Company News

Wealth fund warning on change to listing rules for Saudi Aramco

(The Times - 10/19/2017 10:22:00 AM)

The world’s biggest sovereign wealth fund has warned Britain against watering down its listing rules to accommodate Saudi Aramco, describing such proposals as “a step back in terms of investor protection”. In a letter to the Financial Conduct Authority, ...

Zain Bahrain wins GCC Best Employer Brand Award

(Trade Arabia - 10/19/2017 6:54:00 AM)

Zain Bahrain, a leading telecommunications provider in Bahrain, has been awarded the prestigious 2017 GCC Best Employer Brand in recognition of its outstanding Human Resources (HR) practices. The award was received by Zain Bahrain Human Resources ...

Investcorp expands British acquisitions with Kee Safety

(The National - 10/19/2017 6:47:00 AM)

Bahrain-based alternative asset manager, Investcorp, has acquired UK-based Kee Safety from Dunedin and LDC for US$370 million, the company said on Wednesday, in its third UK investment in 18 months. Investcorp will help the rooftop safety company, ...

Nakilat holds Qatar Project Shipping Forum in London

(The Peninsula - 10/19/2017 6:35:00 AM)

Nakilat organised a two-day Qatar Project Shipping Forum (QPSF) in London that concluded yesterday. The 22nd session of the bi-annual forum gathered Nakilat’s joint venture partners, ship operators and charterers to discuss numerous matters concerning ...

Saudi Oil Minister says full Aramco IPO is on track for 2018

(Gulfnews - 10/19/2017 6:33:00 AM)

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al Falih said Tuesday. Asked whether both parts of the IPO will happen next year, Al ...

CBD net profits decline 5.2% in first 9 months

(Gulfnews - 10/19/2017 6:28:00 AM)

Commercial Bank of Dubai (CBD) reported a nine-month net profit of Dh665 million, 5.2 per cent lower compared to Dh701 million for the same period last year. The bank attributed the decline in net profits to prudent provisioning and higher general ...

Bahri reinforces 30 years of operation in North America

(Saudi Gazette - 10/19/2017 6:12:00 AM)

Bahri, a global leader in transportation and logistics, took part in Breakbulk Americas which is taking place in Houston, Texas, from Oct.17-19, reinforcing its position through its three-decade-long presence in the US, marked by excellence and ...

Damac advert spend surges but profits fall

(Arab News - 10/19/2017 6:03:00 AM)

A splurge on marketing spending failed to deliver a bottom line boost to Damac Properties — the developer behind behind the only Trump-branded golf course in the Middle East. The Dubai-based developer is well known for its marketing gimmicks such as ...

Al Jazira Capital maintain “Neutral” recommendation on Yamama Cement

(GulfBase - 10/18/2017 10:23:00 PM)

Yamama Cement 3Q2017 net income of SAR 29.2mn (EPS, SAR 0.14) came above Al Jazira Capital estimates, which was mainly attributed to higher than expected selling price, indicating a deviation of 35.0% from the market consensus of SAR 21.59mn. Other ...

Qatar National Bank's 2017 loan growth to rise 12-14 pct -analysts

(Reuters - 10/18/2017 10:04:00 PM)

Qatar National Bank (QNB), the largest lender in the Middle East and Africa by assets, expects loan growth of 12-14 percent this year, propelled by government infrastructure spending, analysts said after a call with QNB’s finance chief. The country’s ...