Company News

Emaar Development offers up Dh1bn shareholder dividend

(The National - 10/17/2018 7:59:00 AM)

Emaar Development proposed a special cash dividend to shareholders representing 26 per cent of paid-up share capital, and plans to hold a vote on the proposal in a general meeting on Wednesday.

The board of Dubai-listed real estate development ...

Bank Muscat and Ominvest sign RO 120m long-term credit facility

(Oman Daily Observer - 10/17/2018 7:30:00 AM)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’, and commitment to partnership in sustainable development, signed a long-term secured credit facility agreement for RO 120 ...

Etisalat Digital offers glimpse into future of retail

(Trade Arabia - 10/17/2018 7:18:00 AM)

Etisalat Digital is embracing the future of retail at this year’s Gitex Technology Week, offering a seamless shopping experience through face recognition, artificial intelligence, image recognition and computer vision technologies.

Some of the ...

Mobily, Huawei tie-up for bringing 5G to Saudi Arabia

(Trade Arabia - 10/17/2018 7:15:00 AM)

Saudi Arabia’s Mobily and Huawei have agreed to collaborate on a five-year plan to upgrade Mobily’s networks and accelerate the arrival of 5G to the kingdom.

The announcement was made at Huawei’s global headquarters in Shenzhen, China, during ...

Aramco catalyst for India’s oil and gas sector growth

(Saudi Gazette - 10/16/2018 8:09:00 AM)

Saudi Aramco played a central role in the second India Energy Forum att the invitation of the Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas.

Hosted by CERAWeek IHS Markit and held October 14-16, the annual ...

SHUAA executes 20% buy-back through Integrated Capital

(Gulf News - 10/16/2018 7:50:00 AM)

Shuaa Capital said on Monday the company has bought back a total of 20 per cent of shares from the open market till October 14.

SHUAA bought 1 million shares or 10 per cent of the issued capital at Dh1.05 on October 11, and the company bought ...

Air Arabia launches new route

(Gulf News - 10/16/2018 7:43:00 AM)

Air Arabia, has announced the launch of non-stop service to the city of Sulaymaniyah in the north of Iraq.

The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fourth destination in Iraq and 152 worldwide. From November ...

Ooredoo to deliver managed ICT services for Doha Bank

(The Peninsula - 10/16/2018 7:22:00 AM)

Ooredoo has signed a landmark agreement that will see the company deliver end to end managed ICT services to Doha Bank.

The agreement was completed at a signing ceremony in the Doha Bank Tower by the Ahmad Ali Al Hanzab, Head of Administration ...

Masraf Al Rayan delivers solid net profit

(The Peninsula - 10/16/2018 7:18:00 AM)

Masraf Al Rayan delivered a net profit of QR1.63bn for the nine months ended September 2018, with an increase of 4.5 percent compared to the similar period in 2017. The bank’s assets grew by 1.0 percent to reach QR99.60bn during the period.

The ...

Alizz Islamic Bank, Al Raffd Fund sign MoU to finance SMEs

(Oman Daily Observer - 10/16/2018 7:08:00 AM)

Reinforcing its position as one of Oman’s most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank has signed an MoU with Al Raffd Fund in the field of financing small and medium enterprises.

The memorandum was signed by ...