Tag archive for ‘Company’
By Staff writer On Monday, December 14th, 2015
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Emirates Group company and NCR launch full service ATM solution

UAE banking community to benefit from outsourcing of end-to-end ATM network management; 50% annual cost savings with CAPEX reductions   UAE-based Transguard Group, a part of the Emirates Group, has signed a partnership More...

By Staff writer On Thursday, December 3rd, 2015
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Al Khalij Cement Company Starts Pilot Production in Expansion Project

Al Khalij Cement Company, a subsidiary of Qatari Investors Group, announced that it has started its trial production for the expansion line, which has cost an investment of 800 million Qatari Riyal, as previously More...

By Staff writer On Wednesday, November 25th, 2015
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Al Meera Marks 10 Years of Achievements

Al Meera Consumer Goods Company celebrated its 10-year anniversary, capping a decade of achievements that have poured into customer and shareholder satisfaction. At a press conference, Dr. Mohammed Naser Al Qahtani, More...

By Staff writer On Tuesday, October 27th, 2015
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United Development’s Profits Up 5.3%

United Development Company announced Monday its financial results for the first three quarters of 2015. The net profit of the company grew 5.3% year-on-year. The profits for the period was QR619.8 million, compared More...

By Staff writer On Saturday, February 14th, 2015
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United Development Company s Full Year 2014 Results Record Solid Net Income

United Development Company (UDC) United Development Company (UDC) a leading Qatari shareholding company has announced its financial results for the year 2014, reporting revenue of QR 1.9 billion for the year 2014. More...

By Staff writer On Friday, February 13th, 2015
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Qatar Cement Reports QR 420.3 Million Net Profit in 2014

Qatar National Cement Company Qatar National Cement Company reported on Thursday its financial statements for the year ended December 31, 2014, revealing a net profit of QR 420.3 Million in 2014 compared to QR 433.3 More...

By Staff writer On Wednesday, February 11th, 2015
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QPIC posts KD 14.9 mln profit in 9 months

Qurain Petrochemical Industries Company (QPIC) The Qurain Petrochemical Industries Company (QPIC) announced on Tuesday a net profit of KD 14.9 million (USD 50.8 million) in the nine months of 2014, an increase of More...

By Staff writer On Monday, February 9th, 2015
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UASC expands in South America

United Arab Shipping Company The United Arab Shipping Company, UASC, today appointed he Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. The appointment is the latest milestone More...

By Staff writer On Monday, January 26th, 2015
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Kahramaa Profits Grow 11% in 2014

Kahramaa Profits Grow 11% in 2014 Qatar Electricity and Water Company disclosed Sunday its financial statement for the year 2014. It achieved profits worth QR1.530 billion, an 11% increase compared to 2013. HE Minister More...

By Staff writer On Monday, January 26th, 2015
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Borouge participates in Arabplast 2015 exhibition

Arabplast 2015 exhibition Borouge, a joint venture of the Abu Dhabi National Oil Company and Austria’s Borealis, has offered significant opportunities to enhance its customers’ business in pipe, advanced More...

By Staff writer On Sunday, January 18th, 2015
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NDC Inaugurates its New Jack-up Rig Shuwehat, Built in UAE

NDC Inaugurates its New Jack-up Rig Shuwehat, Built in UAE National Drilling Company (NDC) has marked the inauguration of its new state-of-the-art jack-up rig, “Shuwehat”, at a ceremony held in the Hamriyah More...

By Staff writer On Tuesday, January 6th, 2015
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Tabreed completes AED 2.6 billion refinancing of existing debt facilities

Tabreed completes AED 2.6 billion refinancing of existing debt facilities The National Central Cooling Company PJSC, Tabreed, the UAE-based regional district cooling company, today announced the completion of the More...

By Staff writer On Monday, January 5th, 2015
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RasGas Delivers 1000th LNG Cargo to Petronet

RasGas Delivers 1000th LNG Cargo to Petronet RasGas Company Limited (RasGas) last week delivered the 1000th liquefied natural gas (LNG) cargo to Petronet LNG Limited (Petronet) under the Long Term Sales and Purchase More...

