Company News

CB&I announces Joint Development Agreement with Saudi Aramco

(Press Release - 1/19/2018 8:55:00 PM)

CB&I has announced it has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A. Inc., for the development, commercialization and marketing of innovative ...

Saudi Aramco, CB&I and Chevron Lummus Global sign JDA

(Press Release - 1/18/2018 2:56:00 PM)

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has today signed a three-party Joint Development Agreement (JDA) with CB&I, a U.S.-based leading provider of technology and infrastructure for the energy industry, and Chevron ...

Aramco ready to IPO in H2, awaiting govt decision on venue: CEO

(Reuters - 1/18/2018 2:46:00 PM)

Saudi Aramco’s Chief Executive Amin Nasser said on Thursday that the initial public offering (IPO) of the state oil giant is still planned for the second half of 2018, but the government has not yet made a decision on the listing venue. “The company is ...

Weeks of talks ‘fail to resolve Dana Gas sukuk dispute’

(Arab News - 1/18/2018 7:31:00 AM)

Weeks of talks between UAE energy firm Dana Gas and some local holders of a disputed $700 million sukuk have failed to reach an agreement, sources told Reuters, leaving a potentially protracted legal battle as the only available option for now. Last ...

Damac Properties founder ready to sell 15% stake at Dubai developer

(Arab News - 1/18/2018 7:29:00 AM)

Hussein Sajwani, the Dubai billionaire with links to US President Donald Trump, said Wednesday he was ready to sell 15 percent of his stake at real estate giant Damac Properties. Established by Sajwani in 2002, Damac has become one of the leading real ...

Mashreq Bank boost wealth management products as demand for investment

(The National - 1/18/2018 6:14:00 AM)

Mashreq Bank's head of wealth management Ishrat Kiyani said the Dubai-based lender is beefing up its mutual fund range and portfolio solutions as clients increasingly invest excess funds through local banks and financial services firms. "We are seeing a ...

Ahli Bank reports 2017 net profit of QR639.7mn

(Gulf Times - 1/18/2018 6:12:00 AM)

Ahli Bank has reported more than 1% year-on-year increase in net profit to QR639.7mn in 2017. The lender has recommended a total of 15% dividend (10% cash and 5% bonus shares) to be approved by the Qatar Central Bank and the shareholders in the general ...

Qatar Islamic Bank profit grows by 11.6% to QR2.4bn in 2017

(The Peninsula - 1/18/2018 6:03:00 AM)

Qatar Islamic Bank’s (QIB) net profit attributable to shareholders stood at QR2.4bn for the fiscal year 2017, an increase of 11.6 percent compared to QR2.15bn reported for the year 2016. QIB’s basic earnings per share reached QR9.31 compared to QR8.55 in ...

Deyaar's revenue surges 75pc in 2017

(Trade Arabia - 1/18/2018 5:46:00 AM)

Deyaar Development, one of Dubai’s leading real estate service providers, has reported revenues of Dh751.6 million ($205 million) for 2017, up 75 per cent over Dh428.3 million the previous year. Announcing its preliminary unaudited financial results for ...

Kingdom Holding inks Jeddah tower infrastructure deal

(Trade Arabia - 1/18/2018 5:44:00 AM)

Kingdom Holding Company (KHC), the investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, today (January 17) signed infrastructure networks contract worth SR620 million ($176 million) for its 170-storey giant skyscraper Jeddah Tower and ...

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