Company News

Saudi Aramco IPO will ‘definitely’ happen, CEO says

(Gulf News - 11/13/2018 8:14:00 AM)

The Initial Public Offering (IPO) of Saudi Aramco will “definitely” happen, the company’s chief executive confirmed on Sunday, but he said it is not expected until 2021 after the potential acquisition of Sabic.

Amin Nasser, chief executive ...

KFH-Bahrain private banking offers new products

(Trade Arabia - 11/13/2018 7:54:00 AM)

Kuwait Finance House-Bahrain (KFH-Bahrain), one of the leading Islamic banks in the country, has launched new products under its private banking offer. Abdul Razak Jawahery, executive manager of the KFH-Bahrain Private Banking Department, said: "We ...

NBB backs Bahrain International Airshow

(Trade Arabia - 11/13/2018 7:52:00 AM)

Senior management and teams from the National Bank of Bahrain (NBB) will join hundreds of executives including buyers and sellers from aviation and aerospace industries at the upcoming Bahrain International Airshow 2018. The event runs between November ...

Aldar awards construction contract for mega Abu Dhabi project

(Trade Arabia - 11/13/2018 7:51:00 AM)

Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the first neighbourhood in the Phase Two of its Dh10-billion ...

Adnoc, Total in talks to develop downstream sector

(Trade Arabia - 11/13/2018 7:48:00 AM)

French oil major Total is in talks with the Abu Dhabi National Oil Company (Adnoc) to develop the Abu Dhabi petrochemicals and downstream sector, said the president Total E&P UAE- Total country chair in the UAE.

"We are a company for whom Adnoc ...

Saudi Aramco, Adnoc sign natural gas, LNG tie-up deal

(Trade Arabia - 11/13/2018 7:44:00 AM)

Saudi Aramco, a global energy and chemicals company and the Abu Dhabi National Oil Company (Adnoc) have signed a framework agreement to explore opportunities for collaboration in the natural gas and liquefied natural gas (LNG) sector.

The ...

Mobily and Stars Play enter into partnership

(Saudi Gazette - 11/12/2018 8:55:00 AM)

Mobily announced a new partnership with “STARS PLAY” to provide the best Hollywood and Bollywood blockbuster productions through its platform, the fastest growing entertainment platform in the MENA region that provides television content and enhances the ...

Saudi Aramco ‘on way to becoming gas powerhouse’

(Arab News - 11/12/2018 8:53:00 AM)

Saudi Aramco has outlined to Arab News how it plans to massively ramp up its multibillion-dollar natural gas business, both in the Kingdom and overseas, as gas gradually replaces coal and oil in global power generation.

Gas is viewed as a ...

Adnoc grants Total 40% stake in Unconventional Gas Concession

(The Gulf Today - 11/12/2018 8:07:00 AM)

On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (Adnoc) has signed an agreement with French oil and gas major Total, granting it a 40 per cent stake in the Ruwais Diyab Unconventional Gas Concession. Under the terms of the ...

Agility reports $65m net profit in Q3

(Trade Arabia - 11/12/2018 7:56:00 AM)

Agility, a leading global logistics provider, reported third-quarter earnings of 13.8 fils per share on net profit of KD20 million ($65.7 million), an increase of 12.3 per cent over the same period in 2017.

Agility EBITDA grew 14.8 per cent to ...