Company News

ADCB approves a dividend of 42% of bank’s capital

(Gulf News - 3/14/2018 5:44:00 AM)

The Board of Directors of Abu Dhabi Commercial Bank approved a dividend payout for 2017 of 42 per cent of the bank’s capital. Dividend payout totals Dh2.18 billion, chairman of the bank Eisa Mohammad Al Suwaidi said at the Annual General Meeting on ...

Bank Muscat Priority Banking widens network with new asalah centre

(Oman Daily Observer - 3/14/2018 5:33:00 AM)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its new vision ‘To serve you better, every day’, marked the expansion of asalah Priority Banking network with the inauguration of a new personalised banking asalah ...

Tamkeen, AUB sign $106m deal to support Bahrain firms

(Trade Arabia - 3/14/2018 5:18:00 AM)

Bahrain's labour fund Tamkeen and Ahli United Bank (AUB) have signed a BD40-million ($106.08 million) portfolio to provide subsidised financing to eligible medium and large-sized enterprises in Bahrain.

The agreement was signed by Dr Ebrahim ...

KAMCO sponsors 3rd Kuwait Debt Capital Markets Conference

(Arab Times - 3/14/2018 5:12:00 AM)

The Gulf Bond and Sukuk Association (GBSA), in partnership with KAMCO Investment Company and Dentons, held its third Kuwait Debt Capital Markets Conference at The Chairman’s Club in Kuwait. The invitation-only event gathered over 100 local and ...

QGIRCO shareholders approve 22% dividend proposal

(Gulf Times - 3/13/2018 7:38:00 AM)

The ordinary and extraordinary general assembly meetings of Qatar General Insurance & Reinsurance Company (QGIRCO) were held at the Marriott Hotel in Doha yesterday. Qatar General Insurance & Reinsurance Company chairman Sheikh Nasser bin Ali bin Saud ...

Nakilat showcases maritime & naval expertise at DIMDEX

(The Peninsula - 3/13/2018 7:31:00 AM)

Nakilat is showcasing the world-class capabilities and infrastructure of Qatar’s premier shipyard at the Doha International Maritime Defence Exhibition and Conference (DIMDEX).

Now in its sixth edition, DIMDEX is held under the patronage of His ...

United Arab Bank’s rights issue successfully subscribed by 124%

(Gulf News - 3/13/2018 6:12:00 AM)

United Arab Bank (UAB) said on Monday its rights issue was subscribed 124 per cent, recieving Dh850 million of subscriptions.

The bank plans to increase its capital by Dh687.5 million to Dh2.063 billion from the earlier capital of Dh1.375 ...

DFM revolutionizes cash dividend distribution process

(Gulf News - 3/13/2018 6:08:00 AM)

The Dubai Financial Market (DFM) said it has launched an innovative Dividend Distribution System (DDS) as part of its strategy to provide market participants with smart and efficient solutions.

The new system enables the DFM to distribute the ...

FAB signs escrow agreement with RAK-Rera

(Gulf News - 3/13/2018 6:01:00 AM)

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has signed an escrow agreement with the Real Estate Regulatory Administration in Ras Al Khaimah (RERA-RAK).

According to a statement from the bank on Monday, the agreement will allow FAB to ...

Omantel collaborates with EY to provide cybersecurity services

(Oman Daily Observer - 3/13/2018 5:51:00 AM)

Omantel has teamed up with EY, a leading global professional services organisation, to provide advanced Cybersecurity as a Service (CaaS) originating from Oman to the region. The agreement was signed on the sidelines of Mobile World Congress (MWC) in ...