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Saudi Aramco, US group NOV to set up drilling equipment JV
(Trade Arabia - 29/06/2018)

State oil giant Saudi Aramco said it has signed a shareholder agreement with US-based National Oilwell Varco (NOV) to set up an integrated world-class on-shore rig and equipment manufacturing and aftermarket facility at Ras Al Khair near the Jubail

Bupa Arabia unveils a game changer in healthcare industry
(Saudi Gazette - 28/06/2018)

Technological advancements have shaped the world as we know it. As a matter of fact, successful customer experience has to keep moving apace current and ever-changing digital trends to accommodate to client needs. In particular, the healthcare industry

Dana Gas says investments in Abraaj funds valued at $6m
(Gulf News - 28/06/2018)

Dana Gas said on Wednesday that it holds $6 million (Dh22 million) in investments in Abraaj Infrastructure Fund, a fund managed by an affiliate of Abraaj Investment Management.<br/><br/> The company said the investment is already part of its balance

Nama Group posts OMR1.12bn in revenue
(Times of Oman - 28/06/2018)

Electricity company, Nama Group on Wednesday, announced that its revenue had reached OMR1.12 billion. The company also revealed that the group's total investments in the development of transmission and distribution networks of their company had touched

DSI share prices dive 10% — again
(Gulf News - 28/06/2018)

Drake and Scull’s (DSI) share prices plunged 10 per cent, the maximum permissible drop on a stock, on Wednesday for the third day in a row, bringing its year-to-date decline to around 68 per cent.<br/><br/> The stock led losses across the Dubai Financial

Ahli United Bank launches mobile app for customers’ feedback
(Biz Bahrain - 28/06/2018)

Ahli United Bank has launched ‘AUB MyVoice’, a new mobile application designed to make it easier for customers to communicate with the Bank and report any concerns, complaints or suggestions they might have relating to their banking experience with

Special beIN Sports discounts for Omantel HBB customers
(Oman Daily Observer - 28/06/2018)

Omantel is bringing the thrill of ‘2018 World Cup’ to homes with a special discount up to RO 29 on beIN Sports for home broadband customers. “As part of our transformation strategy, we strive to exceed our customers’ expectations and keep delivering

Emaar teams up with Kalyan Group in Africa for expansion
(The Gulf Today - 28/06/2018)

Emaar Hospitality Group, the hospitality and leisure business of Dubai-based global developer Emaar Properties, has, in partnership with the Kalyan Group, marked its expansion to Sub-Saharan Africa to operate Address Hotel 2 Février Lomé Togo, an iconic

Viva Bahrain, PIE to launch self-service machines
(Trade Arabia - 28/06/2018)

Payment International Enterprise (PIE), a top fintech company in Bahrain has partnered with telecom provider Viva Bahrain to launch new self-service machines allowing customers to complete various transactions via a one stop solution.<br/><br/> The

Amanat acquires real estate assets of NLCS Dubai
(Trade Arabia - 28/06/2018)

Amanat Holdings, a top healthcare and education investment company, has acquired the real estate assets of North London Collegiate School (NLCS) Dubai, a premium baccalaureate curriculum school for Dh360 million ($98 million).<br/><br/> Amanat has

A wide range of investment plans to KFH customers
(Arab Times - 28/06/2018)

Kuwait Finance House (KFH) rolls out a wide range of long-term investment plans specifically designed to fulfil all customers’ needs and meet their aspirations, yet reinforce the culture of planning for the future and reiterate the Bank’s pioneering

Abu Dhabi's Eshraq Properties drops merger plans with Reem Investments
(The National - 27/06/2018)

Eshraq Properties has dropped plans to merge with fellow Abu Dhabi developer Reem Investments, after the two companies could not agree on the terms of the transaction, the company said on Tuesday.<br/><br/> "The strategic investment of Reem Investments

Doha Bank showcases Qatar’s economic resilience in Geneva
(The Peninsula - 27/06/2018)

