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Qatar shows ‘remarkable resilience’ post-blockade, says Doha Bank CEO
(Gulf Times - 30/09/2018)

Qatar has demonstrated “remarkable resilience” since the June 2017 economic blockade by implementing a series of legislative reforms, including achievements in finance and infrastructure development, according to Doha Bank CEO Dr R Seetharaman. At the

Bank Muscat to host 4th edition of technology conference on Oct 2
(Oman Daily Observer - 30/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to innovation in banking convenience, is organising the 4th edition of the Technology Evolution conference on

Damac to showcase premium luxury projects at Cityscape
(Trade Arabia - 30/09/2018)

Damac Properties, a leading luxury real estate developer in the region, will be showcasing its extensive range of properties such as designer villas, luxury apartments, hotel apartments, hotel villas and serviced apartments at the upcoming Cityscape

Nakheel launches sale of Dragon Towers apartments
(Trade Arabia - 30/09/2018)

Master developer Nakheel said it will begin selling apartments at Dragon Towers – its new, twin tower residential complex at Dubai’s Dragon City – from tomorrow (September 30), with prices from Dh449,000 ($122,229) and attractive payment plans.

NBK holds seminar on Boursa Kuwait upgrade
(Arab Times - 30/09/2018)

Dr Husayn Shahrur, Managing Director of the MENA Asset Management Division at NBK Capital, today presented on Kuwait’s upgrade and subsequent inclusion to FTSE Russell’s emerging market index.<br/><br/> His presentation focused on three main

AUB wins prestigious award from CFI
(Arab Times - 30/09/2018)

Ahli United Bank (AUB) announced that it has won the ‘Best Governance Bank in Kuwait 2018’ award from Capital Finance International Magazine. The award, which was granted by Capital Finance International, a leading business and financial services

Saudi Aramco to boost oil capacity by 550,000bpd in Q4
(Reuters - 29/09/2018)

State oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two major oil fields in the fourth quarter, so it would be able to increase production if there’s demand, said a report. <br/><br/> If Aramco

Bahri showcases maritime capabilities during Saudi National Day celebration
(Saudi Gazette - 27/09/2018)

BAHRI, a global leader in logistics and transportation, celebrated Saudi Arabia’s 88th National Day with its participation at an event hosted by the Consulate of the Kingdom of Saudi Arabia in Mumbai at Trident Hotel last Sept. 24. The company showcased

Aldar Investments raises $500m to refinance existing debt
(The National - 27/09/2018)

Aldar Investments Properties, a fully owned subsidiary of Abu Dhabi’s biggest-listed developer Aldar Properties, raised $500 million (Dh1.84 billion) through the sale of its debut Shairah-compliant bonds to refinance existing debt.<br/><br/> The

OAB appoints new head of innovation
(Times of Oman - 27/09/2018)

Oman Arab Bank (OAB) has announced the appointment of Leen Al Atassias the Head of Innovation at the bank. In this newly established position, Leen will lead the banks efforts in introducing innovative new ideas and initiatives that drive continuous

Adnoc awards Dh3.16b contract for gas development project
(Gulf News - 27/09/2018)

Abu Dhabi National Oil Company (Adnoc) on Wednesday awarded a major contract valued at Dh3.16 billion to boost gas supply and meet Abu Dhabi’s growing energy needs.<br/><br/> A consortium of Spain’s Tecnicas Reunidas and Abu Dhabi’s Target Engineering

Ooredoo announces leadership transition in Indosat Ooredoo
(The Peninsula - 27/09/2018)

Ooredoo yesterday announced that Indosat Ooredoo in Indonesia’s current President Director and CEO Joy Wahjudi, is stepping down from his role for personal reasons, but is working closely with Indosat Ooredoo in Indonesia and Ooredoo Group to help ensure

Doha Bank seminar on Qatar’s resilience
(The Peninsula - 27/09/2018)

