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Aramco shares experience in localization at AFED 2018
(Saudi Gazette - 28/02/2018)

Saudi Aramco participates in the Armed Forces Exhibition for Diversity of Requirements and Capabilities (AFED) as a Diamond Localization Partner, and shares its experience in localization. The exhibition is taking place from Feb. 25 to March 5, 2018,

Vodafone to exit Qatari unit after losses
(Saudi Gazette - 28/02/2018)

Vodafone Europe agreed to sell its stake in a Qatar joint venture for 301 million euros ($369.9 million), capping an almost decade-long string of losses amounting to more than $1 billion.<br/><br/> Qatar Foundation, a non-profit run by the country’s

Adnoc accelerates 2030 ambitious growth strategy
(Khaleej Times - 28/02/2018)

The Abu Dhabi National Oil Company, also known as Adnoc, is making smarter use of capital to fund an ambitious growth plans and accelerate delivery on the goals of its 2030 strategy, says Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and chief

Barwa forecasts soft landing for Qatar real estate market
(The Peninsula - 28/02/2018)

Qatar’s real estate market is heading to a ‘soft landing’ before taking a turnaround in post 2020, Barwa Real Estate Group CEO Salman bin Mohammed Al Mohannadi (pictured) has said.<br/><br/> Speaking to The Peninsula here yesterday, Al Mohannadi said

GFH’s annual general assembly to take place on March 20
(Gulf News - 28/02/2018)

Gulf Finance House said it plans to hold its extraordinary general meeting and annual general assembly meeting on March 20.<br/><br/> “If the required quorum is not available, a second meeting will be held on Tuesday March 27, or a third meeting, if

Saudi regulator fines ex-Mobily chairman for insider trading
(Gulf News - 28/02/2018)

Saudi Arabia’s market regulator fined the former chairman of the kingdom’s second-biggest telecom company for insider trading and ordered his investment firm to pay $75 million.<br/><br/> Abdul Aziz Bin Saleh Bin Abdullah Al Saghyir, who was the chairman

Saudi Aramco spending $12bn on SMEs every year
(Trade Arabia - 28/02/2018)

State oil giant Saudi Aramco has been spending $12 billion every year on more than 4,000 SMEs (small and medium enterprises) either directly or through its supply chain over the last few years, said a top official. This is being mainly done by Aramco to

Damac awards Dubai luxury tower construction deal
(Trade Arabia - 28/02/2018)

Leading luxury property developer Damac Properties has awarded a Dh600 million ($163.3 million) contract to China State Construction Engineering Corporation for the construction of one of the towers at Aykon City, premier luxury master development coming

QNB receives two prestigious awards from ‘Euromoney’
(The Peninsula - 27/02/2018)

QNB, the largest financial institution in the Middle East and Africa, has received the awards of Best Commercial Banking Capabilities in Qatar and Best Net-worth-specific Services in Qatar based on Euromoney Private Bankingand Wealth Management 2018

Milaha reports QR470m net profit for 2017
(The Peninsula - 27/02/2018)

Qatar Navigation (Milaha) yesterday announced a net profit of QR470m for the full-year 2017. Operating revenues decreased by 2 percent to QR2.491bn for the twelve months ended December 31, 2017, down from QR2.551bn for the same period in 2016. Operating

Ithmaar Holding swings into net loss in 2017
(Gulf News - 27/02/2018)

Ithmaar Holding said it swung into a net loss in 2017 even as total income fell.<br/><br/> The company reported a net loss of $72.40 million (Dh266 million) in 2017 compared to net profit of $13.80 million in 2016. Ithmaar reported a five per cent fall

GFH hopes to develop Saudi business, new chairman says
(Gulf News - 27/02/2018)

Bahrain-based investment firm GFH Financial hopes in future to develop business in Saudi Arabia, the company’s new chairman told Al Arabiya television on Monday. Jasem Al Seddiqi, who is also chief executive of Abu Dhabi Financial Group, was speaking

SICO posts 41% increase in profits to BD3.3 million
(Biz Bahrain - 27/02/2018)

