Company News

Bank Muscat al Wathbah Academy begins new session

(Oman Daily Observer - 9/18/2018 7:14:00 AM)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to strengthen support to small and medium enterprises (SMEs), has enrolled new batches at al Wathbah Academy ...

Investcorp acquires biggest US warehouse portfolio for $300m

(Trade Arabia - 9/18/2018 7:07:00 AM)

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate team had recently acquired its largest US warehouse portfolio, totalling 4.5 million sq ft and including 56 ...

Sreco awards $293m contract for giant Saudi project

(Trade Arabia - 9/18/2018 7:04:00 AM)

Saudi Real Estate for Infrastructure Company (Binyah) has won a SR1.1-billion ($293 million) infrastructure contract from the kingdom's leading developer Al Akaria Saudi Real Estate (Sreco) for its giant Al Widyan project near capital Riyadh.

...

Sico gets key Dubai Financial Market accreditation

(Trade Arabia - 9/18/2018 7:01:00 AM)

Sico, a leading regional asset manager, brokerage, and investment bank, has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM).

Its functions will include making bids and offers for ...

Saudi Cable Company sells entire stake in Turkish group

(Trade Arabia - 9/18/2018 6:59:00 AM)

Saudi Cable Company said it has signed an agreement to sell the company's entire stake in Demirer Kablo, a leading manufacturer of high and extra high voltage energy cables in Turkey, to Chinese group Jiangsu Zongitan Technology (ZTT).

All ...

Tabarak raises stake in Drake and Scull to 13.73%

(The National - 9/17/2018 7:33:00 AM)

Private equity firm Tabarak Investment has increased its shareholding in Drake and Scull International, despite a drop in the Dubai contracting company's shares and ahead of a shareholder meeting later this month, that may decide the company's ...

Aramco, Schneider sign agreement for 4IR solutions

(Trade Arabia - 9/17/2018 6:34:00 AM)

Saudi Aramco and Schneider Electric Saudi Arabia have signed an agreement to pursue a variety of Fourth Industrial Revolution (4IR) solutions under the Digital Transformation Program led by Saudi Aramco’s Technical Services.

Ahmad A Al Ghamdi, ...

Emirates NBD expands Saudi branch network

(Trade Arabia - 9/17/2018 6:29:00 AM)

Emirates NBD, a leading banking group in the Middle East, has expanded its presence in Saudi Arabia with the opening of its branch in Khobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with presence in Riyadh, ...

ADIB raises $750 million in sukuk

(The Gulf Today - 9/16/2018 6:59:00 AM)

Abu Dhabi Islamic Bank (ADIB), announced that it has successfully raised $750 million of additional Tier 1 through a perpetual sukuk that complies with Basel III regulatory framework issued by the Central Bank of the UAE.

ADIB, which is rated ...

RAK Properties, UK firm to develop new tourism destination

(Trade Arabia - 9/16/2018 6:53:00 AM)

RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, is collaborating with leading international British architectural design firm RMJM to create a unique take on outdoor entertainment on Hayat Island at ...