By Staff writer On Thursday, January 1st, 2015
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Emaar announces new organisation structure to drive company into next era of growth

Emaar announces new organisation structure to drive company into next era of growth Global property developer emaar properties has announced its new organisational structure to drive sustained value creation for More...

By Staff writer On Wednesday, December 31st, 2014
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ENOC reduces diesel prices by 20 fils to AED 3.10

ENOC reduces diesel prices by 20 fils to AED 3.10 Emirates National Oil Company, ENOC, which is headquartered in Dubai, today announced that it has reduced the price of diesel by an additional 20 fils to AED3.10 More...

By Staff writer On Monday, December 29th, 2014
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Marka acquires Istithmar’s Retailcorp

Marka acquires Istithmar’s Retailcorp Marka PJSC, the UAE’s first public joint stock company focused on the fast growing retail and hospitality sectors, today announced that it has agreed to acquire Retailcorp More...

By Staff writer On Wednesday, December 24th, 2014
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Sketchers picks Dubai as centre for Middle East operations

Sketchers picks Dubai as centre for Middle East operations American company Sketchers has chosen Dubai for its operations’ centre in the Middle East. During a visit to the emirate, Michael Greenberg, President More...

By Staff writer On Tuesday, December 23rd, 2014
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KOC… 80 years of work changed lifestyle in Kuwait

KOC… 80 years of work changed lifestyle in Kuwait Kuwait Oil Company (KOC) celebrates on Tuesday the 80th anniversary of being granted oil drilling concession right in the country under the agreement signed More...

By Staff writer On Wednesday, December 17th, 2014
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DP WORLD wins Best Company for Investor Relations in The Middle East

DP WORLD wins Best Company for Investor Relations in The Middle East DP World has won four awards at the 6th Annual IR Conference and Awards Ceremony in Dubai, including the Best Company for Investor Relations, More...

By Staff writer On Wednesday, December 17th, 2014
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ADPC launches “Maqta Gateway” project

Abu Dhabi Ports Company (ADPC) Under the patronage of H.H. Sheikh Hazza bin Zayed Al Nahyan, National Security Advisor and Vice Chairman of the Executive Council of Abu Dhabi, the Abu Dhabi Ports Company (ADPC) More...

By Staff writer On Tuesday, December 16th, 2014
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ADIB provides AED 1 billion finance facility to Baniyas Investment & Development Company

ADIB provides AED 1 billion finance facility to Baniyas Investment & Development Company Abu Dhabi Islamic Bank, ADIB, a top-tier Islamic financial services group, has finalised a AED1 billion finance facility More...

By Staff writer On Tuesday, December 16th, 2014
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Barwa Wins Tender to Build Low Cost Warehouse

Barwa Wins Tender to Build Low Cost Warehouse Barwa Real Estate Company has won a government tender to Build, Operate and Transfer (BOT) Economic Zones Company Manateq’s Low Cost Warehouse on Plot No 4 here, More...

By Staff writer On Sunday, December 14th, 2014
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KPIOS signs debt settlement totaling KD 130 mln

Kuwait Pipe Industries and Oil Services Company Kuwait Pipe Industries and Oil Services Company (KPIOS) signed on an agreement Saturday to settle its commercial debt with creditors, totaling around KD 130 million More...

By Staff writer On Sunday, December 14th, 2014
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Masdar launches 3rd international Engage Blogging Contest

Masdar launches 3rd international Engage Blogging Contest Masdar, Abu Dhabi’s renewable energy company, today launched the third edition of its international Engage Blogging Contest ahead of January’s Abu Dhabi More...

By Staff writer On Saturday, December 13th, 2014
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Qatar Postal Services Company…International Contributions and Documentation of National Events

Qatar Postal Services Company Despite the remarkable development seen in the area of communications and networking technologies all over the world, the State of Qatar did not ignore the necessity of promoting the More...

