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QNB revises up oil price forecast to $72 for 2018
(The Peninsula - 20/09/2018)

QNB has revised up its forecasts for average annual oil prices to $72/b for 2018 from $69/b and to $69/b in 2019 from $66/b. Both demand and supply factors, however, suggest a tilt towards lower prices in 2019 as global demand cools and infrastructure

QIB wins two awards at New Age Banking Summit
(The Peninsula - 20/09/2018)

Qatar Islamic Bank (QIB), country’s leading Islamic bank, received two awards from New Age Banking & Finance Awards 2018, as part of the seventh edition of New Age Banking Summit Qatar which was supported by Qatar Central Bank, and Qatar Financial Center

Nakilat showcases its expertise at Gastech 2018
(The Peninsula - 20/09/2018)

Nakilat is participating in the Gastech 2018 Exhibition and Conference currently taking place in Barcelona, Spain from 17 to 20 September 2018. One of the largest LNG-centric events globally, Gastech attracts more than 30,000 professionals from the

Al Hilal Bank successfully closes $500m sukuk
(The Gulf Today - 20/09/2018)

Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch has successfully closed a $500 million 5-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the

Sabic, Clariant sign deal for speciality materials
(Trade Arabia - 20/09/2018)

Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business.<br/><br/> The strategic purpose of this

Al Ahli Bank of Kuwait prints $300 million perpetual bond
(Arab Times - 20/09/2018)

Al Ahli Bank of Kuwait has issued $300 million in perpetual bonds, according to a bank document seen by Reuters. Perpetual bonds are similar to an equity instrument in the fact that they have no maturity. The Kuwaiti lender, rated A2 by Moody’s and A+ by

Clariant and SABIC deepen ties under new partnership
(Arab News - 19/09/2018)

Switzerland’s Clariant and new anchor shareholder Saudi Basic Industries Corp. (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.<br/><br/> The new joint

Alizz Islamic inks pact with Takaful Oman
(Times of Oman - 19/09/2018)

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fledged Islamic insurance provider, to add

Du inks deal with ADGM
(Gulf News - 19/09/2018)

Dubai-based telecom operator du has announced a new partnership with the Abu Dhabi Global Market (ADGM) to facilitate its digital transformation agenda. <br/><br/> The MoU sets a formal framework for du to work with ADGM in exploring and developing

Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture
(The Peninsula - 19/09/2018)

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Limits of Architecture” was held with the participation

Saudi Aramco unit hosts first graduation ceremony
(Trade Arabia - 19/09/2018)

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 drilling and services companies.<br/><br/> This comes in

Aldar Properties wins award for Emiratisation
(Trade Arabia - 19/09/2018)

Aldar Properties, a leading developer in Abu Dhabi, has announced that it had won a prize in the small company category of the Emirates Emiratisation Awards, an initiative of the UAE's Ministry of Human Resources and Emiratisation.<br/><br/> HH Sheikh

Investcorp launches debut investment in China
(Trade Arabia - 19/09/2018)

Investcorp, a global provider and manager of alternative investment products, has announced its first private equity investment in China since its inception in 1982.<br/><br/> Investcorp has partnered with China Everbright Limited, a reputable

Aldar Properties unit to start sukuk roadshow
(Gulf News - 18/09/2018)

Aldar Properties said on Monday that its subsidiary Aldar Investment will commence a series of meetings to issue fixed-rate US dollar denominated sukuk with a tenor of five to 10 years.<br/><br/> The meetings will be with fixed income investors in the

QIC Group to increase ties with Romania
(The Peninsula - 18/09/2018)

The Senior Deputy Group President & CEO of Qatar Insurance Company (QIC) Group, Ali AlFadala recently met with the Ambassador of Romania to Qatar, Cristian Tudor at QIC headquarters in West Bay.<br/><br/> While discussing means of enhancing bilateral

Bank Muscat al Wathbah Academy begins new session
(Oman Daily Observer - 18/09/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to strengthen support to small and medium enterprises (SMEs), has enrolled new batches at al Wathbah Academy

Investcorp acquires biggest US warehouse portfolio for $300m
(Trade Arabia - 18/09/2018)

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate team had recently acquired its largest US warehouse portfolio, totalling 4.5 million sq ft and including 56

Sreco awards $293m contract for giant Saudi project
(Trade Arabia - 18/09/2018)

Saudi Real Estate for Infrastructure Company (Binyah) has won a SR1.1-billion ($293 million) infrastructure contract from the kingdom's leading developer Al Akaria Saudi Real Estate (Sreco) for its giant Al Widyan project near capital Riyadh.<br/><br/>

Sico gets key Dubai Financial Market accreditation
(Trade Arabia - 18/09/2018)

Sico, a leading regional asset manager, brokerage, and investment bank, has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM).<br/><br/> Its functions will include making bids and offers for

Saudi Cable Company sells entire stake in Turkish group
(Trade Arabia - 18/09/2018)

Saudi Cable Company said it has signed an agreement to sell the company's entire stake in Demirer Kablo, a leading manufacturer of high and extra high voltage energy cables in Turkey, to Chinese group Jiangsu Zongitan Technology (ZTT). <br/><br/> All

Tabarak raises stake in Drake and Scull to 13.73%
(The National - 17/09/2018)

Private equity firm Tabarak Investment has increased its shareholding in Drake and Scull International, despite a drop in the Dubai contracting company's shares and ahead of a shareholder meeting later this month, that may decide the company's

Aramco, Schneider sign agreement for 4IR solutions
(Trade Arabia - 17/09/2018)

Saudi Aramco and Schneider Electric Saudi Arabia have signed an agreement to pursue a variety of Fourth Industrial Revolution (4IR) solutions under the Digital Transformation Program led by Saudi Aramco’s Technical Services.<br/><br/> Ahmad A Al Ghamdi,

Emirates NBD expands Saudi branch network
(Trade Arabia - 17/09/2018)

Emirates NBD, a leading banking group in the Middle East, has expanded its presence in Saudi Arabia with the opening of its branch in Khobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with presence in Riyadh,

ADIB raises $750 million in sukuk
(The Gulf Today - 16/09/2018)

Abu Dhabi Islamic Bank (ADIB), announced that it has successfully raised $750 million of additional Tier 1 through a perpetual sukuk that complies with Basel III regulatory framework issued by the Central Bank of the UAE.<br/><br/> ADIB, which is rated

RAK Properties, UK firm to develop new tourism destination
(Trade Arabia - 16/09/2018)

RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, is collaborating with leading international British architectural design firm RMJM to create a unique take on outdoor entertainment on Hayat Island at

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