Company News

Emirates NBD’s digital bank Liv. plans regional expansion

(Gulf News - 5/15/2018 8:05:00 AM)

the lifestyle digital bank by Emirates NBD targeted at millennials has completed its first year of operations acquiring 100,000 customers, becoming the fastest growing bank in the UAE.

Leveraging on in its success in the UAE, the bank has plans ...

EIBank reports Dh15m first quarter net profit

(Gulf News - 5/15/2018 7:44:00 AM)

Emirates Investment Bank (EIBank), an independent private bank based in the UAE reported Dh15 million in net profit in the first quarter of this year, down 9.5 per cent from Dh16.57 million in the same quarter last year.

The bank’s operating ...

Seef Properties posts $5.9m Q1 net profit

(Trade Arabia - 5/15/2018 7:28:00 AM)

Seef Properties, a leading integrated real estate company in Bahrain, has posted a net profit of BD2.25 million ($5.93 million) for the first quarter compared to BD2.45 million ($6.45 million) during the same period last year.

Announcing the ...

Kuwaiti developer URC's net profit down 34pc

(Trade Arabia - 5/15/2018 7:26:00 AM)

United Real Estate Company (URC), one of Kuwait’s leading real estate development companies, has achieved a net profit of KD764,500 ($2.52 million) for the first quarter, down 34 per cent over the same period last year.

Founded in 1973 and ...

Etisalat launches region's first commercial 5G network

(Trade Arabia - 5/15/2018 7:25:00 AM)

UAE's leading telecom services operator Etisalat today (May 14) announced the launch of the first commercial 5G wireless network in the country.

In the first phase of the launch, 5G fixed wireless services (fixed and internet services) will be ...

Adnoc, Cepsa sign deal for new project in UAE

(Trade Arabia - 5/15/2018 7:24:00 AM)

The Abu Dhabi National Oil Company (Adnoc) has signed a project development agreement with Spain-based Cepsa for a new, world-scale Linear Alkylbenzene (LAB) facility in Adnoc’s refining and petrochemicals complex in Ruwais, UAE.

Cepsa is a ...

Waha Capital reports 23% net profit rise on improving assets

(The National - 5/14/2018 8:24:00 AM)

Waha Capital said first-quarter profit rose 23 per cent on strong performance of the company’s asset management division and a gain on disposal of shares in US-listed aircraft lessor AerCap Holdings.

The investment firm which counts Mubadala ...

Vodafone set to empower Qatar for a digital future

(The Peninsula - 5/14/2018 8:22:00 AM)

As Telco operators across the world deal with over-the-top competitors and challenge their business models, Vodafone Qatar is transforming itself into a company based on its unique business and digital transformation capabilities. With customers asking ...

QIB and INJAZ Qatar sign deal to launch financial literacy programme

(The Peninsula - 5/14/2018 6:16:00 AM)

Qatar Islamic Bank (QIB) has signed an exclusive agreement with INJAZ Qatar, a leading non-profit organization focused on youth economic empowerment, to sponsor a three-year financial literacy programme for selected high schools and universities in ...

Ehsraq swings back to profit in Q1

(Gulf News - 5/14/2018 6:09:00 AM)

Eshraq Properties on Sunday said it had swung back to profit in the first quarter.

The company reported a net profit of Dh7.75 million for the first quarter 2018 against a net loss of Dh0.95 million in the same period last year.

“The ...