solutions exclusively for UAE Nationals. <br/><br/> Keeping in mind the goal of supporting upcoming and current

Batelco set to offer eSIM service
(Trade Arabia - 05/12/2018)

Batelco, Bahrain's leading telecom services provider, has successfully completed the technical deployment of eSim technology and made its first eSim-equipped device call. <br/><br/> The service will be available for customers from December 6. Customers

Oman's Raysut mulls Kenyan cement group takeover
(Trade Arabia - 05/12/2018)

Oman’s Raysut Cement Company aims to acquire ARM Cement, a leading producer and major supplier of cement in Kenya, as part of the company’s aggressive strategy to expand into East and Central Africa.<br/><br/> The move from Oman’s largest cement

Baker Hughes wins Saudi Aramco well services contract
(Trade Arabia - 05/12/2018)

Leading oilfield services provider Baker Hughes, a GE company, said it has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimising production from new and existing wells across conventional fields in the

Kuwait’s ALAFCO, Airline SAS clinch aircraft lease deal
(Arab Times - 05/12/2018)

Kuwait’s Aviation Lease and Finance Company (ALAFCO) has signed a 10-year deal with the Scandinavian region’s national carrier SAS to lease a quintet of aircraft from the Airbus A320 family. <br/><br/> ALAFCO expects to receive the first airliner out of

Ooredoo wins 18 prestigious honours at Stevie Awards
(Gulf Times - 04/12/2018)

Ooredoo has won 15 awards at the 2018 International Business Awards (IBA) ceremony and three awards at the 2018 Stevie Awards for Women in Business. The Stevie Awards are held annually to honour the achievements and positive contributions of

Commercial Bank scoops two awards
(The Peninsula - 04/12/2018)

Commercial Bank has won two awards at the inaugural Qatar Business Awards, which is organised by the Qatar Financial Centre (QFC) as part of its annual Networking Event.<br/><br/> The Qatar Business Awards are designed to recognise and celebrate

Nakilat awarded ‘Sword of Honour’ by British Safety Council
(The Peninsula - 04/12/2018)

Nakilat has been awarded the ‘Sword of Honour’ by British Safety Council, for organisations that have reached the pinnacle of excellence in managing the company’s health, safety and environmental risks. The ceremonial sword was received at a ceremony

GFH Properties inks mortgage finance deal with BBK
(Trade Arabia - 04/12/2018)

GFH Properties, the real estate arm of Bahrain-based GFH Financial Group, said it has signed a strategic partnership agreement with BBK to provide mortgage financing services for its Harbour Row project.<br/><br/> A new residential and commercial

Acwa signs partnership deal for giant renewable energy project
(Trade Arabia - 04/12/2018)

Acwa Power, a leading developer, owner, and operator of power generation and water desalination plants based in Saudi Arabia, said it has joined hands with three international groups - Spanish company Abengoa and Chinese firms Industrial and Commercial

Ma'aden launches commercial operations at new Saudi plant
(Trade Arabia - 04/12/2018)

Saudi Arabian Mining Company (Ma’aden) said one of its subsidiaries, Waad Al Shamal Phosphate, has started commercial operation of its diammonium phosphate plant located at Ras Al Khair city.<br/><br/> Waad Al Shamal Phosphate is 60 per cent owned by

Zain’s 5G network set to go live across strategic sites in Kuwait
(Arab Times - 04/12/2018)

Zain Kuwait, the leading digital service provider in Kuwait announces that its huge investment in 5G has made lots of progress recently and the operator is ready to go live with the state-of-the-art service across all strategic and heavily populated

Alinma Bank distributes share dividend for 2018
(Saudi Gazette - 03/12/2018)

Bank Board of Directors has recommended the distribution of a share dividend for the 2018 fiscal year. After approval at the bank’s next general assembly meeting in early 2019, shareholders will receive SR1.00 per share (10% of nominal value). The total

Raysut Cement inks deal for waste heat recovery project
(Times of Oman - 03/12/2018)

Raysut Cement Company signed an agreement to develop a waste heat recovery project with a Chinese company, Sinoma Overseas Development, on Thursday. The pact was signed at Grand Hyatt Hotel in Muscat.<br/><br/> The project is the first-of-its-kind in the

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