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CBI reports 55 per cent increase first half 2018 net profit
(Gulf News - 31/07/2018)

Commercial Bank International (CBI) on Monday reported Dh81 million net profit for the first half of 2018, up 55 per cent compared to Dh52 million in the same period last year.<br/><br/> Operating profit surged 6 per cent to Dh194 million from Dh183

Woqod reports 35% surge in net profit for H1, 18
(The Peninsula - 31/07/2018)

Qatar Fuel (Woqod) has posted a net profit of QR503m for the first six month of this year (H1, 2018), up 35 percent, or QR130m, compared to QR373m reported for the corresponding period last year.<br/><br/> Saad Al Muhannadi Chief Executive Officer of

Milaha’s net profit grows by 11% in H1
(The Peninsula - 31/07/2018)

Qatar Navigation (Milaha) recorded a net profit of QR297m for the first half of 2018 (H1, 18), up 11 percent compared to QR267m posted during the same period in 2017. Milaha’s operating revenues reached QR1.25bn, up from QR1.15bn on

Aamal records QR 652.7m in group revenue for H1
(The Peninsula - 31/07/2018)

Aamal Company (Aamal), one of the fastest growing diversified companies in the region, has delivered QR228.9m as net profit attributable to equity holders for the first six months ended June 2018. The group’s gross profit is down by 20.6 percent to QR

Bank Dhofar, NBO to start merger talks
(Oman Daily Observer - 31/07/2018)

The Board of Directors of Bank Dhofar and and the National Bank of Oman (NBO) have decided to start a dialogue to study the possibility of a merger between the two institutions.<br/><br/> In separate filings to Muscat Securities Market (MSM), both banks

Bank Sohar Q2 net profit surges 21pc to $36m
(Trade Arabia - 31/07/2018)

Bank Sohar, a leading bankin Oman, has posted a net profit of RO13.982 million ($36.23 million) for the second quarter (Q2) of the year as compared to a net profit of RO11.566 million during the same period in year 2017, marking a growth of 20.89 per

Sico H1 net profit up 19pc to hit $6.6m
(Trade Arabia - 31/07/2018)

Bahrain-based Sico, a leading regional asset manager, said that its net profit for the first half of 2018 increased by 19 per cent to BD2.5 million ($6.6 million) from BD2.1 million for the corresponding period of last year. <br/><br/> Total operating

Agility wins $142m US defence contract
(Trade Arabia - 31/07/2018)

Agility, a leading global logistics provider in the region, said one of its subsidiaries Agility Public Warehousing Company, has won a contract worth $62 million from the US Defence Logistics Agency (DLA) to provide fuel storage service at Guam, a US

GFH fully settles $200m sukuk
(Gulf News - 30/07/2018)

Gulf Finance House said on Sunday it has fully settled its $200 million (Dh734 million) sukuk, which was originally drawn in 2007. The facility,which was payable over several tranches with final maturity in July 2018, has now been settled with a recent

National Petrochemical Company 2Q net profit up 118% on improved sales
(The National - 30/07/2018)

Saudi Arabia's National Petrochemical Company said second-quarter net income jumped 118 per cent on higher selling prices and recovering sales volumes.<br/><br/> Net income in the three-month period ending June 30 climbed to 288 million riyals (Dh282m),

Saudi Electricity Co second quarter net profit falls 17.3%
(Gulf News - 30/07/2018)

Saudi Electricity Co (SEC), the Gulf’s largest utility firm, reported a 17.3 per cent drop in second-quarter net profit on Sunday as revenues from electricity services fell and financing costs rose. The company, which the government is aiming to

Ooredoo announces QR15.3bn in revenue for H1,18
(The Peninsula - 30/07/2018)

Telecom giant Ooredoo recorded a QR15.3bn in revenue for the first half of 2018 (H1 2018). The revenues were mainly driven by strong contributions from Qatar, Iraq, Oman, Kuwait, Tunisia and Myanmar. Group revenue decreased 6 percent

