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Al-Falih: Aramco IPO could still happen in 2018
(Saudi Gazette - 23/03/2018)

Saudi Arabia may still move forward with an initial public offering (IPO) for state oil company Saudi Aramco on an international exchange such as London or New York in the second half of 2018, despite previously raising doubts it could be delayed to next

Emirates NBD closes in on Denizbank acquisition
(Arab News - 23/03/2018)

Emirates NBD could agree to buy Turkey’s Denizbank within weeks, after intense lobbying by the Turkish bank to convince President Tayyip Erdogan of the benefits of the potential $5.3 billion deal.<br/><br/> Dubai’s biggest bank, Emirates NBD said it was

Saudi Aramco may create employee shareholders says US think tank
(Arab News - 23/03/2018)

Saudi Aramco could grant shares to employees in any forthcoming initial public offering, according to an analysis of the company charter it adopted at the beginning of the year.<br/><br/> The new charter also allows Aramco to issues different classes of

Abu Dhabi's Aldar raises foreign ownership limit to 49%
(The National - 23/03/2018)

The shareholders of Aldar Properties have approved raising its foreign ownership limit by 9 per cent, allowing foreigners to own up to 49 per cent of Abu Dhabi’s biggest-listed developer, the company said on Thursday.<br/><br/> The developer behind

Zain Group supports Kuwait Investment Forum 2018
(Arab Times - 23/03/2018)

Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah at Bayan Palace and Jaber

UDC to launch island project in QR5.5bn expansion plan
(Gulf Times - 22/03/2018)

United Development Company, the master developer of The Pearl-Qatar, will be launching a new state-of-the-art island project as part of UDC’s QR5.5bn estimated investment for the next five years.<br/><br/> UDC chairman Turki bin Mohamed al-Khater, who

Masraf Al Rayan launches Qatar ETF
(The Peninsula - 22/03/2018)

Qatar’s first Shari’a-compliant exchange traded fund and arguably, the largest single-country Shari’a compliant ETF in the world was listed on Qatar Stock Exchange (QSE) yesterday. The Al Rayan Qatar ETF (stock exchange ticker: QATR) traded more than

QIIB announces appointment of Qataris as top executives
(The Peninsula - 22/03/2018)

QIIB has announced the appointment of Sheikh Abdulaziz bin Abdullah bin Faisal Al Thani, as the Chief- Corporate Banking Sector and Sheikh Mohammed bin Ali Al Thani as Chief-Treasury & Investments. The appointments are in line with QIIB strategy, which

Crescent, Dana to raise Kurdistan gas production
(Gulf News - 22/03/2018)

Pearl Petroluem, a consortium led by Crescent Petroluem and Dana Gas, on Wednesday said that it has signed a 10-year gas sales agreement with the Kurdistan regional government.<br/><br/> Under the agreement, it plans to supply and sell additional

HSBC Bank Oman marks 70 years in Oman
(Oman Daily Observer - 22/03/2018)

Celebrating 70 years of supporting Oman’s economic growth and development is the focus of a series of roadshows launched this week at HSBC Bank Oman’s branches across the country to mark the bank’s milestone anniversary with customers and

Bank Muscat Priority Banking opens new asalah centre in Rustaq
(Oman Daily Observer - 22/03/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its new vision ‘To serve you better, every day’, marked the expansion of asalah Priority Banking network with the inauguration of a new personalised banking asalah

Etisalat clears full-year 2017 dividends of 80 fils per share
(The Gulf Today - 22/03/2018)

At Etisalat’s annual general meeting, held at the company’s headquarters in Abu Dhabi, shareholders have backed the board’s recommendation to pay full-year 2017 dividends of 80 fils per share. The AGM also approved the board proposed Buy-back program of

Adnoc signs offshore concession deals with CNPC
(Trade Arabia - 22/03/2018)

The China National Petroleum Corporation (CNPC), the world’s third-largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (Adnoc)

Aramco’s US$7bil investment in Rapid by end of the month
(The Star - 21/03/2018)

The negotiation on Saudi Arabia Aramco’s US$7bil investment in Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, has been concluded, says Minister in the Prime Minister’s Department

Oman Insurance Company to distribute 10% Dividend
(Press Release - 21/03/2018)

Oman Insurance Company held its Annual General Assembly meeting yesterday which was presided over by H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of the Board of Directors. The Board approved the proposal to distribute cash dividends for 2017 at the rate

Arkan Bank could tap investors for $100mln through Nasdaq listing
(Reuters - 21/03/2018)

The new Islamic bank being set up by a group of investors led by Dubai Investments could raise up to $100 million within the first 12 months after its listing on Nasdaq Dubai, according to a senior official involved in the deal. Dubai Investments

Aldar and Emaar shares climb after Dh30bn strategic alliance
(The National - 21/03/2018)

The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international projects worth Dh30 billion a day earlier. Aldar shares rose

Mobily is racing to a smarter future in partnership with Ericsson
(Saudi Gazette - 21/03/2018)

ETIHAD Etisalat ‘Mobily’ in cooperation with Ericsson are preparing an IoT world program to be the first of its kind in the Kingdom that aims to create an interactive platform between university students and staff in order to develop IoT locally and

National Detergent board approves 45% dividend
(Times of Oman - 21/03/2018)

At the Annual General Meeting (AGM) of National Detergent Company held at Grand Hyatt Hotel on March 12 the board has approved distribution of 45 per cent dividend for the year 2017. The meeting was held in the presence of the Board Chairman Redha Baqir

Al Ramz approves dividend distribution of 6%
(Gulf News - 21/03/2018)

Al Ramz Corp said its general assembly has approved a dividend distribution of 6 per cent of the capital.<br/><br/> The distribution represents more than 50 per cent of the net profits achieved for the year and a 20 per cent increase on the dividends

Al Waleed plans Kingdom spin-off as he weighs deals
(Gulf News - 21/03/2018)

Prince Al Waleed Bin Talal, just weeks after his release from detention in Riyadh’s Ritz-Carlton, is hunting for deals again and planning to reshape his investment empire.<br/><br/> The prince, in his first interview since leaving the hotel seven weeks

Mashreq Bank in payment partnership with Alipay
(Gulf News - 21/03/2018)

Mashreq Bank on Tuesday announced its partnership with Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group.<br/><br/> The association with Alipay, enables Chinese customers carry out payments at

Omantel Wal Awael’ strengthens intergenerational communication
(Oman Daily Observer - 21/03/2018)

Omantel has successfully completed its fourth edition of the “Omantel Wal Awael” programme by training 30 elderly people on the use of modern technology. The initiative, which has been found as a result of Omantel’s firm belief in the importance of

Dubai Investments to launch new Islamic bank
(Trade Arabia - 21/03/2018)

Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million.<br/><br/> The authorised share capital of Arkan Bank will be $500

KGL Transport wins key US army contract in ME
(Trade Arabia - 21/03/2018)

Kuwait & Gulf Link Transport (KGL), an international logistics firm based in Kuwait, revealed that the US Army has awarded it a new contract to support heavy line haul operations for the US Military throughout the Middle East.<br/><br/> Under the terms