Company News

Bank AlJazira wins 2 industry awards

(Saudi Gazette - 12/27/2018 8:26:00 AM)

BANK Aljazira gains new awards during the 4th Islamic Retail Banking Awards Ceremony held in Dubai. The two prestigious awards received were: Critics Choice for Best Islamic Digital Banking and Critics Choice for Best Islamic Retail Banking Innovation ...

Emaar, TikTok to explore collaboration opportunities

(The Gulf Today - 12/27/2018 7:51:00 AM)

Emaar, the biggest developer, has signed a memorandum of understanding (MoU) to explore collaboration opportunities with TikTok, the leading global destination for short-form mobile videos.

The partnership represents a major milestone for ...

Saudi Aramco sets up new fuel retail subsidiary

(Trade Arabia - 12/27/2018 7:37:00 AM)

Saudi Aramco announced on Wednesday that it is establishing a fuel retailing subsidiary. The new company, Saudi Aramco Retail Company (RetailCo), will focus on expanding the network of domestic fuel retail stations in the kingdom.

The company ...

Acwa Power wins contract for giant Saudi desal plant

(Trade Arabia - 12/27/2018 7:31:00 AM)

Saudi-based Acwa Power has won a contract to develop Rabigh 3, the world’s largest independent water desalination plant (IWP) located on the Red Sea coast, further expanding its desalination capacity in the kingdom.

A leading developer, owner ...

Bank Sohar rebrands as Sohar International

(Trade Arabia - 12/26/2018 8:00:00 AM)

Oman-based Bank Sohar, as it was formerly known, recently rebranded to ‘Sohar International’ as part of its new vision to become a world-leading Omani service company.

It unveiled the new brand at a ceremony held under the auspices of Sayyid ...

SABIC program helps build leaders in government sector

(Saudi Gazette - 12/25/2018 8:06:00 AM)

The SABIC Leadership Program for senior government officials, now in its third year, was launched at the SABIC Academy in Riyadh last Dec. 20 to share expertise and develop leadership skills.

Thirty-five senior officials from various government ...

NCB Saudi Arabia’s biggest bank explores merger possibility

(Gulf News - 12/25/2018 7:57:00 AM)

National Commercial Bank, Saudi Arabia’s biggest lender, has started initial talks with Riyad Bank for a merger, a deal that would create an entity with $182 billion (Dh668 billion) in assets. Talks may not result in a transaction, National Commercial ...

Doha Bank inaugurates Nepal Representative Office

(The Peninsula - 12/25/2018 7:54:00 AM)

Doha Bank, one of the largest commercial banks in Qatar, announced yesterday the official opening of its ‘Nepal Representative Office’ in Kathmandu, which was formally inaugurated at a ribbon cutting ceremony attended by several dignitaries.


KIB sells 4 state properties in public auction

(Arab Times - 12/25/2018 7:24:00 AM)

KIB organized a public auction on Wednesday, December 19, for the sale of 15 properties (vacant land) owned by the State of Kuwait represented by the Kuwait Investment Authority (KIA). Held at Safir International Hotel – Kuwait, a total 4 properties were ...

Emaar Properties sells $596m prime hospitality assets

(Trade Arabia - 12/24/2018 7:24:00 AM)

Leading UAE developer Emaar Properties said it has sold some of its prime hospitality assets worth Dh2.19 billion ($596 million) in line with its new regional strategy.

The proceeds of the sales will be used to fund commercial properties that ...