Bank Muscat salary transfer drive evokes strong response
(Oman Daily Observer - 30/07/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, has evoked strong response to the salary transfer campaign offering attractive cash prizes for al jawhar Privilege banking customers. Launched for the second consecutive year, the

Damac announces sale of Business Bay tower units
(Trade Arabia - 30/07/2018)

Damac Properties, a leading luxury property developer, has announced the release of exclusive one- and two-bedroom apartments at its Reva Heights development in Dubai’s prestigious Business Bay for sale.<br/><br/> Offering exquisitely-designed spaces at

Sabic Q2 profits jump 81pc to $1.79bn
(Trade Arabia - 30/07/2018)

Saudi Basic Industries Corp (Sabic), a global petrochemicals giant, reported a net profit of SR6.70 billion ($1.79 billion) for the second quarter of this year, the company said in a bourse statement.<br/><br/> The figure was an 81 per cent increase

GFH to buy UAE lifestyle tech platform Entertainer
(Trade Arabia - 30/07/2018)

Bahrain-based GFH Capital, a leading financial group in the region, has reached an agreement with leading UAE conglomerate Al Futtaim to complete the landmark acquisition of the Entertainer, one of the leading incentive providers and lifestyle technology

Emaar Malls H1 net profit surges 8pc to $300m
(Trade Arabia - 30/07/2018)

Emaar Malls, the shopping malls and retail business of UAE developer Emaar Properties, has registered a net profit of Dh1.102 billion ($300 million) during the first half, up 8 per cent over Dh1.021 billion ($278 million) last year. <br/><br/> Announcing

KAMCO issues KD 40m bond with 5-year tenure
(Arab Times - 30/07/2018)

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, issued a KD 40 million, five-year tenure bond, with KAMCO and Gulf Bank as Joint Lead Managers and Arrangers for the debt securities issuance.<br/><br/> The

Saudi’s Bahri reports 20% profit rise on fleet expansion
(The National - 29/07/2018)

National Shipping Company of Saudi Arabia, or Bahri - one of the world's biggest operators of large oil vessels - posted a 20 per cent year-on-year rise in net profit for the second quarter of 2018, driven by stronger performance across its business

Bank Sohar expands ATM network at key locations
(Times of Oman - 29/07/2018)

Expanding its operational network to provide further convenience to its customers, Bank Sohar has introduced two new offsite ATMs at two of Oman’s most recent landmark developments, including the Muscat International Airport, arrivals hall, and the new

Doha Bank names its fifth ‘Al Dana Young Saver’ winner
(The Peninsula - 29/07/2018)

Doha Bank yesterday announced A S N Al Thani as the latest lucky winner in its ‘Al Dana Young Saver’ scheme. The fifth winner of the year was revealed during an exciting prize draw ceremony, which took place recently at Doha Festival City Mall.<br/><br/>

Arab Bank Group net profit up 5pc to $436m
(Trade Arabia - 29/07/2018)

Arab Bank Group has reported net income after tax for the six months period ended 30 June 2018 of $436 million compared to $415 million in prior period, recording a growth of 5 per cent.<br/><br/> The Group’s net income before tax grew by 6.4 per cent to

Saudi Aramco mulls global bond sale for first time
(Trade Arabia - 29/07/2018)

Saudi Aramco is weighing tapping the international bond market for the first time to finance the acquisition of petrochemical giant Sabic, a move into global capital markets that could offer an alternative to an initial public offering, said a report

Aramco to buy Sabic petrochemical?
(Arab Times - 29/07/2018)

SAUDI ARAMCO last week announced its intention to buy a major share in the Saudi petrochemical company Sabic, which is the fourth largest company in the world with market value close to $100 billion. It has appointed two major American financial

ABK posts 18 pct rise in H1 net profit
(Arab Times - 29/07/2018)

Al Ahli Bank of Kuwait (ABK) today reported an 18 percent increase in net profit for the first half ending June 30, 2018. The upward trend in 2018 continued as ABK’s net profit for the period reached KD 19.1 million and operating income was KD 83.8

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