By Staff writer On Tuesday, December 9th, 2014
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ADPC launches new trainee programme for UAE nationals

ADPC launches new trainee programme for UAE nationals As part of its ongoing commitment to developing Emirati talent, the Abu Dhabi Ports Company, ADPC, has launched a new trainee programme specifically designed More...

By Staff writer On Monday, December 1st, 2014
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Emirati appointed chairperson of ICCA Middle East Chapter

Abu Dhabi National Exhibitions Company (ADNEC) Khalifa Al Qubaisi, Head of Sales – Congresses and Conferences, Abu Dhabi National Exhibitions Company (ADNEC), has been named Chairperson of the International More...

By Staff writer On Monday, December 1st, 2014
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ADNOC takes full ownership of IRSHAD

ADNOC takes full ownership of IRSHAD Abu Dhabi National Oil Company (ADNOC) has become the sole owner of Abu Dhabi Petroleum Ports Operating Company (IRSHAD) after it acquired Smit Lamnalco limited 40 per cent share More...

By Staff writer On Thursday, November 27th, 2014
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ADNEC expects 51 percent Emiratisation of workforce

Humaid Matar Al Dhaheri, acting group CEO of ADNIC Abu Dhabi National Exhibitions Company today announced that it has achieved 50 percent Emiratisation in its total workforce, raising the number of Emirati employees More...

By Staff writer On Thursday, November 20th, 2014
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Tasweek inks MoU with American Hospital Management Company targeting MENA Healthcare Market

Tasweek inks MoU with American Hospital Management Company targeting MENA Healthcare Market Tasweek Real Estate Marketing and Development, a UAE based advisor and solutions provider serving the property markets, More...

By Staff writer On Wednesday, November 19th, 2014
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Ajman establishes new gas services company

Ajman establishes new gas services company Ajman Holding, Al Fanar Gas Services Group and G Investment yesterday signed a partnership agreement to set up a new gas services company in Ajman. During the signing ceremony, More...

By Staff writer On Tuesday, November 18th, 2014
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Noor Co. posts KD 3.9 mln profit for 9 months

Noor Co. posts KD 3.9 mln profit for 9 months Noor Financial Investment Company on Monday announced a net profit of KD 3.9 million in the first nine months of this year, indicating the earnings per share reached More...

By Staff writer On Sunday, November 16th, 2014
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Oula Fuel Co. posts KD 2.8 mln profit for 9 months

Oula Fuel Co. posts KD 2.8 mln profit for 9 months Oula Fuel Marketing Company on Sunday announced a net profit of KD 2.8 million in the first nine months of this year, indicating the earnings per share reached More...

By Staff writer On Thursday, November 13th, 2014
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NIC’s profits top KD 9.6 mln in 9 months

NIC’s profits top KD 9.6 mln in 9 months The National Industries Company (NIC) said Wednesday it secured KD 9.6 million in profits in the first three quarters of 2014 with per share dividends amounting to More...

By Staff writer On Thursday, November 13th, 2014
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TAQA reports income of AED 620 million during 1st nine months of 2014

TAQA reports income of AED 620 million during 1st nine months of 2014 TAQA, the Abu Dhabi National Energy Company, generated net income of AED620 million and reduced its debt by over AED3 billion during the first More...

By Staff writer On Tuesday, November 11th, 2014
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EmiratesLNG participates in ADIPEC 2014

EmiratesLNG participates in ADIPEC 2014 EmiratesLNG, a joint venture company between Mubadala Petroleum and the International Petroleum Investment Company (IPIC), is participating in the Abu Dhabi International More...

By Staff writer On Tuesday, November 11th, 2014
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Abu Dhabi is a big market for potential offshore project: CEO COOEC

Zhou Xuezhong, CEO of COOEC Abu Dhabi has a prosperous economy, is rich in oil resources and it is also a big market for potential offshore project, according to a top official of the Chinese Offshore Engineering More...

