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Etisalat: iPhone 8s to hit UAE stores on Saturday, September 23
(Gulf News - 23/09/2017)

Avid Apple consumers will have to wait until later next month to order the new iPhone X but etisalat announced on Friday that it will begin offering the new generation iPhone 8 starting Saturday, September 23, at all Etisalat stores in UAE. The

HSBC Saudi Arabia leads KSA’s first accelerated bookbuild
(Arab News - 22/09/2017)

HSBC Saudi Arabia successfully led the execution of the first accelerated bookbuilding (ABB) process in the Kingdom with the sale of 16,000,000 shares in Almarai Company. The sale represents a 2 percent block of the share capital of the company. HSBC

Tawuniya offers private motor insurance program
(Arab News - 22/09/2017)

The Company for Cooperative Insurance (Tawuniya) has launched a comprehensive private motor insurance program. Al-Shamel program offers vehicle owners an insurance cover for any accidental loss or damage caused to the insured car — without an additional

It's awards season for A. Schulman and Sabic
(Plastic News - 22/09/2017)

Materials makers A. Schulman Inc. and Saudi Basic Industries Corp. each recently won awards for their customer service and for the quality of their materials. Fairlawn, Ohio-based Schulman received the 2016 Global Supplier Award from Robert Bosch GmbH.

Brand survey reveals loyalty levels among UAE banks
(Arab News - 22/09/2017)

Emirates NBD inspires more customer loyalty than other UAE banks and has the highest trust levels in the country according to a new report released on Thursday. The Bank Brands Customer Loyalty Market Research report, published by London-based Brand

London Dana Gas sukuk trial to proceed despite UAE injunction - judge
(Reuters - 22/09/2017)

A London High Court trial on the validity of $700 million (£516.61 million) sukuk issued by the UAE’s Dana Gas <DANA.AD> will proceed on Monday despite an injunction from a UAE court obtained by some shareholders. Judge George Legatt said on Monday

Saudi Govt Lifting Ban on Skype, WhatsApp Calls, but will Monitor them
(Agencies - 22/09/2017)

The Saudi government is lifting a ban on calls made through online apps such as Skype and WhatsApp on Thursday as part of its economic reforms, but a spokesman said it will monitor and censor such calls. All online voice and video call services - such as

KHC sells interest in Four Seasons Resort Langkawi in $90m deal
(Arab News - 21/09/2017)

Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal, recently announced that it has successfully sold its 90 percent interest in the Four Seasons Resort Langkawi, Malaysia to Leisure Ventures Pte Ltd. (LVPL), an affiliate of Hotel

TAQA controlled Oman's Sohar Aluminium gradually restarting production
(Reuters - 21/09/2017)

Oman’s Sohar Aluminium said on Wednesday it gradually restarted production on Friday after an interruption in August, and was working to return to full production as soon as possible. “Sohar Aluminium has confirmed it has re-energised the potline, and on

Banque Saudi Fransi announces the Resignation of a Board Member
(Tadawul - 21/09/2017)

Banque Saudi Fransi announces that BSF Board Member, Mr. Francois Jean MARION (non executive) has resigned from the Board of Directors on 20/9/2017 for personal reasons. <BR Mr. MARION resignation has been accepted on 21/9/2017 with effect from

STC announcement regarding its mobile frequency licenses
(Tadawul - 21/09/2017)

Reference to the announcement of the Saudi Telecommunications Company published on Tadawul website on 13/9/1438 H corresponding to 8/6/2017AD regarding obtaining the notification by the Communications and Information Technology Commission on 12 Ramadan

Emirates NBD most trusted lender in UAE
(The National - 21/09/2017)

Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most loyal customers, according to a survey by Brand Finance Banking. Bank clients surveyed by Brand Finance Banking, based in the UK, found that 74.6

SRMG to launch ‘Bloomberg Al-Arabiya’ network
(Al Arabiya - 21/09/2017)

Saudi Research and Marketing Group (SRMG) today said it has entered a long-term agreement with US-headquartered media firm Bloomberg to launch a multi-platform Arabic-language business and financial news service. SRMG — publisher of Asharq Al-Awsat, Arab

KHC closes Banque Saudi Fransi stake deal
(Trade Arabia - 21/09/2017)

Kingdom Holding Company, an investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, said it has completed the acquisition of 16.2 per cent stake in Banque Saudi Fransi for SR29.5 ($7.8) per share; a deal worth SR5.8 billion ($1.5 billion).

Emaar to develop Dubai Harbour hotel and residences
(The National - 21/09/2017)

Emaar Properties will build 10 million square feet of new residences and a new Address hotel project as part of Dubai Harbour, the emirate’s major new waterfront development unveiled in January. The developments make up about half of the Dubai Harbour

Ezdan Holding Group ranked 2nd top Arab brand
(The Peninsula - 21/09/2017)

Ezdan Holding Group (EHG) has been ranked as the second top real estate developer in the Arab world, based on the annual ratings by Forbes Middle East magazine. The ranking evaluates the most active brands in the real estate sector, one of the major

Abu Dhabi targets IPO frenzy ahead of Saudi Aramco
(Arab News - 21/09/2017)

Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring its

Dana fight with BlackRock to start despite UAE court order
(Gulf Times - 20/09/2017)

A London lawsuit over $700mn in Shariah-compliant bonds issued by Dana Gas will go ahead despite a last-minute UAE court order that attempted to stop the company from taking part in the trial. Dana Gas stunned investors and the Islamic finance community

Doha Insurance Group’s rating reaffirmed
(The Peninsula - 20/09/2017)

Doha Insurance Group (DIG) Chairman SH. Nawaf Nasser bin Khaled Al Thani (pictured) has stated that “A.M.Best” Rating Agency has reaffirmed the current rating of DIG atA- with a stable outlook. We are pleased with the decision,His Excellency added,

Aramco plans to buy non-Saudi crude in global trading expansion
(Gulfnews - 20/09/2017)

Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. The state-owned company is putting crude marketing and refined-product

10 Zain Bahrain employees win Umrah trips to Mecca at Eid reception
(Biz Bahrain - 20/09/2017)

Ten Zain Bahrain employees won Umrah pilgrimage packages to Mecca through a raffle draw held at the operator’s annual Eid Al Adha reception at Zain Tower. In line with Zain Bahrain’s commitment to creating a people-centric organization, the event was an

CBB Sukuk Al-Salam Securities Subscribed by 100%
(Biz Bahrain - 20/09/2017)

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100%. Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a

Qatar Insurance to Focus on New Markets to Offset Saudi-Led Spat
(Bloomberg - 19/09/2017)

Qatar Insurance Co., the Middle East and North Africa’s largest insurer by market capitalization, is focusing on new countries to offset the impact of the Saudi-led campaign to isolate the gas-rich Arab state, a senior executive said. “The spat has made

Intelsat and Etisalat Expand Relationship
(Press Release - 19/09/2017)

Intelsat S.A. (NYSE:I), operator of the world’s first Globalized Network and leader in integrated satellite communications, and Etisalat UAE, a leading telecommunications services provider in the Middle East & Africa, today detailed their plan to expand

Dallah Health awards SAR 140m hospital expansion contract
(Tadawul - 19/09/2017)

Dallah Healthcare Company announces the start of construction works for the West Expansion of Dallah Hospital - Al-Nakheel by signing of structural constructions contract with Youssef Marroun Contracting Co. as follows: 1. the contract has been signed on

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