Company News

QIB named the ‘Best Islamic Financial Institution in GCC’ by Global Fi

(Gulf Times - 3/23/2017 7:43:00 AM)

Qatar Islamic Bank (QIB), Qatar’s leading Shariah-principled lender, has been named ‘Best Islamic Financial Institution in Qatar and the Gulf Cooperation Council (GCC)’ by the US-based Global Finance magazine for 2017. These awards recognise the ...

Ooredoo takes lead in cloud and data services

(The Peninsula - 3/23/2017 7:35:00 AM)

Ooredoo is emerging as a leader in cloud and data centre services offering a range of cloud based security, storage, hosting and managed services. The Group added 22 million new customers to reach a total of 138 million customers by the end of year 2016, ...

Jabal Omar to sell key Makkah real estate assets for $1.6bn

(Trade Arabia - 3/23/2017 7:29:00 AM)

Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, said it has reached an agreement with Alinma Investment Company for the sale of its key assets in Makkah including three major hotels and a shopping ...

Omantel, OTF ink MoU to develop digital ecosystem

(Oman Daily Observer - 3/23/2017 7:00:00 AM)

Omantel has signed a Memorandum of Understanding (MoU) with the Oman Technology Fund (OTF) to explore potential areas of partnership in developing new technology for entrepreneurs in the Sultanate. The MoU was signed by Talal bin Said al Maamari, CEO of ...

ABK wins ‘Best Retail Bank in Kuwait’ award 2017

(Arab Times - 3/23/2017 6:49:00 AM)

Al Ahli Bank of Kuwait (ABK) recently won the prestigious Best Retail Bank in Kuwait award from The Asian Banker for the second year in a row. The award, which is sought after in the banking industry, is given each year by one of Asia’s most highly ...

ACWA Power keen to buy assets from Saudi Electricity

(Arab News - 3/23/2017 6:46:00 AM)

Riyadh-based ACWA Power said it expects the first of four power generation companies owned by Saudi Electricity Co. (SEC) will be offered to the market by the year-end, as the Kingdom presses ahead with its overhaul of the state sector. The world’s ...

QNB wins ‘Most Innovative Marketing Programme’ award

(Gulf Times - 3/22/2017 7:24:00 AM)

QNB has won the ‘Most Innovative Marketing Programme’ award at the ‘2017 Mastercard Mena Leadership Forum’ held recently in London. QNB is the only bank from Qatar to win an award at the event. The award was presented to QNB for its campaign launched ...

Alba AGM approves $80m dividend for 2016

(Trade Arabia - 3/22/2017 7:20:00 AM)

The annual general meeting (AGM) of Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, today approved the distribution of cash dividends amounting to BD29.6 million ($80 million) for the fiscal year 2016. The AGM was held at the ...

Agility acquires warehouse in Singapore

(Gulfnews - 3/22/2017 5:48:00 AM)

Agility, a Dubai-listed logistics provider, announced on Tuesday it has acquired a two-storey warehouse close to Singapore’s Changi International Airport, giving the company over 600,000 square feet of warehouse space in the Southeast Asian country. ...

Shurooq, Emaar, Eagle launch Dhs2.47b projects

(The Gulf Today - 3/22/2017 5:43:00 AM)

Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth Dhs2.47 billion. The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to ...

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