By Staff writer On Tuesday, November 11th, 2014
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Abu Dhabi Technology Development Committee signs partnership with ADNOC

Abu Dhabi Technology Development Committee signs partnership with ADNOC The Abu Dhabi Technology Development Committee (TDC) has signed a partnership agreement with Abu Dhabi National Oil Company (ADNOC) to develop More...

By Staff writer On Monday, November 10th, 2014
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UIC posts KD 8.7 mln in net profit for first 9 months of ’14

UIC posts KD 8.7 mln in net profit for first 9 months of ’14 United Industries Company (UIC), a member of the Kuwait Projects Company (KIPCO) Group, posted on Sunday KD 8.73 million in net profit for the first More...

By Staff writer On Monday, November 10th, 2014
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UASC unveils plans to expand “reefer” business

UASC unveils plans to expand “reefer” business United Arab Shipping Company, UASC, a leading container shipping line and emerging global carrier, plans to make significant investment in new “reefer” More...

By Staff writer On Thursday, November 6th, 2014
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National Petroleum Construction Company /NPCC/ launches new brand identity

National Petroleum Construction Company /NPCC/ launches new brand identity National Petroleum Construction Company (NPCC), launched its new corporate brand identity at Etihad Ballroom in Emirates Palace on the 4th More...

By Staff writer On Tuesday, November 4th, 2014
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QAFCO, University of Liege in Belgium Sign Joint Research Agreement

QAFCO, University of Liege in Belgium Sign Joint Research Agreement Qatar Fertiliser Company and the Belgian University of Liege signed an agreement for a joint cooperation on a research program to use urea as poultry More...

By Staff writer On Thursday, October 30th, 2014
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Al Meera Profits up 77.2% in First 9 Months of 2014

Al Meera Profits up 77.2% in First 9 Months of 2014 Almeera Consumer Goods Company disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a More...

By Staff writer On Thursday, October 30th, 2014
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Mazaya 9-Month Profit Jumps to QR 87.9 Million

Mazaya 9-Month Profit Jumps to QR 87.9 Million Mazaya Qatar Real Estate Development Company’s nine-month net profit for the period ended September 30 has jumped to QR 87.9 Million. This is a substantial increase More...

By Staff writer On Wednesday, October 29th, 2014
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Al Jaber Group wins AED 2.57 billion contract from ADNOC

Al Jaber Group wins AED 2.57 billion contract from ADNOC Al Jaber Building, a member of the Al Jaber Group, has won a contract for the construction of 40 residential buildings for married staff at the Ruwais Housing More...

By Staff writer On Wednesday, October 29th, 2014
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Agthia Group net profit increases by 26 percent in first nine months of 2014

Agthia Group net profit increases by 26 percent in first nine months of 2014 Agthia Group, an Abu Dhabi-based food and beverage company, today reported continued sales and profit growth during the third quarter More...

By Staff writer On Tuesday, October 28th, 2014
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QAPCO Teams with IBM and SAP to Drive Innovation and Growth

QAPCO Teams with IBM and SAP to Drive Innovation and Growth Qatar Petrochemical Company (QAPCO) has signed a strategic relationship agreement with both IBM (NYSE:IBM) and SAP (NYSE: SAP) for the development and More...

By Staff writer On Tuesday, October 28th, 2014
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Qatar Rail signs MoU with Qatar Primary Materials Company

Saad Al Muhannadi, Qatar Rail’s CEO and Issa Al-Hammadi , QPMC’s CEO Qatar Railways Company (Qatar Rail) has signed a memorandum of understanding (MoU) with Qatar Primary Materials Company (QPMC) to More...

By Staff writer On Tuesday, October 28th, 2014
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du Q3 year-on-year revenues exceed AED 3 billion for second consecutive quarter

du Q3 year-on-year revenues exceed AED 3 billion for second consecutive quarter Emirates Integrated Telecommunications Company (du) today announced its financial results for the third quarter of 2014 continuing More...

