Company News

EIBank reports net profits of Dhs32.77m

(The Gulf Today - 11/6/2018 7:32:00 AM)

Emirates Investment Bank (EIBank), an independent private bank based in the UAE (EIBank), announced its financial results for the first nine months of 2018. EIBank reported a net profit of Dhs32.77 million for the nine-month period ended Sept.30, 2018, ...

DFM Company posts net profit of Dhs103.7m

(The Gulf Today - 11/6/2018 7:31:00 AM)

Dubai Financial Market Company on Monday announced its financial results for the first nine months of the year ending 30th September 2018, registering a net profit of Dhs103.7 million, a 40 per cent decrease from Dhs173.3 million in the same period of ...

Shuaa Capital posts 30pc jump in Q3 net profit

(Trade Arabia - 11/6/2018 7:23:00 AM)

Dubai-based Shuaa Capital, a leading financial services provider, has registered a net profit of Dh30.1 million ($8.2 million) for the third quarter, up 31 per cent over the same period last year. It is the group’s highest quarterly figure since ...

Emaar launches premium Downtown Dubai apartments

(Trade Arabia - 11/6/2018 7:19:00 AM)

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, is offering investors the last opportunity to invest in a residential apartment in Downtown Dubai, the world’s most visited lifestyle and retail ...

Adnoc gas strategy, oil output plan approved

(Trade Arabia - 11/6/2018 7:16:00 AM)

Abu Dhabi’s Supreme Petroleum Council (SPC) has approved the Abu Dhabi National Oil Company’s (Adnoc) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day (mmbpd) at the end of 2020 and 5 mmbpd by ...

Arabtec hires Moelis for debt restructuring

(Reuters - 11/5/2018 9:07:00 AM)

Arabtec Holding has hired New York-based investment bank Moelis to work on a new debt-restructuring plan for the construction company.

The Gulf-based construction company aims to reschedule short-term debt to long-term borrowing. Arabtec had ...

SABIC: embracing new era with 'Chemistry that Matters'

(SHINE - 11/5/2018 9:04:00 AM)

This year marks the 40th anniversary of China’s reform and opening up policy. Saudi Basic Industries Corporation (SABIC) has been fortunate to witness and contribute to this great historical movement.

Since its entry to China in the 1980s, ...

SABIC combines all agri-nutrient assets into one company

(Saudi Gazette - 11/5/2018 9:02:00 AM)

SABIC, the world’s third-largest petrochemical company, announced its decision to establish a new company called ‘SABIC Agri-nutrient Investments, to consolidate all its equity shares and assets currently held in several companies specialized in the ...

FAB receives award for best bank for liquidity management

(The Gulf Today - 11/5/2018 7:54:00 AM)

First Abu Dhabi Bank (FAB) has been recognised as the ‘Best Bank for Liquidity Management Middle East’ for 2018 by Global Finance, at the seventh annual Transaction Processing Awards in Sydney, Australia.

The awards recognise leading financial ...

Al Mazaya reports 9-month net profit at Dhs58.32 million

(The Gulf Today - 11/5/2018 7:51:00 AM)

Al Mazaya Holding, one of the leading real estate development companies in GCC, has announced its financial results for the third quarter of 2018, declaring net profit at Dhs58.32 million and earnings per share at 9.33 fils.

Following the ...