Company News

Barwa Bank names March Thara’a draw winners

(The Peninsula - 3/20/2018 5:55:00 AM)

Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As the draw results showed, Mohamed Omar Abdalkader and Khaldoun Nachawi each won a cash prize of ...

Vodafone Qatar to boost infrastructure investments

(The Peninsula - 3/20/2018 5:42:00 AM)

Shareholders of Vodafone Qatar yesterday approved all items on the agenda of the company’s Ordinary and Extraordinary General Assembly Meeting, including the Board of Directors’ proposal to make huge investments in boosting the telecom company’s ...

RAK Properties’ AGM approves cash dividend of 6% for 2017

(Gulf News - 3/20/2018 5:40:00 AM)

RAK Properties said its board approved increasing the cash dividend to 6 per cent of the nominal value of share (6 fils per share), up from the recently recommended 5 per cent.

“The year 2017 was another very successful year for the company ...

Air Arabia Egypt to launch flights between Sohag, Jeddah

(Gulf News - 3/20/2018 5:31:00 AM)

Air Arabia Egypt said on Monday it will launch direct flights between the Egyptian city of Sohag and Jeddah in Saudi Arabia from March 20, 2018. The airline, which is based in Sharjah but with four other hubs in the Middle East and North Africa, said the ...

Bank Muscat shareholders approve dividend for 2017

(Oman Daily Observer - 3/20/2018 5:25:00 AM)

Bank Muscat shareholders granted approval for the payout of 35 per cent dividend for 2017 at the Annual General Meeting (AGM) presided by Shaikh Khalid bin Mustahail al Mashani, Chairman, at the bank’s head office.

Continuing the strong ...

Damac issues enabling works tender for its Vera Residences

(The Gulf Today - 3/20/2018 5:18:00 AM)

Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities, and breath-taking views of Dubai Canal.

The ...

Saudi Aramco supports Women in Leadership forum

(Trade Arabia - 3/20/2018 5:12:00 AM)

Saudi Aramco participated as a lead sponsor in the Women in Leadership Economic Forum titled “Let’s Talk About Tomorrow,” which opened today (March 19) in Riyadh, Saudi Arabia.

The forum brings together up to 1,000 business leaders, ...

FAB refutes allegations over Qatari rial

(Trade Arabia - 3/20/2018 5:08:00 AM)

First Abu Dhabi Bank (FAB) has refuted allegations that it had conducted any transaction with the intent to manipulate the Qatari riyal.

In a statement, FAB said: “Following recent media speculation, we are surprised to read news reports ...

New York allure fades for Saudi Aramco as ‘frivolous’ climate change actions loom

(Arab News - 3/19/2018 7:34:00 AM)

When Khalid Al-Falih, Saudi Arabian oil minister and chairman of Saudi Aramco, told a TV interviewer of the “risk” and “concern” associated with New York financial markets, it was the first time a senior executive of the national oil company had spelled ...

Aramco: Saudi in form and bearing, but with an American backbone of modernity and efficiency

(Arab News - 3/19/2018 7:33:00 AM)

In the Saudi Aramco archive there is a fading black-and-white photograph that might serve as a metaphor for the oil company and its heritage. Max Steineke was born in the state of Oregon, US, attended Stanford University near San Francisco and died in ...