Company News

Aramco execs see Uber as a bigger threat to oil demand than Tesla

(Business Insider - 12/11/2017 1:38:00 PM)

Senior officials at oil giant Saudi Aramco are more concerned about the growth of ride-sharing apps such as Uber than about the rise of electric vehicles. Speaking to the Financial Times, two senior executives at the Saudi Arabian oil company said they ...

Sohar Islamic provides extensive solutions for SMEs

(Times of Oman - 12/11/2017 6:17:00 AM)

As part of its commitment towards the national focus on optimising the development of small- and medium-sized enterprises (SMEs), Sohar Islamic — Oman’s premier Islamic banking window from Bank Sohar — offers a wide array of products and services that ...

QIB announces first weekly Misk Account winners

(The Peninsula - 12/11/2017 6:12:00 AM)

Qatar Islamic Bank (QIB), announced the first five winners of its new “Misk” Savings Account. Five winners from the Misk account holders are randomly selected every week in the presence of an official representative from the Ministry of Economy and ...

Omantel wins Telecom Deal of the Year

(Oman Daily Observer - 12/11/2017 6:01:00 AM)

Omantel was awarded TMT M&A Emerging Markets Telecom Deal of the Year for 2017 at the TMT Finance M&A Awards held in London recently. The Award was presented to Omantel for their 22 per cent acquisition of a stake in Zain Group for a total value of $2.2 ...

Etisalat unveils white paper on cloud development

(Trade Arabia - 12/11/2017 5:52:00 AM)

UAE-based Etisalat, a top telecom group in association with professional services firm Deloitte and ICT company Huawei has launched a joint White Paper entitled “From Pipelines to Clouds -Etisalat`s Playbook”. The White Paper shares lessons learned in ...

Ooredoo Oman offers discounts on iPhone X

(Trade Arabia - 12/11/2017 5:51:00 AM)

Ooredoo Oman, a top telecom provider in the Sultanate, is offering discounts of up to RO120 ($311) and 40 GB of monthly data when purchasing the iPhone X. The value-added offer is available to customers who pair their new handset with any 12 or 24 month ...

NBF joins Nasdaq Dubai’s Murabaha platform

(Gulf News - 12/10/2017 5:12:00 PM)

National Bank of Fujairah (NBF) has announced that it has joined Nasdaq Dubai’s Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Sharia-compliant solutions and trading opportunities. NBF is ...

Emirates NBD-KSA partakes in 5th STFS

(Saudi Gazette - 12/10/2017 6:17:00 AM)

EMIRATES NBD - KSA successfully participated in the 5th Annual Saudi Trade Finance Summit (STFS) 2017, which is the most important event to discuss key trends in trade finance within the objectives set by the Saudi Vision 2030. It is well known that the ...

Saudi Basic Industries Cooperation set to boost investments in China

(Arab News - 12/10/2017 6:00:00 AM)

Saudi Basic Industries Corp. (SABIC), the Saudi leading petrochemical company, has signed a memorandum of understating (MoU) to boost its investments in the People’s Republic of China. SABIC signed the MoU with the Guangzhou Nansha Development Zone ...

GFH plans to develop ‘one of the key land banks in the region’

(The National - 12/10/2017 5:50:00 AM)

GFH Financial Group, the Bahraini Sharia-compliant investment house, is drawing up a development strategy for a 25 million square metre land bank with a US$1.2 billion value, across the GCC, India and Africa that it acquired in August, its chief ...