Company News

Damac awards Akoya Oxygen infrastructure contract

(Trade Arabia - 12/12/2018 6:37:00 AM)

Damac Properties, a leading luxury real estate developer in the region, has awarded infrastructure works contract worth Dh40 million ($11 million) to Proscape for its 207,000 sq-m cluster, Aquilegia, located within the 55-million-sq-ft community, Akoya ...

S&P revises QIB outlook to ‘stable’, affirms ‘A-’ rating

(Gulf Times - 12/11/2018 6:18:00 AM)

International credit rating agency, Standard & Poor’s (S&P) has revised the outlook on Qatar Islamic Bank (QIB) to ‘stable’ and affirmed the ‘A-/A-2’ issuer credit rating.

According to the report issued by S&P: “Our rating on QIB reflects our ...

NBF awarded ‘Best Islamic Window UAE’ award

(The Gulf Today - 12/11/2018 5:56:00 AM)

National Bank of Fujairah (NBF) announced that NBF Islamic has retained the ‘Best Islamic Window — UAE’ accolade for the third consecutive year at the Islamic Business and Finance Awards 2018.

Hosted by CPI Financial, the Islamic Business and ...

UAE investment group buys key stake in Gulf Navigation

(Trade Arabia - 12/11/2018 5:49:00 AM)

UAE-based Goldilocks Investment Company said it has reached an agreement with Gulf Navigation Holding, a leading maritime and shipping company based in Dubai, to acquire a 18.32 per cent stake in the company.

This includes 4.68 per cent held ...

Agility Kuwait invests $100 mln in logistic technology sector

(Arab Times - 12/11/2018 5:41:00 AM)

Agility Public Warehousing Company (KSC) announced Monday investing $100 million for the next three years in logistic technology sector, via launching a digital platform to manage electronicallylinked operations.

It added in an statement ...

Alinma Bank hosts Fintech Forum

(Saudi Gazette - 12/10/2018 6:09:00 AM)

ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Company, with the stated goal of raising awareness about ...

Adnoc awards onshore stake to ZhenHua Oil

(The Gulf Today - 12/10/2018 5:25:00 AM)

The Abu Dhabi National Oil Company (Adnoc) announced, on Sunday that the four per cent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Petroleum International Company Ltd, a ...

Burgan Bank appoints CEO for Kuwait

(Trade Arabia - 12/10/2018 5:22:00 AM)

Burgan Bank has announced today the appointment of Raed Al-Haqhaq as chief executive officer for its operations in Kuwait after obtaining approval from the Central Bank of Kuwait.

Al-Haqhaq played a vital role in shaping and executing the ...

Bank Sohar awards social media contest winners

(Oman Daily Observer - 12/9/2018 6:08:00 AM)

Following an exciting social media competition focused on the safety and wellbeing of student communities that witnessed thousands of participants, Bank Sohar recently invited at its head office in Muscat the 10 lucky winners of the ...

Omantel awards second Porsche

(Oman Daily Observer - 12/9/2018 6:06:00 AM)

Omantel has given away a Porsche Panamera, the 2nd grand prize of its ‘Recharge and Win’ promotion last week, in a ceremony held at Safeer Mall Suhar.

Saleh al Maimani, Senior Manager of Product Development at Omantel’s Consumer Business Unit, ...