Company News

Gulf Navigation reports $2.78m gross Q1 profit

(Trade Arabia - 5/16/2018 7:57:00 AM)

Dubai-based Gulf Navigation Holding has reported a gross profit of Dh10.15 million ($2.78 million) in the first quarter (Q1) of 2018, a 5 per cent increase in comparison to the first quarter of 2017.

This announcement comes consequently with ...

Bank ABC Islamic Q1 net profit up 28pc

(Trade Arabia - 5/16/2018 7:55:00 AM)

Bahrain-based Bank ABC Islamic has posted a net profit of $8.2million for the first quarter of the year 2018, 28 per cent higher than the net profit for the comparable period last year of $6.4 million.

Total operating income rose to $11 ...

Petronas, Aramco launch corporate identity for JV

(Trade Arabia - 5/16/2018 7:54:00 AM)

Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia and Saudi Aramco have launched “PRefChem”, the corporate identity for their joint ventures in the Pengerang Integrated Complex (PIC) in Pengerang, Johor, Malaysia.


Drake & Scull International swings to Q1 net profit

(Trade Arabia - 5/16/2018 7:52:00 AM)

Drake & Scull International, a regional leader in engineering and construction services, has achieved an overall net profit of Dh7 million ($1.9 million) for the first quarter, compared to the net loss of Dh839 million ($228 million) declared during the ...

Nakheel to open $217m Dubai waterfront project in Q4

(Trade Arabia - 5/16/2018 7:51:00 AM)

Nakheel, a world-leading developer, said work on The Pointe, its Dh800-million ($217 million) waterfront dining and entertainment destination coming up on Palm Jumeirah, is nearing completion.

Managed by Nakheel Malls, the retail arm of the top ...

Damac Properties' Q1 net profit plunges 45pc

(Trade Arabia - 5/16/2018 7:50:00 AM)

Damac Properties, a leading luxury property developer, posted a 45 per cent drop in its net profit for the first three months of the year which fell to Dh484 million ($131.7 million) from Dh880.4 million ($240 million) for the same period last ...

Sipchem organizes technical exchange workshop

(Saudi Gazette - 5/15/2018 8:43:00 AM)

SAUDI International Petrochemical Company (Sipchem) organized the Dhahran Techno Valley (DTV) Partners Technical Exchange Workshop at the Sipchem Technology and Innovation Centre “Manar” in Dhahran.

This workshop aims to exchange information on ...

Aramco signs MoU to launch sustainable development program for Saudi women

(Arab News - 5/15/2018 8:41:00 AM)

Saudi Aramco has signed a memorandum of understanding (MoU) with Imam Abdulrahman bin Faisal University to establish a sustainable social and commercial program for Saudi women.

The top oil producer aims to increase job opportunities for women ...

Saudi Aramco’s non-fuel future

(Arab News - 5/15/2018 8:30:00 AM)

You are deep inside the field of dreams watching tendrils of bright green snaking through the red world that envelopes you, while small black balls rush through tubes leading up to the surface 7,000 feet above your head. A psychedelic dream? A scene from ...

Amlak posts 5% profit gain in Q1 on revenues

(The National - 5/15/2018 8:20:00 AM)

Amlak Finance, the Sharia-compliant real-estate financier, posted a 5 per cent increase in net profit in the first quarter as revenues rose despite challenging market conditions.

Net profit attributable to equity holders rose to Dh5.9 million ...