Company News

DSI confirms Tabarak remains ‘strategic investor’

(Gulf News - 7/17/2018 8:31:00 AM)

Drake and Scull International (DSI) said on Monday that Tabarak Investment’s stake in it is at 13.26 per cent, and that Tabarak “will continue to be a strategic investor.”

DSI said in a statement to the Dubai bourse that Tabarak owns over 142 ...

Masraf Al Rayan’s first half net profit grows by 4.5%

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

Masraf Al Rayan, a leading bank in Qatar and the region, delivered a net profit of QR1.06bn for the first half of 2018 ( H1, 18), up 4.5 percent compared to the profit in the same period of the previous year.

The bank’s assets continued its ...

Aramex sets up giant single-rooftop PV plant in Dubai

(Trade Arabia - 7/17/2018 7:26:00 AM)

Aramex, a leading provider of logistics and transportation solutions, said it has joined hands with IMG Solar, a subsidiary of Jordan-based Izzat Marji Group, to open the region's largest single-rooftop solar photovoltaic (PV) plant project at its new ...

Kuwait’s Wataniya Airways to add 25 A320neo aircraft

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

Golden Falcon Aviation, the exclusive aircraft provider of Wataniya Airways, has confirmed an order for 25 Airbus A320neo family aircraft. The order follows an earlier MoU announced at last year’s Dubai Airshow. The list price of A320neo is $110.6 ...

KFH invites AUB due diligence

(Arab Times - 7/17/2018 7:16:00 AM)

Kuwait Finance House (KFH) said on Monday it had invited Bahrain’s Ahli United Bank to begin a due diligence process for a potential merger, Kuwait’s biggest Islamic lender said on Monday. KFH also asked AUB to sign a non-disclosure agreement. If the ...

UNB's Q2 net profit slides 18% as impairment charges rise

(The National - 7/16/2018 8:01:00 AM)

Abu Dhabi’s Union National Bank on Sunday reported an 18 per cent year-on-year drop in its second-quarter net profit as impairment charges climbed, while non-interest income fell.

Net profit attributable to equity holders in the three months to ...

Bank Muscat's net profit rises to OMR89.7mn

(Times of Oman - 7/16/2018 7:53:00 AM)

Bank Muscat, the Sultanate’s flagship financial institution, posted a net profit of OMR89.70 million for the six-month period ending June 30, 2018, an increase of 6.4 per cent from the OMR84.31 million reported during the same period in 2017.


Sharjah Islamic Bank’s net profit up 4% in first half 2018

(Gulf News - 7/16/2018 7:35:00 AM)

Sharjah Islamic Bank (SIB) on Sunday reported Dh283 million net profit for the first half 2018 compared to Dh272.9 million in the same period last year. Net operating income reached Dh524.2 million for the first six months of 2018, up 9.2 per cent ...

Emirates NBD reveals $38.9m exposure to Abraaj

(Gulf News - 7/16/2018 7:29:00 AM)

Emirates NBD on Sunday said its exposure to Abraaj stands at $38.9 million (Dh142.87 million), raising total exposure to the embattled private equity firm to more than $2 billion.

Emirates NBD has an exposure of $21.3 million through an equity ...

Qatar Islamic Bank net profit grows by 13.8 % in H1,2018

(The Peninsula - 7/16/2018 7:23:00 AM)

Qatar Islamic Bank (QIB) has reported a net profit of QR1.32bn for the six months ended June 30, 2018 (H1, 18) registering a growth of 13.8 percent compared to the corresponding period in 2017.

Total assets of the Bank has increased by 1.4 ...