2018 2017 2016 2015 2014 2013 2012 2011 News Archive
January February March April
SHUAA Completes Acquisition of Integrated Securities and Integrated Capital
(Press Release - 24/04/2018)

SHUAA Capital is pleased to announce the completion of its acquisition of Integrated Securities (“IS”) and Integrated Capital (“IC”), following final approval by the Emirates Securities and Commodities Authority and the Central Bank of the United Arab

Nakilat gets ISO 45001:2018 in occupational health and safety
(Gulf Times - 24/04/2018)

Nakilat has become the first company in Qatar to be certified with the new ISO 45001:2018 Occupational Health and Safety Management System (OH&S) standard, issued by Lloyd’s Register Quality Assurance.<br/><br/> This internationally-recognised

Alinma Bank has special offers at Riyadh Real Estate Exhibition
(Saudi Gazette - 24/04/2018)

Alinma Bank is participating at the Riyadh Real Estate Exhibition which opened on April 22 at the Riyadh International Convention and Exhibition Center under the patronage of Majid bin Abdullah Al-Huqail, the Minister of Housing. Other organizations

Oman Arab Bank hosts forum of chief risk officers
(Times of Oman - 24/04/2018)

Oman Arab Bank (OAB), one of the country’s leading financial institutions, recently hosted the Institute of International Finance (IIF) Middle East and Africa Chief Risk Officer Forum.<br/><br/> The forum brought together risk officers from IIF member

QNB inks landmark merchant agreement with Qatar Rail
(The Peninsula - 24/04/2018)

QNB Group, the largest financial institution in the Middle East and Africa region, has signed a landmark merchant agreement with Qatar Rail, which will see the bank join as a strategic partner and the official Acquirer Bank for all TravelCard and Fare

QEWC records QR394m net profit in Q1 this year
(The Peninsula - 24/04/2018)

The utility major Qatar Electricity and Water Company (QEWC) has recorded a net profit of QR394m for the first quarter of 2018 (Q1,18), up from QR350m posted during the same period in 2017. QEWC’s first quarter sales reached QR660m, compared to QR720m

Amanat increases dividend payout by Dh11.4m
(Gulf News - 24/04/2018)

Amanat said on Monday it plans to increase its dividend payout by Dh11.4 million following requests from their shareholders at its annual general meeting.<br/><br/> The total dividend payout will now be 1.956 fils per share compared to the earlier 1.5

Damac shareholders approve dividend cut
(Gulf News - 24/04/2018)

Damac Properties Dubai Co. shares tumbled after its shareholders approved a lower dividend than what its board recommended for 2017. Shareholders at the real-estate developer approved a payout of 15 fils per share compared with the board’s recommendation

Bank Muscat reiterates commitment to customer service excellence
(Oman Daily Observer - 24/04/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ hosted customers who use the dedicated social media customer service @bankmuscatcare account on Twitter. The meeting attended

Mashreq Q1 net profit up 9.5pc to $163m
(Trade Arabia - 24/04/2018)

Mashreq, one of the leading financial institutions in the UAE, has posted a net profit of Dh598 million ($163 million) for the first quarter of the year, reflecting a yea-on-year increase of 9.5 per cent due to a 4 per cent increase in operating

Adnoc to set up unit for non-speculative trading
(Trade Arabia - 24/04/2018)

The Abu Dhabi National Oil Company (Adnoc) said it is establishing a new trading unit to introduce and manage non-speculative trading to further maximize value from every barrel of crude oil and refined product that is produced and marketed by the

Amanat increases payout by AED 11.4 MN at Annual General Meeting
(Press Release - 23/04/2018)

Amanat Holdings PJSC (“Amanat”), the GCC’s largest healthcare and education investment company, today announced that it has concluded its annual general meeting (“General Meeting”) on April 22, 2018. <br/><br/> The Board report for the Company’s

Union Properties shareholders dismiss chairman, two board members
(The National - 23/04/2018)

