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Ahli United Bank’s AGM approves 18% dividend
(Gulf News - 30/03/2018)

Ahli United Bank said on Thursday the shareholders have approved the 18 per cent cash dividend at its Annual General Meeting (AGM). The dividend amounts to $341.6 million (Dh1,257 million), together with a bonus share issue of 5 per cent (five shares per

Market rules ready for Aramco listing ‘by end of June’
(Arab News - 30/03/2018)

Saudi Arabia expects to unveil by the end of June rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco, the head of the kingdom’s stock market regulator said.<br/><br/>

Dubai’s developers aim big with ‘co-living’ spaces
(Gulf News - 30/03/2018)

A younger buyer profile is starting to figure more prominently in Dubai developers’ plans. And “co-living” spaces are what the developers are building for them where buyers and tenants could aim to live and work within the same neighbourhood.<br/><br/>

Adnoc signs deals for sale of up to 1.5m tonnes of naphtha
(The Gulf Today - 30/03/2018)

The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the signing of two new agreements, with Idemitsu Kosan of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tonnes of Naphtha per year.<br/><br/> These deals

Saudi Arabia's Nadec acquires Al Safi Danone
(Trade Arabia - 30/03/2018)

Saudi Arabia-based Al Safi Holding, a unit of Al Faisaliah Group, has sold its shares in Al Safi Danone Company (ASD), a producer of dairy and juice products, to National Agricultural Development Co (Nadec).<br/><br/> Baker McKenzie, a leading global law

Aramco, Petronas form 2 Rapid project JVs
(Trade Arabia - 30/03/2018)

Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint ventures for the Refinery and Petrochemical Integrated Development (Rapid)

Batelco Group AGM Approves BD41.6M Cash Dividend
(Press Release - 29/03/2018)

Batelco Group, the international Telecommunications Group with operations across 14 countries, today held its Annual General Meeting (AGM) for the twelve-months ended 31 December 2017 (“the year”) and additionally an Extra-Ordinary-General Meeting (EGM)

Amanat Holdings poised to become Shari’a compliant
(Press Release - 29/03/2018)

Amanat Holdings PJSC (“Amanat”), the GCC’s largest investment company solely focused on healthcare and education, announced today that it will seek to attain Shari’a compliant status.<br/><br/> In line with its objective, Amanat has moved AED 700 million

DSI announces the appointment of Group Chief Executive Officer
(Press Release - 29/03/2018)

The Board of Directors of Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, announced the appointment of Dr. Fadi Feghali as the Group Chief Executive Officer, with effect from 1st of

DFM Company shareholders approve 2017 Financial Statements
(Press Release - 29/03/2018)

The shareholders of Dubai Financial Market Company (PJSC) have approved the Balance Sheet and Income Statement for the financial year ending 31 December 2017, during the Annual General Meeting held on Wednesday, 28 March 2018. The DFM Company

Saudi Aramco finalizes refinery deal with Malaysia’s Petronas
(Arab News - 29/03/2018)

Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.<br/><br/> The Saudi oil giant agreed in February last year to buy a $7 billion stake in

ZAD Holding maintaining stable consumer prices despite blockade on Qatar
(Gulf Times - 29/03/2018)

Despite global economic headwinds and the blockade imposed on Qatar in June last year, ZAD Holding Company has managed to maintain good performance in 2017 not only catering to the needs of the country but maintaining stable consumer price

Nakilat holds fourth Annual National Forum
(The Peninsula - 29/03/2018)

Nakilat recently held its fourth ‘Annual Forum’ for its Qatari employees. The event was an excellent platform for National employees to learn about the company’s career development plans and programs, interact with senior management members and have

QFB’s income from financial assets grows by 18.3%
(The Peninsula - 29/03/2018)

Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has recorded a revenue of QR334.2m for the year ended 31 December 2017. QFB investment portfolio continued to generate healthy

DSI to issue convertible sukuk in second quarter
(Gulf News - 29/03/2018)

Drake & Scull International (DSI), a regional engineering and construction service provider, said it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.<br/><br/> The DSI board approved plans for the issuance of

Bank Muscat highlights career opportunities for CBFS students
(Oman Daily Observer - 29/03/2018)

The appeal of Bank Muscat as the ‘best place to work in Oman’ attracted a large turnout of prospective job seekers at the Career and Opportunities Fair organised by the College of Banking and Financial Studies (CBFS) under the auspices of Tahir bin Salim

Adnoc signs deals for sale of up to 1.5m tonnes of naphtha
(The Gulf Today - 29/03/2018)

The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the signing of two new agreements, with Idemitsu Kosan of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tonnes of Naphtha per year.<br/><br/> These deals

Aramco announces $10bn deals with US firms
(Trade Arabia - 29/03/2018)

Saudi Aramco, Saudi Arabia's oil giant, announced commercial cooperation deals worth over $10 billion with 14 American companies at the Saudi-US CEOs Forum in New York yesterday.<br/><br/> Saudi Aramco participated in the forum to promote bilateral

Investcorp appoints new chief financial officer
(Trade Arabia - 29/03/2018)

Investcorp, a leading global provider and manager of alternative investments, today announced the appointment of Jan Erik Back as group chief financial officer. <br/><br/> Back will join Investcorp in the summer. Back has more than 30 years of industry

CBK and IFSB to organize a high-level global conference on Islamic finance
(Arab Times - 29/03/2018)

The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce that they will be organizing a high-level global conference on Islamic finance. The conference will be held on May 2, 2018 in the State of Kuwait in

Dana Gas plans cash dividend despite sukuk dispute
(Gulf Times - 28/03/2018)

Dana Gas will seek shareholder approval to pay a dividend for 2017, it said on Sunday, in a move that could complicate its legal dispute with investors demanding that the company settles $700mn of Islamic bonds.<br/><br/> The United Arab Emirates energy

Emirates NBD shareholders approve Dh7.3 billion rights issue
(Gulf News - 28/03/2018)

The eleventh annual general meeting of Emirates NBD on Tuesday approved the bank’s proposed increase of capital through a rights issue of new shares worth up to Dh7.3 billion.<br/><br/> The increase in capital is believed to be for the acquisition of

QNB announces Internet & Mobile Banking campaign winners
(The Peninsula - 28/03/2018)

QNB has announced 60 active users to win 80,000 Life rewards points. The Bank has recently launched this campaign to encourage customers to take advantage of its Internet and Mobile Banking services.<br/><br/> Customers were eligible to enter the raffle

Commercial Bank announces new leadership changes
(The Peninsula - 28/03/2018)

Commercial Bank, Qatar’s first private bank, has announced changes in the leadership roles that have responsibility for Commercial Bank’s High Net Worth and VIP customers.<br/><br/> Bouchra Sebbata, previously AGM, Head of Sadara Wealth Management, has

Bank Muscat honoured for innovative CSR initiatives
(Oman Daily Observer - 28/03/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, was honoured in recognition of its innovative corporate social responsibility initiatives and contributions to sustainable development at a ceremony hosted by the Ministry of Social

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