Company News

KAMCO joins GBSA Gulf Debt Capital Market Summit

(Arab Times - 11/12/2018 7:52:00 AM)

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, joined the Gulf Bond and Sukuk Association (GBSA) Gulf Debt Capital Market Summit held in Dubai, UAE as a platinum sponsor.

Senior representatives ...

CBK seeks to avert commodities price rise after new lending rules

(Arab Times - 11/12/2018 7:48:00 AM)

The Central Bank of Kuwait has addressed the Ministry of Commerce and Industry notifying it of new lending regulations to avert unjustified rise of prices of commodities and services.

CBK Deputy Governor Yousef Al- Obaid said in a statement to ...

QNB brings SMEs together to further boost e-commerce

(The Peninsula - 11/11/2018 8:50:00 AM)

QNB has organised a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop.

Organised in collaboration with mastercard, the global leading technology and payments ...

Adnoc, Chinese group Wanhua seal long-term LPG contract

(Trade Arabia - 11/11/2018 8:33:00 AM)

Abu Dhabi National Oil Company (Adnoc) said it has concluded a new long-term liquefied petroleum gas (LPG) sales agreement with Wanhua Chemical Group of China.

Wanhua Chemical Group is the world’s largest MDI producer and the biggest TDI ...

Alawwal and GCC BDI to improve corporate governance region-wide

(Saudi Gazette - 11/8/2018 8:49:00 AM)

Alawwal bank has signed a three-year partnership to help develop high-performance boards in the Gulf. The bank will support a program of activity to raise corporate governance standards in Saudi Arabia and the wider GCC. The program is designed by GCC ...

QNB brings SMEs together to further boost e-commerce

(The Peninsula - 11/8/2018 8:16:00 AM)

QNB has organised a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop.

Organised in collaboration with mastercard, the global leading technology and payments ...

OAB successfully closes RO 42m bond

(Oman Daily Observer - 11/8/2018 7:44:00 AM)

Oman Arab Bank (OAB) announced that it has successfully closed unsecured perpetual subordinated bonds value of RO 42.553 million as Additional Tier 1 Capital with an issue price of RO 1.000 per bond, comprising the nominal value, and an interest rate of ...

Amanat Holdings' 9-month net profit hits $6.6m

(Trade Arabia - 11/8/2018 7:33:00 AM)

Amanat Holdings, the GCC’s largest healthcare and education investment company, has recorded a net profit of Dh24.3 million ($6.6 million) for the first nine months of 2018. This includes the full consolidation of the recent majority stakes acquired in ...

Arabtec net profit more than doubles in Q3

(Trade Arabia - 11/8/2018 7:30:00 AM)

Arabtec Holding, a leading construction company in the Middle East region, has registered a net profit attributable to the parent of Dh181 million ($49.2 million) for the third quarter, growing more than twofold from last year's figures of Dh75 million ...

Zain Group posts 26pc jump in Q3 net income

(Trade Arabia - 11/8/2018 7:26:00 AM)

Zain Group, a leading mobile telecom services operator with a major presence in the Middle East and Africa (MEA) region, reported a net income of KD51 million ($167 million) for the third quarter, up 26 per cent over the same period in 2017.

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