Company News

NBB H1 net profit surges 16pc to $98m

(Trade Arabia - 7/19/2018 7:40:00 AM)

National Bank of Bahrain (NBB) has posted a net profit of BD36.79 million ($97.85 million) for the first six months (H1) of the year compared to BD31.74 million ($84.41 million) for H1 2017, marking an increase of 15.9 per cent.

These results ...

Emaar to build Mideast’s largest Chinatown in Dubai

(Trade Arabia - 7/19/2018 7:35:00 AM)

Dubai-based property developer Emaar said it will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbour, its six-sq-km mega-development, only 10 minutes from the Dubai International Airport and the iconic Burj ...

Wataniya Airways signs contract to buy 25 Airbus planes costing $2.8b

(Arab Times - 7/19/2018 7:32:00 AM)

In the biggest aviation deal ever in the private sector of the Kuwaiti market, Wataniya Airways signed contracts worth a total of $3.75 billion recently to buy 45 new passenger planes, reports Al-Anba daily quoting an informed source. He explained that ...

NBF posts Dh310.2m first half net profits

(Gulf News - 7/18/2018 7:41:00 AM)

National Bank of Fujairah (NBF) on Tuesday reported a net profit of Dh310.2 million for the first half of 2018, up 10.4 per cent compared to the same period last year.

NBF posted a net profit of Dh164.8 million in the second quarter of 2018, up ...

Doha Bank wins ‘Best Arab Customers Services’ title

(The Peninsula - 7/18/2018 7:27:00 AM)

Doha Bank, one of the largest commercial banks in Qatar, has triumphed in the ‘Best Arab Customers Services’ category at the recent Arab Banks Awards and Commendations of Excellence event in Lebanon.

Organised by the World Union for Arab ...

Vodafone Qatar connects ASTAD with fixed services

(The Peninsula - 7/18/2018 7:26:00 AM)

An agreement signed yesterday by Vodafone Qatar and ASTAD will ensure all the site offices of the country’s project management arm are connected via Vodafone Qatar’s fixed services.

The strategic agreement was signed at ASTAD’s headquarter ...

Moody’s raises QIIB outlook to stable

(The Peninsula - 7/18/2018 7:25:00 AM)

QIIB announced that Moody’s has affirmed the bank rating at A2 and changed its outlook to stable, reflecting the strength of the Qatari economy in its various institutions, especially the banking sector.

Moody’s stated that it founded the ...

Emaar 'selling hotels, clinics, schools to raise $1.4bn funds'

(Trade Arabia - 7/18/2018 7:08:00 AM)

Dubai’s leading developer Emaar is planning to sell hotels, clinics and schools as it seeks to raise funds worth $1.4 billion by disposing of non-core assets in the midst of a property slump in the emirate, reported the Financial Times.

Emaar, ...

Batelco plans major mobile network upgrade

(Trade Arabia - 7/18/2018 7:07:00 AM)

Batelco, the leading digital solutions provider in Bahrain, is enhancing its mobile networks in a major upgrade that will elevate communication standards in the kingdom.

The upgrade supports Batelco’s efforts as the kingdom’s leading integrator ...

Emaar is seeking $1.4bn from non-core assets sale, report says

(The National - 7/17/2018 8:44:00 AM)

Emaar Properties, Dubai's biggest real estate firm, plans to sell non-core assets including the bulk of its hotel portfolio and several schools and healthcare facilities to raise $1.4 billion, according to a news report.

The company has hired ...