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced a net consolidated profit of BD 3.3 million for 2017, a 41 percent increase compared to the BD 2.3 million posted last year. Net

Batelco Silver Sponsor of Consumer Protection Expo 2018
(Biz Bahrain - 27/02/2018)

Batelco, in line with its support to national initiatives in the Kingdom of Bahrain, announces its participation in the Consumer Protection Expo 2018 as a proud Silver Sponsor. The event is taking place at City Centre Mall from March 1 to 3 under the

Adnoc signs agreement with Japan’s INPEX
(The Gulf Today - 27/02/2018)

The Abu Dhabi National Oil Company, Adnoc, has signed an agreement with Japan’s INPEX Corporation awarding the company a 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession. A wholly-owned INPEX subsidiary, JODCO Lower Zakum Limited, will

First Abu Dhabi Bank announces $2bn cash dividends
(Trade Arabia - 27/02/2018)

First Abu Dhabi Bank (FAB), one of the world’s largest financial institutions based in the UAE capital, is set to distribute 70 per cent cash dividends worth Dh7.6 billion ($2.1 billion) to its shareholders for 2017, up 11 per cent compared to the

Emaar unveils first townhouse community in Dubai South
(Trade Arabia - 27/02/2018)

Emaar Development has announced the launch of Saffron, the first townhouse community in Emaar South, the 7-sq-km lifestyle destination with tree-lined boulevards, walking and bicycle trails and a well-linked public transport network.<br/><br/> A joint

Vodafone exits Qatar, sells 51pc stake in JV for $370m
(Trade Arabia - 27/02/2018)

Leading British telecom company Vodafone has announced plans to sell its 51 per cent stake in the joint venture that controls Vodafone Qatar to the Qatar Foundation for QR1.35 billion ($370 million), capping an almost decade-long string of losses

QIC Group to increase capital to QR3.2bn
(Gulf Times - 26/02/2018)

Qatar Insurance Group shareholders approved the board’s recommendation to increase the group’s capital from QR2.7bn to QR3.2bn during the company’s annual general meeting held at the Four Seasons Hotel on Sunday.<br/><br/> The meeting, chaired by deputy

QINVEST records solid revenues for 2017
(The Peninsula - 26/02/2018)

QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced its end of year results for 2017.<br/><br/> Revenues from all business lines amounted to QR368.6m ($101.3m),

Saudi Aramco considers buying stake in Indian refineries
(Gulf News - 26/02/2018)

Saudi state-run oil giant Aramco is looking to buy stake in existing Indian refineries and in their capacity expansion, as well as in the proposed petrochemicals refinery on India’s west coast, Saudi Arabian Energy Minister Khalid Bin Abdulaziz Al Falih

Nakilat posts QR847m net profit
(The Peninsula - 26/02/2018)

Nakilat recorded a net profit of QR847m for the year ended December 31, 2017. The earnings per share attained in 2017 was QR 1.53. During the year, Nakilat successfully deployed the company’s strategic plans towards maintaining its global leadership in

GFH appoints Jassim Al Seddiqi as chairman
(Gulf News - 26/02/2018)

Gulf Finance House said on Sunday it has appointed Jasim Al Seddiqi as its chairman even as the stock jumped more than 5 per cent before the announcement on the Dubai Financial Market.<br/><br/> Al Seddiqi is currently the managing director and chief

Dar Al Arkan meets bond investors for non-deal roadshow
(Gulf News - 26/02/2018)

Saudi Arabian real estate developer Dar Al Arkan met fixed income investors last week for a so-called non-deal roadshow, discussions that were not linked to any specific plan for a bond issue, sources familiar with the matter said.<br/><br/> Dar Al

Emaar pitches the Saffron town houses at Dubai South
(Gulf News - 26/02/2018)

After a waterfront setting for its first off-plan launch this year, Emaar Development is turning to Dubai’s outskirts for the second. Sales of town houses at the “Saffron” will start Monday (February 26) at Emaar South, a 7 square kilometre community

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