Company News

Saudi Bank Samba Follows Bourse in Naming Woman to Top Position

(Bloomberg - 2/20/2017 12:48:00 PM)

Saudi Arabia’s Samba Financial Group named Rania Mahmoud Nashar as chief executive officer, the second woman recruited for a top finance-industry position in recent days as the country undertakes unprecedented social and economic change. Nashar’s ...

Doha Bank & Mastercard sign agreement

(The Peninsula - 2/20/2017 7:56:00 AM)

Building on their long-standing partnership, Doha Bank and Mastercard have signed a long-term agreement to introduce a number of payment solutions in Qatar. Financial inclusion is key focus area for both companies, and the partnership will see innovative ...

RAK Properties 2016 profits up 9.4pc to $48m

(Trade Arabia - 2/20/2017 7:46:00 AM)

Ras Al Khaimah property developer, RAK Properties, has reported net operating profits of Dh175 million ($47.6 million) during 2016, as against Dh160 million in the previous year, marking a 9.38 per cent increase. The developer stated that it achieved ...

QIC wins shareholders' nod for $760m capital boost

(Trade Arabia - 2/20/2017 7:45:00 AM)

Qatar Insurance Company, a leading insurer in the Gulf region, said it has won approval from the shareholders to increase its capital from QR2.41 billion ($661 million) to QR2.77 billion ($760 million). The company announced this after its annual general ...

Dubai’s Gulf Navigation in settlement over Gulf Sheba and Gulf Eyadah

(The National - 2/20/2017 7:40:00 AM)

Gulf Navigation has announced a settlement with a series of creditors over the ill-fated purchase of two oil tankers, with banks stepping in to seize the vessels when the company defaulted on payments. The Dubai-based shipper said that it had reached a ...

Du gifting its mobile customers 10GB for the price of 1GB

(Gulfnews - 2/20/2017 7:38:00 AM)

Telecom operator du is gifting its prepaid and postpaid mobile customers 10GB for the price of 1GB, 20GB for the price of 5GB and 50GB for the price of 25GB during a period of 30 days as part of its 10th anniversary. The data allowance is for all types ...

Warba Bank inks deal with Al-Mulla Co – Bank to boost allocation

(Arab Times - 2/20/2017 7:30:00 AM)

Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios to reach KD 50 million. This substantial agreement ...

Ma’aden and SNAM ink cooperation agreement

(Saudi Gazette - 2/20/2017 7:26:00 AM)

The Saudi Arabia National Automotive Manufacturing Company (SANAM) recently signed an agreement with the Saudi Arabian Mining Company (Ma’aden) to increase the aluminum content in vehicles produced in Saudi Arabia. During a signing ceremony in Riyadh, ...

Mobily sponsors ComicCon Show 2017

(Saudi Gazette - 2/20/2017 7:25:00 AM)

MOBILY participated as a telecom technical sponsor in “ComicCon” entertaining show held on the 16th and 18th of Feb. 2017 in Jeddah, and it is considered the first of its kind in the Kingdom and one of General Entertainment Authority activities. The show ...

Damac officially opens Trump golf course in Dubai

(Trade Arabia - 2/19/2017 6:09:00 AM)

Damac Properties, a leading developer of luxury properties in the UAE, has officially opened the Trump International Golf Club Dubai at its key property Damac Hills in Dubai, UAE. To mark the launch, Damac Properties led a golf course tour, with guests ...

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