Doha Bank CEO, Dr R Seetharaman (pictured), participated in the commencement ceremonies of EU Business School in Geneva, Switzerland and Munich, Germany, recently and showcased Qatar’s sustainability one year after the blockade, and also highlighted

OAB meets job seekers in Musandam
(Oman Daily Observer - 27/06/2018)

As part of its efforts to enable young Omanis to start their careers in the banking sector, Oman Arab Bank (OAB), in collaboration with the Ministry of Manpower, recently organised a series of job interviews for locals in Musandam; a select few of which

Alba Casthouse 3 commissions new batch homogeniser
(Trade Arabia - 27/06/2018)

Aluminium Bahrain (Alba), an international aluminium smelter, recently commissioned the state-of-the-art batch homogeniser from Hertwich Engineering, a company of the SMS group, in Casthouse 3 for specialised billet requirements.<br/><br/> This new

Abu Dhabi NPCC wins $450m Adnoc contracts
(Trade Arabia - 27/06/2018)

UAE-based National Petroleum Construction Company (NPCC) has been awarded an Dh1.65-billion ($450 million) contract by Abu Dhabi National Oil Company (Adnoc) to develop its Bu Haseer offshore field in Bahrain, said a report.<br/><br/> NPCC is a unit of

Gulf Capital completes exit from Gulf Marine Services
(Trade Arabia - 27/06/2018)

Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, recently completed its full exit from Gulf Marine Services (GMS) through four consecutive block sales over the last month on the London Stock

Agility to set up logistics hub in Suez Zone
(Trade Arabia - 27/06/2018)

The Suez Canal Authority has signed a protocol of cooperation with Agility, a leading global logistics provider, to establish a logistic centre in Egypt’s East Port Said Governorate, an important and strategic site on the Mediterranean Sea.<br/><br/> The

Saudi Telecom retains JWT, awards corporate account
(Trade Arabia - 26/06/2018)

Saudi Telecom Company (STC) has retained J Walter Thompson (JWT) Saudi Arabia for the Consumer Business Unit (CBU) account and additionally awarded the operator’s Corporate Account, after a rigorous selection process.<br/><br/> STC launched an exhaustive

Zain Bahrain, Swiss-Bel Residences Juffair sign enterprise deal
(Trade Arabia - 26/06/2018)

Telecom provider Zain Bahrain has announced a new enterprise partnership with Swiss-Bel Residences Juffair to provide a full connectivity solution for hotel operations as well as facilities with high-speed internet.<br/><br/> The partnership was signed

DFM distributes $4.3bn in dividends in 2017
(Trade Arabia - 26/06/2018)

Dubai Financial Market (DFM) has distributed cash dividends worth AED15.8 billion to 466,482 investors for the financial year 2017, a media report said.<br/><br/> The number of listed companies that have outsourced the dividend distribution process to

Adnoc, Aramco, Indian firms enter $44bn refinery deal
(Trade Arabia - 26/06/2018)

Abu Dhabi National Oil Company (Adnoc), Saudi Aramco and a consortium of three Indian oil companies have signed a framework agreement to explore a strategic partnership and co-investment in the development of a new $44 billion mega refinery and

Saudi petchems firm to set up Dh1.54bn South Korean plant
(The National - 25/06/2018)

Saudi Arabia's Advanced Petrochemical Company signed an agreement with South Korea's PolyMirae through its subsidiary to set up a $420 million (Dh1.54 billion) polypropylene plant through a joint venture.<br/><br/> The Saudi firm's South Korean chemical

KHCB sponsors the activities of the Bahrain Sports Federation for Disabilities
(Biz Bahrain - 25/06/2018)

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has announced its sponsorship of the events and activities of the Bahrain Sports Federation for Disabilities, as part of its firm commitment to its social

RakBank, Xpress Money partner for payment service
(Trade Arabia - 25/06/2018)

RakBank, a leading bank in the UAE, has partnered with Xpress Money, a major money transfer brand, to offer convenient money transfer services to RakBank customers through the bank’s remittance service RAKMoneyTransfer (RMT).<br/><br/> The bank’s money

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