Governor of the Qatar Central Bank, H E Sheikh Abdulla bin Sauod Al Thani (second left), with Doha Bank Chairman Sheikh Fahad bin Mohammad bin Jabor Al Thani (second right), Managing Director Sheikh Abdul Rehman bin Mohammad bin Jabor Al Thani (left) and

Omantel unveils latest iPhone offers
(Oman Daily Observer - 27/09/2018)

Omantel has announces the launch of the latest iPhone XS & iPhone XS Max at an exciting event in Muscat Grand Mall due to be held today, Thursday, at 7:30 pm. Popular Omani singer, Mohammed al Manji, will entertain guests with a live performance. The

NBO’s $500m EMTN issuance oversubscribed
(Oman Daily Observer - 27/09/2018)

National Bank of Oman (NBO) has successfully issued five-year senior unsecured $500 million notes as part of its updated and up-sized $1.5 billion Euro Medium-Term Note (EMTN) programme.<br/><br/> Unique to Omani financial institutions, the Bank

Aldar takes over UAE property services group Khidmah
(Trade Arabia - 27/09/2018)

UAE-based Aldar Properties said it has acquired the remaining 40 per cent stake in Khidmah, one of the country’s leading integrated property services companies, thus taking its total ownership to 100 per cent.<br/><br/> Khidmah, a trusted partner of

Zain launches zBot, the new face of smart customer service
(Arab Times - 27/09/2018)

Zain, the leading telecommunications company in Kuwait, announced the launch of zBot, an all-new interactive digital channel for smart customer service, making it the first telecom company to launch this innovative solution in Kuwait.<br/><br/> The new

SABIC prepares to meet investors to offer bond
(Arab News - 26/09/2018)

Saudi Basic Industries Corp. (SABIC) is preparing to offer its dollar-denominated unsecured bond to the global market with investor meetings due to start this week.<br/><br/> The Kingdom’s petrochemical giant will be meeting investors in London, New

Air Arabia launches new route to Kabul
(Gulf News - 26/09/2018)

Air Arabia has announced the introduction of its new flight to Kabul, the capital city of Afghanistan, direct from Sharjah, UAE. Air Arabia’s introductory flight to the city will commence on October 4. The two-hour 30-minute flight will operate four

Bank Muscat hosts Sri Lankan central bank chief
(Oman Daily Observer - 26/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’ and commitment to partnership in promoting banking excellence, hosted a banking delegation from Sri Lanka led by Dr Indrajit

Aramco 'committed to cut greenhouse gas emissions'
(Trade Arabia - 26/09/2018)

Saudi Aramco, the world's leading integrated energy and chemicals company, has reinforced its commitment to reduce climate change-causing greenhouse gas emissions, at annual Oil and Gas Climate Initiative (OGCI) meeting in New York.<br/><br/> Saudi

Nakheel awards contract for hitech Jumeirah leisure hub
(Trade Arabia - 26/09/2018)

Master developer Nakheel has awarded a contract worth Dh35 million ($9.5 million) to Dubai-based GBH International Contracting for the construction of a sports, health and leisure hub at the Jumeirah Park community.<br/><br/> The new leisure hub, which

Saudi Electricity Announces a Successful Closing of a USD2.0 bil Dual Tranche International Sukuk Issuance
(Tadawul - 25/09/2018)

With reference to the Saudi Electricity Company (SEC) announcement published on Tadawul on 03/01/1440HD (13/09/2018G) with respect to its intention to commence holding meetings with investors in preparation for potential issuance of sukuk, SEC is pleased

Saudi Aramco Trading aims for 50% rise in oil trade volume in 2020
(Arab News - 25/09/2018)

Saudi's Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company's top official said on Monday.<br/><br/> "Currently ... we're at 4 million

Ooredoo service level agreements take Qatar business connectivity to next level
(Gulf Times - 25/09/2018)

Ooredoo has taken connectivity services for its business customers to the next level, following the revamp of its industry-leading Service Level Agreements (SLAs).<br/><br/> In response to feedback from both large businesses and small- and medium-sized

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