By Staff writer On Friday, October 24th, 2014
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ENOC reduces diesel retail price by 20 fils to AED 3.50 per litre

ENOC reduces diesel retail price by 20 fils to AED 3.50 per litre Emirates National Oil Company (ENOC) has reduced the price of diesel by 20 fils to AED 3.50 per litre, effective as of October 21, 2014. The revised More...

By Staff writer On Monday, October 20th, 2014
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EGA features in top 100 companies in leadership stakes

EGA features in top 100 companies in leadership stakes Marking its leading position in the aluminium industry’s global ranking, Emirates Global Aluminium, EGA, has been featured in The Boston Consulting Group More...

By Staff writer On Sunday, October 12th, 2014
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Muntajat Subsidiary Opens 10 New Offices in Asia and Africa

Muntajat Subsidiary Opens 10 New Offices in Asia and Africa Wholly owned subsidiary of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) QJSC, Muntajat BV Saturday announced opening More...

By Staff writer On Friday, October 3rd, 2014
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Q8 to supply PIC with 140,000 liters of lubricants

Q8 to supply PIC with 140,000 liters of lubricants  signed Thursday a contract with Kuwait Petroleum International (Q8) to supply it with 140,000 liters of lubricants over two years. The contract was signed at More...

By Staff writer On Thursday, September 25th, 2014
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Marka achieves milestone as company commences trading on Dubai Financial Market

Marka PJSC Marka PJSC, the first public joint stock company focused on the fast growing retail sector in the U.A.E. with a capital of AED500 million, will list its shares on the Dubai Financial Market (DFM) and More...

By Staff writer On Thursday, September 25th, 2014
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Masdar invests in offshore wind farm and expands presence in UK wind energy market

Masdar invests in offshore wind farm and expands presence in UK wind energy market Masdar, the Abu Dhabi renewable energy company, today announced its partnership with Norway’s Statoil and Statkraft in a 402MW More...

By Staff writer On Thursday, September 25th, 2014
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Julphar increases investment footprint across Africa

Julphar increases investment footprint across Africa  In a step that will expand its investments footprint in African markets, Julphar, the Emirati global pharmaceutical company, is sponsoring and participating More...

By Staff writer On Monday, September 22nd, 2014
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Suhail Al Shamsi appointed Treasury GVP for TAQA

Suhail Al Shamsi, new Treasury GVP for TAQA TAQA, the Abu Dhabi National Energy Company, has promoted Suhail Al Shamsi, currently Head of Treasury Operations, to the role of Group Vice-President, Treasury, and member More...

By Staff writer On Sunday, September 21st, 2014
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TDIC to showcase its latest residential development on Saadiyat at Cityscape Global 2014

TDIC to showcase its latest residential development on Saadiyat at Cityscape Global 2014 Tourism Development & Investment Company (TDIC) will be showcasing its latest residential offerings and unique investment More...

By Staff writer On Friday, September 19th, 2014
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Mubadala announces half year 2014 financial results

Mubadala Development Company (Mubadala) Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, today released its interim financial statements and business highlights for More...

By Staff writer On Monday, September 15th, 2014
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Qatari Diar Offers Luxury Residential Project in Istanbul

Qatari Diar Offers Luxury Residential Project in Istanbul Qatari Diar Real Estate Investment Company is embarking on a brand-new seaside residential project in Istanbul, Turkey. The Sea Pearl Atakoy development More...

By Staff writer On Friday, September 12th, 2014
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Aldar’s hotel portfolio revenues up 13% in H1 2014

Aldar’s hotel portfolio revenues up 13% in H1 2014  Aldar Properties PJSC, Abu Dhabi’s leading listed property development, investment and management company, today announced that average occupancy More...

By Staff writer On Thursday, September 11th, 2014
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TAQA appoints Ryan Wong as acting CFO

Ryan Wong, new Chief Financial Officer (CFO) of TAQA TAQA, the Abu Dhabi National Energy Company, has appointed Ryan Wong, currently Group Vice-President, Treasury, to the position of acting Chief Financial Officer More...

