Company News

Investcorp to launch $100m pension fund in Oman

(Trade Arabia - 3/12/2018 5:27:00 AM)

Bahrain-based Investcorp, a leading global provider and manager of alternative investments, will launch a $100 million fund dedicated to Oman’s Pension Funds.

The Opportunities Fund was announced at an event hosted by the Ministry of Defence ...

NBK holds AGM and EGM for 2017 – AGM approves 30% cash

(Arab Times - 3/12/2018 5:14:00 AM)

NBK’s Chairman Nasser Al-Sayer affirmed that “NBK Group has achieved strong performance across all business segments during the year 2017. The Group witnessed a remarkable increase in profitability while continuing to maintain its leading position in the ...

KGL awarded US government contracts worth almost $2bln

(Arab Times - 3/12/2018 5:12:00 AM)

Kuwait and Gulf Link Transport Company (KGL) announced that two of its subsidiaries have been awarded transportation and supply contracts with the US Army worth up to $2B (USD). One of its subsidiaries, KGL Transportation was awarded the US Army’s Heavy ...

Bank Muscat’s $500m bond issue oversubscribed

(Times of Oman - 3/11/2018 8:39:00 AM)

Bank Muscat, the flagship financial institution in Oman, has announced the successful pricing and closure of a five-year $500 million bond issuance under its Euro Medium Term Note (EMTN) programme. The deal, which evoked a strong response from regional ...

Bahrain’s Investcorp bullish about growth prospects in GCC

(Gulf News - 3/11/2018 8:28:00 AM)

Bahrain-based alternative investment firm Investcorp is bullish about growth prospects in the region as the governments undertake privatisation measures to boost economy and create more jobs.

“This region like any emerging market has ups and ...

Air Arabia mulls $11bn aircraft order

(Trade Arabia - 3/11/2018 8:02:00 AM)

Air Arabia has unveiled plans to order 100 narrow-body planes at list prices before the end of the year, a deal estimated to be valued at $11 billion, said a report.

Air Arabia currently operates a fleet of 50 Airbus SE A320 jets and is looking ...

Aramco, Sabic award key project deal to Wood

(Trade Arabia - 3/10/2018 8:08:00 AM)

Saudi Aramco and Sabic have awarded Wood, a leading, global British-owned provider of project management and professional and engineering services in the petrochemicals industrial field, a contract for project management and front-end engineering design ...

Aramco, Shell to pursue global gas opportunities

(Trade Arabia - 3/10/2018 8:07:00 AM)

Saudi Aramco has signed a memorandum of understanding (MoU) with Royal Dutch Shell to jointly pursue international gas business opportunities, including upstream development, liquefaction projects and other aspects of the gas value chain.

The ...

Sabic chief sees Brexit as start of new era for UK-KSA trade

(Arab News - 3/9/2018 5:26:00 AM)

Saudi Arabia will firmly support the UK as it embarks on Brexit, the chief of chemicals giant Sabic said on Thursday. Speaking at a gathering of CEO’s from both countries in London, Sabic CEO Yousef Al-Benyan said: “The UK is going through a journey with ...

Saudi Aramco signs preliminary gas deal with Shell

(Arab News - 3/9/2018 5:24:00 AM)

State oil giant Saudi Aramco signed a preliminary deal to pursue international gas opportunities with Royal Dutch Shell on Thursday as part of top crude exporter Saudi Arabia’s diversification drive before the listing of Aramco.

The memorandum ...