Company News

Barwa Bank wins ‘Excellence in Diversified Islamic Services & Products in Qatar’ award

(Gulf Times - 7/12/2018 8:08:00 AM)

Barwa Bank has been recognised with the ‘Excellence in Diversified Islamic Services and Products in Qatar’ award at ‘The Arab Banks Awards & Commendations of Excellence 2018’, organised recently by the World Union for Arab Bankers (Wuab) in ...

Nakilat H1 net profit rises 9% to QR445mn

(Gulf Times - 7/12/2018 8:06:00 AM)

Qatar-based Nakilat, which owns the world’s largest LNG shipping fleet of some 65 state-of-the-art vessels, posted a first half net profit of QR445mn, up 9% on the QR409mn registered in the same period last year.

During the past year, the ...

QNB Group reports 7% y-o-y rise in H1 profit to QR7.1bn

(Gulf Times - 7/12/2018 8:04:00 AM)

QNB Group has reported a 7% year-on-year increase in net profit to QR7.1bn in the first six months of this year. Total assets increased by 10% to QR846bn, the highest-ever achieved by the group, a bank spokesman said, adding the key driver of total ...

Shuaa discloses $8.83m exposure to Abraaj

(Gulf News - 7/12/2018 7:55:00 AM)

Shuaa Capital said on Wednesday it has an $8.83 million (Dh32.43 million) exposure, along with its clients, to embattled private equity firm Abraaj. The total exposure amounts to 3.6 per cent in the Abraaj Buyout Fund, with $4.9 million on Shuaa’s ...

SEDD signs MoU with Emirates NBD

(Gulf News - 7/12/2018 7:47:00 AM)

Sharjah Economic Development Department (SEDD) announced it has signed a memorandum of understanding with Emirates NBD to develop services that promote economic development in the emirate.

Under the deal, the two sides will cooperate to ...

Ooredoo launches second Spring-Forward initiative

(Oman Daily Observer - 7/12/2018 7:13:00 AM)

After the success of its Springboard initiative, organised as part of its Corporate Social Responsibility (CSR), Ooredoo yesterday unveiled the second part of the campaign, dubbed ‘Spring Forward’, which seeks to groom male and female Omani graduates as ...

Seef Properties posts $6.27m Q2 net profit

(Trade Arabia - 7/12/2018 7:05:00 AM)

Seef Properties, a leading integrated real estate development company in Bahrain, has announced a net profit attributable to the shareholders of BD2.38 million ($6.27 million) for the second quarter of 2018.

The figure is a decline of 10.4 per ...

Sabic world's fastest-growing chemicals brand

(Trade Arabia - 7/12/2018 7:03:00 AM)

Saudi Arabia’s petrochemicals giant Sabic has grown faster over the past year than any other brand in 2018, jumping from eighth to third rank, according to brand valuation and strategy consultancy Brand Finance.

Contributing to Sabic’s ...

FAB reveals $21.4m loan exposure to Abraaj

(Gulf News - 7/11/2018 7:41:00 AM)

First Abu Dhabi Bank (FAB) on Tuesday said it gave Abraaj a $21.4 million (Dh78.6 million), three-year secured loan that matures in April 2019. The revelation sees FAB join a growing list companies that have disclosed their exposure to the embattled ...

CBI, FEWA sign agreement on bill payments

(Gulf News - 7/11/2018 7:36:00 AM)

Commercial Bank International (CBI) will provide bill payment services to its customers through its various branches within and outside the UAE as per an agreement signed by the bank with the Federal Electricity and Water Authority (FEWA).

“As ...