By Staff writer On Thursday, September 11th, 2014
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Chevron Phillips Chem Qatar Donates QR 750,000 to Qatari Red Crescent

Michael Zeglin, CP Chem Qatar’s Vice President and Deputy Director and Laura Burdick, International Human Resources Business Partner handed the donation to Saleh bin Ali al Mohannadi, QRC Secretary-General Chevron More...

By Staff writer On Wednesday, September 10th, 2014
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Abu Dhabi’s planned cruise passenger terminal concept design to be unveiled at Seatrade Med 2014

Abu Dhabi, cruise passenger The concept design of Abu Dhabi’s planned permanent cruise passenger terminal is to be unveiled later this month at Europe’s most prestigious cruise event, Seatrade Med 2014, from More...

By Staff writer On Tuesday, September 9th, 2014
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QAPCO Renews Support to Delni Initiative from Ministry of Labour and Social Affairs

Issa Khalifa Al Kuwari from the Ministry of Labour and Social Affairs, Director of the national awareness campaign Delni and Dr. Mohammed Youssef Al Mulla, Vice Chairman and CEO of QAPCO. Qatar Petrochemical Company More...

By Staff writer On Monday, September 8th, 2014
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Dubai Holding’s H1 2014 revenue up to AED 5.6 bn reports

Dubai Holding’s H1 2014 revenue up to AED 5.6 bn reports Dubai Holding, a global investment holding company, on Sunday announced the financial results of its business group, Dubai Holding Commercial Operations More...

By Staff writer On Monday, September 8th, 2014
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IDEX, Abu Dhabi TDC join hands to showcase new innovations at IDEX 2015

Saleh Al Marzooqi, IDEX CEO and H.E. Ahmed Saeed Al Calily, Director General of TDC  IDEX LLC, an ADNEC Group company, has entered a partnership agreement with the Abu Dhabi Technology Development Committee (TDC)’s More...

By Staff writer On Thursday, September 4th, 2014
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Waha Capital enters into a hedging transaction and raises funding on half of its investment in AerCap

Waha Capital Waha Capital, a leading Abu Dhabi-based investment company, has entered into a hedging transaction on half of its shares (c. 14.9 million) in New York-listed AerCap Holdings N.V. (AerCap), the world’s More...

By Staff writer On Wednesday, September 3rd, 2014
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National Drilling Company inaugurates five new rigs

The National Drilling Company, NDC, rig The National Drilling Company, NDC, has inaugurated five new rigs assigned for the maintenance of oil wells, as part of NDC’s fleet expansion plans that cover onshore More...

By Staff writer On Monday, September 1st, 2014
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ENOC joins hands with government stakeholders to ensure usage of green diesel

Emirates National Oil Company (ENOC) Emirates National Oil Company (ENOC) has joined hands with governmental stakeholders to implement the U.A.E. Federal Cabinet decision No. 37 of 2013 on making the use of the More...

By Staff writer On Saturday, August 30th, 2014
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Kuwaiti crude oil price at USD 99.14 — KPC

oil barrel The price of Kuwaiti crude oil slid by 64 cents to settle at USD 99.14 in yesterday’s transactions compared to USD 99.78 the day before, said Kuwait Petroleum Corp. on Friday. The mild decline in More...

By Staff writer On Friday, August 29th, 2014
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du increases LTE expansion plans for 2014 by 25%

Emirates Integrated Telecommunications Company (du)  In response to the increasing demand for faster connectivity at all times and anywhere, the Emirates Integrated Telecommunications Company (du) will expand its More...

By Staff writer On Friday, August 29th, 2014
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KOC clinches Jet Energy Prize 2014

Kuwait Oil Company (KOC)  Kuwait Oil Company (KOC) announced on Thursday it had clinched this year’s Jet Energy Prize, vied for by oil companies worldwide, for the company’s special program to train More...

