Company News

Jazeera Airways posts 9M earnings

(Arab Times - 11/8/2018 7:25:00 AM)

Jazeera Airways today announced its financial and operational results for the first nine months of 2018, reporting a 38.4% growth in operating revenue and a 44.5% growth in number of passengers in comparison to the same period last year.

The ...

Saudi operations help to grow Shuaa earnings

(Arab News - 11/7/2018 9:42:00 AM)

Dubai-headquartered investment house Shuaa Capital has posted its highest quarterly profit since 2008 as it continues to expand its operations in Saudi Arabia, UAE and Kuwait.

The company reported a 30.1 million dirham ($8.2 million) net profit ...

Global Investment House 9-month net profit rises

(Gulf News - 11/7/2018 8:28:00 AM)

Global Investment House, a regional asset management and investment banking firm, posted higher net profit for the nine months to September. The firm’s net profit rose to 4.7 million Kuwaiti dinars (Dh13.53 million) compared to 3.5 million dinars last ...

Omantel boosts Sultanate’s cybersecurity readiness

(Oman Daily Observer - 11/7/2018 8:05:00 AM)

Omantel has said that its ICT solutions can boost the Sultanate businesses’ readiness levels in cybersecurity and lower the risks of potential attacks to organisations’ and corporates’ systems and their digital data. The company relies on its ...

Emirates NBD unveils its first API Sandbox

(Saudi Gazette - 11/6/2018 8:32:00 AM)

Emirates NBD, a leading bank in the region, has enabled open banking collaboration with the launch of its API (Application Programming Interface) Sandbox. This makes Emirates NBD the first UAE bank to introduce such a platform in the region, as part of ...

Saudi Arabia’s Dar Al Arkan sees profits drop on sales decline

(Arab News - 11/6/2018 8:26:00 AM)

Saudi Arabian real estate developer Dar Al Arkan said that a decline in property sales has dragged down its profits for the third quarter this year, according to a filing on the Saudi stock exchange.

Net profit after zakat and tax dropped to ...

Nakilat wins Qatar sustainability ‘Green Corporate Award’

(The Peninsula - 11/6/2018 7:54:00 AM)

Nakilat, Qatar’s leading LNG transport company, has won the ‘Green Corporate Award’ at Qatar Sustainability Awards 2018.

Organized by Qatar Green Building Council (QGBC) for the third consecutive year, the awards aim to recognise the efforts, ...

OAB launches first innovation lab

(Oman Daily Observer - 11/6/2018 7:49:00 AM)

Oman Arab Bank (OAB), in a bid to accelerate its innovation journey and drive innovative thinking within the community, has announced the launch of the first ‘Innovation Lab’ in the Sultanate’s financial services industry. The Lab, which will occupy one ...

Oman Gas secures $1.1 billion funding for network expansion

(Oman Daily Observer - 11/6/2018 7:37:00 AM)

Oman Oil Company’s energy infrastructure vertical — inked an agreement with seven international and local financial institutions to secure funding for the capital expenditure requirements under new business model for its gas network.

The ...

FAB launches new brand for Islamic business

(The Gulf Today - 11/6/2018 7:34:00 AM)

First Abu Dhabi Bank (FAB) on Monday announced that it is launching a new FAB Islamic logo inspired by the FAB Brand Identity, and that its wholly-owned subsidiary Abu Dhabi National Islamic Finance, has changed its legal name to First Abu Dhabi Islamic ...