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Aramco delivers 1st crude cargo to China’s CNOOC
(Trade Arabia - 31/08/2017)

The China National Offshore Oil Corporation (CNOOC) recently received the first-ever cargo of Arabian crude oil from Saudi Aramco at its flagship Huizhou refinery in South China’s Guangdong Province The original 240,000 barrel per day (bpd) refinery has

Etisalat Digital, Mobile Doctors 24-7 ink tie-up
(Trade Arabia - 31/08/2017)

Etisalat Digital, a business unit of Etisalat, and Mobile Doctors 24-7 (MD 24-7), a top health management provider, have partnered to bring future medical care solutions to the region. The memorandum of understanding (MoU) was signed as part of Dubai

FAB wealth sentiment index down 2.2pc in August
(Trade Arabia - 31/08/2017)

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has announced the latest score of its Wealth Sentiment Index (WSI), has decreased from 1040.66 in July to 1017.37 in August, reflecting a 2.2 per cent decline. The August score reflects a range of

ENBD’s AI-powered robot interacts in Arabic
(Trade Arabia - 31/08/2017)

Emirates NBD’s artificial intelligence (AI) powered humanoid robot, brought to the UAE by the bank last year, will now also cater to the bank’s Arabic-speaking customers. Adding a fun element to the banking experience, the bilingual Pepper will continue

Emaar offers new 43-storey tower in Dubai Creek Harbour
(Trade Arabia - 31/08/2017)

Emaar Properties has launched a new elegant residential tower in the heart of the Island District of Dubai Creek Harbour, the 6 sq km mega-development only 10 minutes from the Dubai International Airport. The 43-storey 17 Icon Bay, launched for sale on

Dana Gas, Kurdistan settle long-standing dispute
(The National - 31/08/2017)

The Kurdistan regional government (KRG) has agreed to pay the Pearl Petroleum consortium, which includes Sharjah-based Dana Gas and its parent Crescent Petroleum, for the further development of the Khor Mor and Chemchemal gasfields in northern Iraq after

Barwa Bank almost finishes review of merger recommendations
(Gulf Times - 31/08/2017)

Barwa Bank has almost finished legal and financial studies regarding its merger with Masraf Al Rayyan and International Bank of Qatar (IBQ) and will refer the recommendations to the bank’s board to take the final decision, Barwa Bank Group chief

Oman Flour Mills eyes major projects to drive growth
(Oman Daily Observer - 31/08/2017)

Majority state-owned Oman Flour Mills (OFM), which oversees a sizable portfolio of food related enterprises, is keenly pursuing new business initiatives to grow and diversify its presence in the strategically important food processing sector in the

Mobily grants pilgrims more free balance of up to 300%
(Saudi Gazette - 31/08/2017)

Etihad Etisalat (Mobily) welcomes the guests of Al-Rahman and provides them with the strongest offers through Haj & Umrah package, which is dedicated to pilgrims. The company allows its subscribers in this this package to get additional free balance up

Abu Dhabi developers Eshraq Properties and Reem Investments in advance
(Arab News - 31/08/2017)

Abu Dhabi developers Eshraq Properties and Reem Investments on Wednesday said they were in advanced stages of merger talks to create the second-largest listed developer in the emirate. The deal would involve Reem Investments’ subscription to a new share

Etisalat offers 'free wifi' during Eid
(Trade Arabia - 30/08/2017)

Etisalat announced today that it will offer free UAE WiFi by Etisalat, the telco’s high-speed public WiFi, across malls, restaurants and cafes in the UAE during Eid Al Adha period (from August 30 to September 9). UAE WiFi by Etisalat lets residents

Shuaa plans reintroduction of Egyptian brokerage business
(The National - 30/08/2017)

Shuaa Capital, a Dubai-based investment bank, plans to reintroduce brokerage services in the Egyptian market that were suspended in the most populous Arab country after the 2008 financial crisis took toll on trading volumes. Shuaa has formally stared

Barwa Bank merger plans in final phase
(The Peninsula - 30/08/2017)

