Company News

NBB achieves BD 49.43 million net profit

(BNA - 10/18/2017 10:00:00 PM)

The National Bank of Bahrain (NBB) announced that it has recorded a net profit of BD 49.43 million ($ 131.46 million) for the nine months ended 30 September 2017 compared to BD 46.21 million ($ 122.90 million) for the corresponding period of the previous ...

Aramco professionals honored with SPE International Awards

(Press Release - 10/18/2017 11:43:00 AM)

For more than 90 years, the Society of Petroleum Engineers (SPE) has created a platform for sharing technical ideas in oil and gas exploration and production, and serving as a place for industry to debut its latest technologies. This year’s Annual ...

Batelco Board Appoints New CEO for Batelco Bahrain

(Press Release - 10/18/2017 10:59:00 AM)

Batelco Group (Ticker: BATELCO), the international telecommunications Group with operations across 14 countries, has announced the appointment of Mohamed Bubshait as Batelco Bahrain’s new Chief Executive Officer. Mr. Bubshait joins Batelco from the ...

$1tn Norway fund raps FCA over Aramco

(Financial News - 10/18/2017 10:07:00 AM)

The world’s largest sovereign wealth fund has criticised the UK financial regulator over its controversial efforts to tempt Saudi Arabia’s state-owned oil company to London. Norges Bank Investment Management, which runs Norway’s $1tn oil fund, has ...

FIPCO announces agreements with major contractors

(Tadawul - 10/18/2017 9:58:00 AM)

Further to FIPCO announcement published on Tadawul website on Tuesday, Jan. 31, 2017, which relates to signing of an agreement to take part in a project of producing a new product of the manufacturing (transforming) industries, FIPCO is pleased to ...

DAMAC reports net profit of AED 2.3 bil for the first 9-month of 2017

(Press Release - 10/18/2017 9:40:00 AM)

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading property developer in the Middle East, today announced its first-nine months 2017 financial results, reporting total revenue of AED 5.8 billion and net profit of AED 2.3 ...

Deyaar reports 96% increase in revenue to AED 512 mil as of Q3 2017

(Press Release - 10/18/2017 9:34:00 AM)

Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, today announced its financial results for the third quarter of 2017. The company reported revenues of AED 512 million for the first nine ...

QIB named ‘Best Islamic Bank in GCC & Qatar’

(The Peninsula - 10/18/2017 7:17:00 AM)

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has received two Awards from Global Finance for being the Best Islamic Financial Institution in the GCC and Qatar, for the year 2017.The awards were received by Bassel Gamal, Group CEO at QIB, at an ...

Commercial Bank reports QR259m net profit

(Gulfnews - 10/18/2017 7:16:00 AM)

The Commercial Bank group has reported a net profit of QR259m for the first nine months of the current financial year ended September 30, 2017. The Group’s net profit has declined by 47.3 percent compared to QR491m reported during the corresponding ...

Deyaar reports 96% increase in revenue at Dhs512m

(The Gulf Today - 10/18/2017 6:57:00 AM)

Deyaar Development, one of Dubai’s leading property developers and real estate service providers, today announced its financial results for the third quarter of 2017. The company reported revenues of Dhs512 million for the first nine months of the year ...