Tuesday, August 20, 2019

Saudi Aramco Springs No Surprises at Gentle First Results Call

(Bloomberg) -- Saudi Aramco’s senior executives can breathe a collective sigh of relief after the company’s first-ever earnings call with investors. The half-hour event was...
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Abu Dhabi’s Aldar Weighs Opportunities in Saudi Arabia and Egypt

(Bloomberg) -- Aldar Properties is considering expanding its development and asset management businesses into Saudi Arabia and Egypt.Aldar sees “interesting opportunities” in Saudi Arabia “with...
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Abraaj’s Naqvi Sentenced to Prison in Absentia by U.A.E. Court

(Bloomberg) -- Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, was sentenced in absentia to three years in prison by a...
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Egyptian E-Payment Firm Fawry Surges in Trading Debut in Cairo

(Bloomberg) -- The first company to make its trading debut on Egypt’s bourse this year, electronic-payments firm Fawry for Banking & Payment Technology Services S.A.E.,...
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Ex-Barclays Executives Face New Charges in 2008 Qatar Fraud Case

(Bloomberg) -- U.K. prosecutors added to the fraud indictment of three former Barclays executives who are to go on trial in connection with the bank’s...
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Training on simplification of work procedures

The Public Establishment for Industrial Estates – Madayn is organising a one-week training programme in Dhofar governorate on simplification of work procedures.The programme, which...
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ahlibank’s total assets up by 11.8% in Q2; net profit for...

In its financial statements for the second quarter (ending June. 30, 2019) ahlibank has recorded a noteworthy growth surge of 11.8% in its total...
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Oman’s real estate sector transactions reach OMR269mn in two weeks

Oman’s total value of real estate sector transactions reached OMR269mn in the 15 days of July and August. The traded value of property was...
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China CNPC extends Oman oil production contract for 15 years

China CNPC has extended its contract for developing an aged oilfield in Oman for another 15 years, Reuters quotes Chinese state oil and group...
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Abu Dhabi Adnoc Acquires 10% Stake in Vitol Oil-Storage Unit

(Bloomberg) -- Abu Dhabi National Oil Co. is acquiring a 10% stake in Vitol Group’s worldwide fuel-storage business, boosting its capacity to store and supply...
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