The merger plans of Barwa Bank are fast progressing. Once the bank completes the legal and financial studies, the report will be submitted before the board of directors and the shareholders, Barwa Bank Group Chief Executive Officer Khalid Al Subeai told

Ooredoo named one of Oman’s top performing companies for 2016
(Oman Daily Observer - 30/08/2017)

Ooredoo was recognised as one of ‘Oman’s Top Performing Companies’ for 2016 financial year at Alam Al-Iktissad Wal-Aamal (AIWA) Awards 2017. The accolade was given to Ooredoo after securing a top spot within the 15 most accomplished Omani companies in

Bank Muscat celebrates al Mazyona Shababi prize draw in Khasab
(Oman Daily Observer - 30/08/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its ‘Let’s Do More’ vision and commitment to partnership in encouraging a strong savings culture in Oman, celebrated al Mazyona Shababi monthly prize draw for youth in

Burgan Bank dedicates six branches for special needs customers
(Arab Times - 30/08/2017)

Burgan Bank, a dynamic and progressive financial institution with a firm customer-centric approach, is pleased to announce the activation of a comprehensive plan to accommodate the financial requirements of its special needs customers. Catering to all

Damac to offer luxurious Just Cavalli villas
(Trade Arabia - 29/08/2017)

Damac Properties, a leading luxury real estate developer in the region, has announced a collaboration top fashion brand Roberto Cavalli Group to launch the world’s first villas to feature interiors with the “Just Cavalli” signature style. Located in

Shuaa Capital in talks to re-enter Egypt
(Gulfnews - 29/08/2017)

Dubai-listed Shuaa Capital announced on Monday it was taking steps for its securities business to re-enter Egypt. In a statement, Shuaa said it has formally begun discussions with Egyptian regulators in order to reintroduce its securities business into

Alizz Islamic listed among fastest growing banks in the Middle East
(Oman Daily Observer - 29/08/2017)

Reinforcing its position as one of Oman’s most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank was recently listed amongst the fastest growing banks in the Middle East by Banker Middle East magazine the prestigious financial

Dow plans to boost stake in Sadara JV to 50 percen
(Saudi Gazette - 29/08/2017)

The Dow Chemical Company and the Saudi Arabian Oil Company (Saudi Aramco) on Monday announced a non-binding Memorandum of Understanding (MOU) that sets forth a process for Dow to acquire an additional 15 percent ownership interest from Saudi Aramco in

Rakbank enables Samsung Pay on ATMS
(Trade Arabia - 28/08/2017)

Rakbank, one of the leading banks in the UAE, has partnered with America-based financial service provider Diebold Nixdorf to launch Samsung Pay on their ATMs. With more than 250 Diebold Nixdorf ATMs, Rakbank is maximising consumer convenience by enabling

Local demand for Shariah-compliant funds rising, says QInvest
(Gulf Times - 28/08/2017)

Private investment group QInvest announced yesterday that the market is witnessing a surge in demand for Shariah-compliant funds, an official said. Conventional investors also expressed interest in a range of Shariah-compliant products and investments,

Emaar to release units for latest residential project at Dubai Creek
(Arab News - 28/08/2017)

Emaar on Sunday said it will start releasing units for 17 Icon Bay, its latest residential project at the six square-kilometer Dubai Creek Harbor being developed in a joint venture with Dubai Holding. Construction of the 41-story tower is expected to be

Bahri subsidiary signs $120 million contract with South Korean
(Arab News - 28/08/2017)

The National Shipping Company of Saudi Arabia (Bahri) on Sunday said ts subsidiary Bahri Dry Bulk Company has signed a $120 million contract (SR450 million) to buy four bulk carriers from South Korean ship builder Hyundai Heavy Industries. Bahri Dry Bulk

JARIR MARKETING COMPANY ANNOUNCES OPENING NEW SHOWROOM IN RIYADH
(Tadawul - 27/08/2017)

JARIR MARKETING COMPANY ANNOUNCES OPENING NEW SHOWROOM IN RIYADH Jarir opening of its new showroom in Riyadh at the Friday 25 Aug, 2017, that considered the 40th showroom in Saudi Arabia, and the 48th of the total number of Jarir showrooms inside and

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