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Cisco in deals with Saudi Telecom, Vodafone, Reliance Jio
(Seeking Alpha - 28/02/2017)

Among a number of announcements tonight at Mobile World Congress, Cisco Systems (NASDAQ:CSCO) says it's signed a managed services agreement that extends a longtime relationship with Saudi Telecom Co. The three-year deal will deliver a Network Operating

ADNIC sustains profitability with 161 per cent increase in net profit
(Press Release - 28/02/2017)

ADNIC has sustained its profitability throughout the year 2016 with strong underwriting results and net technical profit. Net profit increased from AED 205 million for 2016, compared to a net loss of AED 334.5 million for 2015. The realignment of ADNIC's

NBK-Bahrain reports net profits of BHD 73.415 million for 2016
(Press Release - 28/02/2017)

National Bank of Kuwait-Bahrain (NBK Bahrain), the branch of NBK Group in Bahrain, reported net profits of BHD 73.415 million (KWD 59.638 million) for the year 2016 compared with BHD 64.207 million (KWD 52.158 million) in 2015, a growth of 14 per cent

al khaliji holds the 2nd edition of its ‘Tajer’ Financial Education Wo
(CPI Financial - 28/02/2017)

al khalij Commercial Bank (al khaliji) P.Q.S.C., has partnered with Carnegie Mellon University in Qatar (CMU-Q) for the second consecutive year, to host its financial markets literacy and education workshop ‘Tajer’. The initiative, which targets

Ajman Bank signs financing agreement with Saudi German Hospitals Group
(CPI Financial - 28/02/2017)

Ajman Bank has signed a financing agreement with Saudi German Hospitals Group for the construction project for the development of Saudi German Hospital – Ajman (SGH-Ajman) with 150- bed facility in the emirate of Ajman. The total project cost is AED

BBK posts $149.6m net profit for 2016
(Trade Arabia - 28/02/2017)

BBK, a leading retail bank in Bahrain, has announced a net profit of BD56.4 million ($149.60 million) attributable to owners for the financial year ended December 31, 2016. The net profit is 6 per cent higher compared to the previous year (2015: BD53.2

ENBD backs ‘water from air’ SME
(Trade Arabia - 28/02/2017)

One of the UAE’s biggest banks has signed up with a Dubai SME to provide four-year, interest-free payments for buyers of revolutionary machines which literally convert air into water. The deal between Emirates NBD and Dubai-based Sky River was signed at

Zain Saudi, Ericsson in MoU to develop cloud, data center solution
(Trade Arabia - 28/02/2017)

Zain Saudi Arabia and Ericsson signed a memorandum of understanding (MoU) to collaborate in enabling next generation hyperscale data centres based on the latest technology available with the highest degree of automation in orchestration and management.

Ooredoo among top 50 telecom brands
(Trade Arabia - 28/02/2017)

Ooredoo, the Qatar-based global telecoms company, features among the top 50 telecoms brands in the world, according to a new report by leading valuation and strategy consultancy Brand Finance. The news comes as Ooredoo hosts one of its largest and most

Raysut Cement proposes 65 per cent cash dividend
(Times of Oman - 28/02/2017)

Raysut Cement Company, the Sultanate’s biggest cement producer, on Monday proposed a cash dividend of 65 per cent for 2016. A year earlier, it had paid 50 per cent dividend. The board’s recommendation is subject to the approval of the shareholders in the

Investcorp acquires stake in advisory firm AlixPartners
(Trade Arabia - 28/02/2017)

Investcorp, a global provider and manager of alternative investment products, has completed its acquisition of a stake in AlixPartners, a leading global financial and operational consulting firm. Investcorp acquired its stake in AlixPartners alongside a

Nakilat achieved 37.4% Qatarisation last year
(The Peninsula - 28/02/2017)

Nakilat recently held its third ‘Annual Forum’ for its Qatari employees. The event was an excellent platform for National employees to learn about the company’s career development plans and programs, interact with senior management members and have their