By Staff writer On Wednesday, August 27th, 2014
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UDC Renews $210 Million Credit Facility Deal

UDC Renews $210 Million Credit Facility Deal  Qatar’s real estate developer, the United Development Company, has announced the renewal of a US$ 210 Million credit facility agreement with a group of banks More...

By Staff writer On Sunday, August 24th, 2014
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KNPC committed to providing fuel products to clients

Kuwait National Petroleum Company (KNPC)  Kuwait National Petroleum Company (KNPC) is committed to providing fuel products to clients according to their needs and certain agreed upon quotas, said a statement by More...

By Staff writer On Sunday, August 24th, 2014
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Al-Meera to Open 9 New Outlets

workshop on building new complexes  Deputy Chief Executive Officer of Al-Meera Consumer Goods Company Dr. Mohamed Nasser Al-Qutaifiya has announced that the company is working at full capacity for the completion More...

By Staff writer On Monday, August 18th, 2014
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DFM Achieves 011% Compliance in Local Company Disclosures of Q2-2014

Dubai Financial Market (DFM) Dubai Financial Market (DFM) today announced that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2014 results within the More...

By Staff writer On Monday, August 18th, 2014
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NDC inaugurates new U.A.E.-built land rig

National Drilling Company (NDC) offshore rig The National Drilling Company (NDC), has inaugurated a new land rig, as part of the company’s fleet expansion programme which, covers offshore, onshore and land More...

By Staff writer On Monday, August 18th, 2014
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Kuwait Investment Company to launch KD 5 million investment fund

Kuwait Investment Company Kuwait Investment Company ponders launching an investment fund in the Gulf finance markets — compatible with the Islamic Shariaa (law). In a statement on Sunday, Bader Nasser Alsubaiee, More...

By Staff writer On Monday, August 18th, 2014
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Gold price slightly declines in last week’s trading

Gold’s price against US dollar The precious yellow metal has slightly declined at the end of last week trading, according to a report by Sabaek Al-Kuwait Company. Driven by the disclosure of positive U.S. More...

By Staff writer On Saturday, August 16th, 2014
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Al Jaber: UAE Project in Egypt to provide 600 buses for Greater Cairo

UAE Project in Egypt to provide 600 buses for Greater Cairo Dr. Sultan bin Ahmed Sultan Al Jaber, U.A.E. Minister of State, and Chairman of the Abu Dhabi Ports Company (ADPC), accompanied by Army Major General El More...

By Staff writer On Friday, August 15th, 2014
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Union Insurance Company Reports 12% increase in H1 2014 Profit

Union Insurance Company Union Insurance Company (UIC), one of the providers of innovative customer-focused insurance products to individuals and organizations in the region, announced results for the first six months More...

By Staff writer On Friday, August 15th, 2014
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Tashilat earns KD 6.5 million

The Commercial Facilities Company (Tashilat) The Commercial Facilities Company (Tashilat) earned KD 6.5 million, 13 fils per share, in the first six months of this year, compared to KD 6.8 million, 13 (fps), in More...

By Staff writer On Thursday, August 14th, 2014
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TAQA reports AED513 million profit for H1 2014

Abu Dhabi National Energy Company, TAQA  Abu Dhabi National Energy Company, TAQA, today announced a net profit of AED513 million for the first half of 2014. The company achieved record oil and gas production, generating More...

By Staff writer On Thursday, August 14th, 2014
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National Real Estates Co. earns KD 8.1 million

Kuwait  The National Real Estate Company earned KD 8.1 million in first six months of 2014, the company said in a statement issued on Wednesday. The earnings for the six months’ period were at a rate of 9.58 More...

By Staff writer On Tuesday, August 12th, 2014
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EPPCO Lubricants signs supply agreement with BK Group Holdings

EPPCO Lubricants signs supply agreement with BK Group Holdings EPPCO Lubricants, a business division of Emirates National Oil Company (ENOC), today signed an exclusive five-year supply agreement with BK Group Holdings, More...