Union Properties, the Dubai-based developer that swung to a Dh2.38 billion loss last year, said on Sunday its shareholders dismissed the chairman, and two other board members at the annual general assembly, without giving a reason for the

UDC & QNB sign LoI to finance Gewan Island project
(The Peninsula - 23/04/2018)

United Development Company (UDC), one of Qatar’s leading shareholding companies and master developer of The Pearl-Qatar, and QNB have signed a letter of intent (LoI) to work on providing future financing required for the development of Gewan Island

Doha Bank records 4.7% profit growth
(The Peninsula - 23/04/2018)

Doha Bank has recorded a solid net profit of QR381m for the first quarter of 2018 (Q1, 18), up 4.7 percent, compared to QR364m for the same period in 2017. The Bank increased net interest income by 7.5 percent to QR560m. Total assets increased by

Vodafone Qatar connects Lusail City to the future
(The Peninsula - 23/04/2018)

An agreement signed by Vodafone Qatar and Qatari Diar Real Estate Investment Company today sets Lusail City on course to become one of the most technologically advanced and connected cities in the world.<br/><br/> The extensive agreement reinforces

DIB’s Dh1.6b priced at Dh3.11 per share
(Gulf News - 23/04/2018)

Dubai Islamic Bank said on Sunday its Dh1.64 billion rights issue will be priced at Dh3.11, about 74 per cent lower than the market price. The rights issue will increase the bank’s capital to Dh6.589 billion from the earlier Dh4.94 billion, the bank said

Emaar Properties declares cash dividend of Dh1b
(Gulf News - 23/04/2018)

Emaar Properties PJSC on Sunday evening approved the distribution of a Dh1 billion ($272.25 million) dividend to shareholders.<br/> Sunday’s announcement brings the total cash dividend for the year to Dh4 billion ($1.089 billion). The distribution of Dh3

Alba teams win at the Annual Raft Race
(Trade Arabia - 23/04/2018)

Aluminium Bahrain (Alba) revealed that its raft racing teams emerged winners in the 42nd Annual Raft Race, with the teams scoring the second place in the Lagoon (Mixed teams) category and fourth position in the Open Sea (Mens) category.<br/><br/> The

Nakheel awards $162m construction contract for mall
(Trade Arabia - 23/04/2018)

Dubai-based master developer Nakheel has awarded a contract worth Dh595 million ($162 million) for the construction of Nad Al Sheba Mall, its new, 1.4 million-sq-ft shopping, dining and entertainment destination.<br/><br/> The new destination has a total

Mobily quarterly loss down
(Trade Arabia - 23/04/2018)

Mobily, a leading telecom provider in Saudi Arabia, has decreased its quarterly losses in Q1 2018 by 49 per cent to SR93 million ($24.84 million) compared to SR182 million in Q4 2017. <br/><br/> This was mainly due to the growth of revenues driven by

KIB reports KD 7.7mn net profit for Q1
(Arab Times - 23/04/2018)

Kuwait International Bank (KIB) reported a net profit attributable to shareholders of KD 7.7 million at the end of the first quarter of 2018. Net profit increased by 1.5 percent, or KD 0.1 million, as compared to the same period of last year.<br/><br/>

Global shareholders approve 5% cash dividend for 2017
(Arab Times - 23/04/2018)

Global Investment House (“Global” or the “Company”), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, held today its Annual General Meeting.<br/><br/> The

Etisalat is region’s most valuable brand — report
(Arab News - 22/04/2018)

Abu Dhabi-based telco Etisalat has been named as the region’s most valuable brand for 2018, rising by 40 percent to $7.7 billion in the past year, according to consultancy Brand Finance, with leading Saudi firms also experiencing gains.<br/><br/> Drivers

Al Khaliji posts 5.3% rise in its net profit to QR169.6mn in 1st quarter
(Gulf Times - 22/04/2018)

Al Khalij Commercial Bank’s (Al Khaliji) net profit in the first quarter of 2018 stood at QR169.6mn, representing a 5.3% increase over the same period last year, it was announced yesterday.<br/><br/> Al Khaliji chairman and managing director Sheikh Hamad