Dubai’s Emaar Malls says 2016 dividend unchanged on year
(Gulfnews - 28/02/2017)

Dubai’s Emaar Malls said on Monday its board had recommended paying a cash dividend of 0.1 dirham ($0.03) per share for 2016. The dividend would be the same as the payout for 2015. Emaar Malls, part of Emaar Properties, reported a 3.9 per cent rise in

Meethaq to finance new pharma project in Sohar
(Oman Daily Observer - 28/02/2017)

Meethaq, the Islamic banking window of Bank Muscat, has signed a financing agreement with Drug Manufacturing Company (DMC) for setting up a state-of-the-art manufacturing unit in Sohar Industrial Estate. Sulaiman al Harthy, Deputy Chief Executive Officer

Saudi Aramco to invest $7b in Malaysia oil refinery
(The Gulf Today - 28/02/2017)

Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion into an oil refinery and petrochemical project in Malaysia’s southern state of Johor. Najib said the decision was made

Ahlibank completes 5-year bond issue raising $500mn
(Gulf Times - 27/02/2017)

Ahlibank has completed a new $500mn fundraising under its $1.5bn EMTN programme in the international debt capital markets. The 5-year bond carries a coupon rate of 3.5% and was significantly oversubscribed despite challenging financial markets and

Bank ABC Islamic posts 16pc rise in profit
(Trade Arabia - 27/02/2017)

Bank ABC Islamic today announced that its net profit for the year ending on December 31, 2016 was $22.9 million, 16 per cent higher than previous year’s net profit of $19.7 million. Net profit for the fourth quarter of 2016 was $6.1 million, 70 per cent

Batelco, Ericsson enter major network deal
(Trade Arabia - 27/02/2017)

Batelco, Bahrain's leading digital communication provider, and Ericsson, a world leading telecoms technology provider, have partnered in a major network deal aimed at transforming Batelco’s Bahrain mobile network, to ensure the best customer experience

Aldar mid-market focus signals coming surge in Abu Dhabi property
(The National - 27/02/2017)

The Abu Dhabi property market is poised to experience a Dubai-like growth surge over the next three years as Aldar Properties starts to capitalise on pent-up demand for mid-income housing, a report claims. According to Reidin/Global Capital Partners,

DFM to hold general assembly meet on March 13
(Gulfnews - 27/02/2017)

Dubai Financial Market (DFM) said on Sunday it plans to hold its annual general assembly on March 13. The general assembly will discuss special resolution seeking an approval for executing deals with related parties, the DFM said in a statement posted on

Saudi Arabia $2tr Aramco vision runs into market reality
(Gulfnews - 27/02/2017)

Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc. The kingdom may have to settle for less. A lot less. Industry executives, analysts and

Agthia boss not concerned about rising utility costs
(Gulfnews - 27/02/2017)

The owner of brands such as Al Ain, Yoplait and Capri Sun, is pushing ahead with its plans of “aggressive expansion” throughout the region, despite an increase in operating costs, according to acting Chief Executive Officer of Agthia Tariq Al Wahedi. “We

Higher royalty, tax, competition to impact bottom-line: Omantel
(Oman Daily Observer - 27/02/2017)

Rising telecom royalties and corporate tax levies, coupled with the advent of a third mobile operator in an already crowded market, have the potential to impact Oman Telecommunications Company’s (Omantel) financial performance going forward, top

Mobily rolls out limited offer to double points
(Saudi Gazette - 27/02/2017)

ETIHAD Itisalat (Mobily) launched an exclusive offer to its customers when shopping at eXtraStores, in order to double their points when purchasing with 20% discount on selective products. This offer is for all Mobily customers in all eXtraStores outlets

Top 8 Reasons to Buy Home Mortgage in Egypt
(Press Release - 26/02/2017)

When you think of a home mortgage, a negative perception is inevitable. But few people understand that a <a target="_blank" href="https://www.nbad.com/en-eg/personal-banking/borrow/mortgages.html"><font size=2> home mortgage</a></font> might also be

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