Company News

Banque Saudi Fransi faces fine over regulatory violations -SAMA

(Reuters - 11/23/2017 9:56:00 PM)

Banque Saudi Fransi (BSF) faces a fine over irregularities in an employee incentive programme, Saudi Arabia’s central bank said on Thursday. The Saudi Arabian Monetary Authority (SAMA) did not specify the size of the potential penalty, but said in a ...

Aramco In Talks With Chinese Petrochemical Producers

(Oilprice.com - 11/23/2017 9:52:00 PM)

Aramco is in talks with Chinese petrochemical producers that are building new plants to supply them with crude, a company vice-president told Bloomberg. The talks are part of Saudi Arabia’s efforts to gain more exposure to refining and petrochemicals and ...

Aramco’s role in supporting creativity at Asbar forum

(Press Release - 11/23/2017 9:51:00 PM)

Muhammad M. Al Saggaf, senior vice president of Operations and Business Services, affirmed in remarks during the opening ceremony Saudi Aramco’s strong belief in the role creativity and innovation play as a driving force toward progress and prosperity. ...

TAQA looks at loans as government did not approve bond issue

(Reuters - 11/23/2017 2:33:00 PM)

Abu Dhabi National Energy Co is talking to banks to obtain loan facilities of up to $1.3 billion which would refinance maturing debt after the Abu Dhabi government declined to approve a planned bond sale in October, sources close to the matter said. ...

Saudis Eye Oil Sales to World's Biggest Plants Emerging in China

(Bloomberg - 11/23/2017 2:22:00 PM)

Saudi Arabia’s status as the biggest oil supplier to China has been usurped by Russia. OPEC’s biggest producer is now trying to regain ground in the world’s largest crude importer. State-run Saudi Arabian Oil Co., known as Aramco, is in supply talks with ...

SABIC reveals additive manufacturing strategy

(TCT Magazine - 11/23/2017 2:21:00 PM)

“SABIC is a materials company who has been looking at additive manufacturing for a while, trying to find our place in the value chain,” says Keith Cox, Senior Business Manager, Additive Manufacturing at the Saudi-born firm, as a whistle-stop tour of its ...

Batelco announces plan for TIER III datacenters

(News of Bahrain - 11/23/2017 2:19:00 PM)

Batelco yesterday announced it has begun work to build a number of world-class TIER III Datacentre facilities to ensure the highest level of business continuity for the Enterprise and Government sectors. The project, according to Batelco, is central to ...

Amanat Holdings elected Mr. Hamad Abdulla Alshamsi as Chairman

(Press Release - 11/23/2017 11:07:00 AM)

The Board of Directors of Amanat Holdings PJSC, the GCC’s largest Healthcare and Education Investment Company, has today elected Mr. Hamad Abdulla Alshamsi as Chairman and Dr. Shamsheer Vayalil as Vice Chairman and Managing Director of the company. The ...

UAE's Bank of Sharjah and Invest Bank in merger talks: sources

(Reuters - 11/23/2017 10:26:00 AM)

Bank of Sharjah BOS.AD and Invest Bank INVB.AD are in merger talks that could create an institution with about 50.6 billion dirhams ($13.8 billion) of assets, sources familiar with the matter told Reuters. In the latest latest sign of consolidation in ...

ENBD golfers campaign offers Dh1 million cash

(Trade Arabia - 11/23/2017 7:52:00 AM)

Emirates NBD (ENBD), a leading bank in the UAE, has announced the return of the Million Dirham Putt - a campaign where amateur golfers from across the region compete for a chance to win Dh1,000,000 ($272,000) cash. Organised in association with the ...

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