By Staff writer On Tuesday, August 12th, 2014
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KRE posts KD 3.4 mln profits in six months

The Kuwait Real Estate Company (KRE) The Kuwait Real Estate Company (KRE) said on Monday it had gained KD 3.4 million in profits during the first six months of the year, with 3.86 fils earnings-per-share (EBS). This More...

By Staff writer On Tuesday, August 12th, 2014
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Tamdeen Investment realizes KD 7.7 mln profits in 6 months

Tamdeen Investment Company (TAMINV) Tamdeen Investment Company (TAMINV) has realized KD 7.7 million in profits during the first six months of 2014, 26.3 fils earnings-per-share, compared to profits worth KD 5 million More...

By Staff writer On Monday, August 11th, 2014
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ACC Awarded Construction Contract for Jeddah Gate’s Emaar Square

Arabian Construction Company (ACC) Arabian Construction Company (ACC) has been awarded a prestigious construction contract in Saudi Arabia. The UAE-based organisation has signed an agreement with Emaar Middle East, More...

By Staff writer On Monday, August 11th, 2014
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ENOC inaugurates first commercial fuel station at Al Maktoum International Airport

ENOC inaugurates first commercial fuel station at Al Maktoum International Airport Emirates National Oil Company (ENOC) has inaugurated its first commercial service station inside Al Maktoum International at Dubai More...

By Staff writer On Friday, August 8th, 2014
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MELUBCO signs MOU with DP World

MELUBCO The Dubai-based Middle East Lubricants Company, MELUBCO, in which Emirates General Petroleum Corporation is a shareholder, has signed a Memorandum of Understanding with Dubai Ports World. The MOU aims to More...

By Staff writer On Thursday, August 7th, 2014
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SHUAA reports AED116.2 million revenue, AED14.4million profit in H1 2014

SHUAA Capital SHUAA Capital, a Dubai-based investment company, today announced financial results. The company reported that revenues increased 46.1% to AED116.2 million in the first half of 2014, compared to AED79.5 More...

By Staff writer On Thursday, August 7th, 2014
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Al-Meera Discloses Reviewed Semi-Annual Financial Statements

Al-Meera Consumer Goods Company  Al-Meera Consumer Goods Company has disclosed its semi-annual financial statements for the period ending June 30, 2014. The reviewed financial statements for the period ending June More...

By Staff writer On Tuesday, August 5th, 2014
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U.A.E.’s du announces first-in-the-region VoLTE technology using full potential of 4G LTE

Emirates Integrated Telecommunications Company, ”du” Emirates Integrated Telecommunications Company, du, has announced that for the very first time in the Middle East, its customers in U.A.E. will soon More...

By Staff writer On Monday, August 4th, 2014
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Dubai Investments’ H1 net profit more than doubles

Dubai Investments Dubai Investments PJSC (DI), the leading investment company listed on the Dubai Financial Market (DFM), on Sunday said its net profit for the first six months of 2014 has surged to AED 805 million, More...

By Staff writer On Monday, August 4th, 2014
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National Cement, Zad Holding 1st Half Profit Rise

Zad Holding Qatar National Cement Company and Zad Holding Company have disclosed their semi-annual financial statements for the period ending June 30, 2014. Qatar National Cement said in a press release today that More...

By Staff writer On Friday, August 1st, 2014
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Alcatel loss narrows in 2Q but revenue stagnates

Alcatel-Lucent SA Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted, More...

By Staff writer On Saturday, July 26th, 2014
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Barwa Posts 14% Net Profit Increase in H1

Barwa Barwa Real Estate Company financial statements for the period ending June 30, 2014 revealed a net profit of QR 222.22 Million, 14 % increase in comparisons to QR 199.18 Million for the same period last year. The More...

By Staff writer On Friday, July 25th, 2014
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du’s Q2 2014 revenues exceed AED3 billion

Emirates Integrated Telecommunications Company ”du” Emirates Integrated Telecommunications Company PJSC, du, today announced its financial results for the second quarter of 2014, which the company said More...

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