QNB Organizes 3rd Asset Management Forum
Qatar National Bank (QNB) hosted the 3rd Asset Management Forum, which focused on providing financial corporate solutions and discussed relevant economic and financial topics. The purpose of this forum was to enhance More...
Captain Majed Al Marzouqi: new Etihad VP
Etihad Airways, the national airline of the United Arab Emirates, has appointed Emirati national, Captain Majed Al Marzouqi, as its new Vice President for Corporate Safety and Quality. Capt. Majed joined Etihad More...
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...
ADIB wins top award for developing UAE national talent
Abu Dhabi Islamic Bank ”ADIB” Abu Dhabi Islamic Bank, ADIB, has received the “Human Resource Development Award” for 2014 from the Emirates Institute of Banking and Financial Studies, EIBFS, More...
NBAD hosts leading Islamic finance experts to discuss future of Sukuk
NBAD hosts leading Islamic finance experts to discuss future of Sukuk The National Bank of Abu Dhabi (NBAD) and CNBC hosted an international panel of leading Islamic finance experts to discuss the future of Sukuk More...
UAE national appointed Deputy CEO of Emirates Money
Talal Al Mazrooei, Deputy CEO, Emirates Money Emirates Money, a subsidiary of Emirates NBD, announced today the appointment of Talal Al Mazrooei as Deputy CEO. Al Mazrooei, a UAE national who has been with Emirates More...
National Oil Companies lost 38 billion in 10 years, says Minister of Energy
Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, has said that the UAE local oil companies suffered significant losses due to lower More...
NBAD reports record Q4 and Full Year 2014 results
NBAD reports record Q4 and Full Year 2014 results The National Bank of Abu Dhab, NBAD, has reported net profits of AED1.372 billion in Q4, 2014, marginally higher and up 28 percent year-over-year. For the full-year More...
Union National Bank announces record profit of AED 2,021 million for 2014, up by 16%
Union National Bank announces record profit of AED 2,021 million for 2014, up by 16% Union National Bank (UNB) reported another year of record profit with the UNB Group profit being AED 2,021 million for the fiscal More...
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...
QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding
QNB and Qatari Businesswomen Association Sign a Memorandum of Understanding Qatar National Bank and the Qatari Businesswomen Association (QBWA) signed yesterday a Memorandum of Understanding. The MOU will focus More...
NBK posts KD 261.8 mln in 2014 profits
NBK posts KD 261.8 mln in 2014 profits The National Bank of Kuwait (NBK) has reported net profits of KD 261.8 million (USD 894.2 million) for the year 2014 compared with KD 238.1 million (USD 813.3 million) in 2013, More...
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...
Doha Bank Releases Details of Kharafi National Deal
Doha Bank Doha Bank announced Tuesday details of a deal with Kharafi National to finance projects worth 25 million Kuwaiti Dinars. A statement released on Qatar Exchange website said that the deal will be repaid More...
QNB Announce 2014 Profits, Recommends 75% Cash Dividend
Qatar National Bank (QNB) Qatar National Bank (QNB) announced Tuesday its financial results for the year ending on December 31, 2014. The bank achieved profits of QR10.5 billion, a 10.3% increase compared with the More...
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...
Qatar s Non-Hydrocarbon Sector Accounts for Over Half of GDP
Qatar s Non-Hydrocarbon Sector Accounts for Over Half of GDP Qatar National Bank (QNB) Group’s economic analysis said that the non-hydrocarbon sector in Qatar continues to drive economic growth, pushing its More...
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...
National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance
National Bonds Corporation signs Strategic Agreement with Aafaq Islamic Finance National Bonds Corporation, the leading sharia-compliant savings and investments company in the UAE, has signed a strategic agreement More...
NBAD Securities wins Best Brokerage House
NBAD Securities wins Best Brokerage House The National Bank of Abu Dhabi Securities, NBAD Securities, has been selected “Best Brokerage House in the UAE” for 2014 by International Finance Magazine. International More...
Kuwait inflation down 3 percent in October
Kuwait inflation down 3 percent in October The inflation in the consumer price index (CPI) eased slightly to 3 percent year-on-year (y/y) in October, as inflation in most components slowed, showed a report by the More...
Qatargas Encourages National Graduates to Take Advantage of Learning Opportunities
Qatargas Qatargas organized its annual Qatarization Forum for its National Graduates. Two separate sessions were held for those based in Ras Laffan and Doha. The coaches assigned to guide and mentor the National More...
QNB Wins Two Prestigious Awards from Ethos Integrated Solutions
Retail Heba Al-Tamimi, QNB Group General-Manager Qatar National Bank (QNB), has won two prestigious awards, “Best Customer Experience – Overall Bank in Qatar”, and “Best Customer Experience More...
The Ruble Rubble May Spell Further Trouble: QNB
The Ruble Rubble May Spell Further Trouble: QNB The weekly analysis of Qatar National Bank (QNB) Group said that the Capital flight from developing economies has accelerated, most spectacularly from Russia. A toxic More...
Nat’l SMEs fund enters executive stage
Dr. Mohammad Al-Zuhair, Secretary General of the National Fund for Small and Medium Enterprises (SMEs) Development The National Fund for Small and Medium Enterprises (SMEs) Development has entered a new stage after More...
Khalifa Fund explores ways of cooperation with Kuwait’s National Fund for SME Development
Khalifa Fund explores ways of cooperation with Kuwait’s National Fund for SME Development Khalifa Fund for Enterprise Development and Kuwait’s National Fund for SME Development have discussed ways of More...
FNC passes Union Budget 2015
Federal National Council (FNC) The Federal National Council (FNC) on Tuesday approved two bills, one on additional allocations to the Union budget and budgets of autonomous entities for fiscal year 2014, and the More...
Kuwait eyes bigger role for SMEs in national economy
Anas Al-Saleh, Kuwait’s Minister of Finance Minister of Finance Anas Al-Saleh said Monday that the Kuwaiti government is looking forwards to expanding the contribution of small and medium enterprises (SMEs) More...
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...
Qatar Rail Hosts Workshop on Qatar National Datum
Qatar Rail Hosts Workshop on Qatar National Datum Qatar Railways Company (Qatar Rail) has organized a workshop on the importance of applying the Qatar National Datum (QND95), a comprehensive geodetic datum for topographic More...
Etihad Airways continues winning streak with top awards
Etihad Airways won the award of Best First Class and Best Long Haul Airline Middle-East and Africa Etihad Airways, the national airline of the United Arab Emirates, has won the coveted Best First Class and Best More...
QNB Recognized as Best Bank in Qatar and Middle East in 2014
QNB Recognized as Best Bank in Qatar and Middle East in 2014 QNB has received Best Bank of the year in Qatar and Best Bank of the year in the Middle East awards from Banker Magazine for the fourth year in a row. The More...
National Bank of Fujairah bolsters commitment to UAE’s Emiratisation efforts
National Bank of Fujairah bolsters commitment to UAE’s Emiratisation efforts National Bank of Fujairah, NBF, has announced that thirteen UAE Nationals have joined the fifth edition of its Management Trainee Programme, More...
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...
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...
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...
ADX lists National Investor in Second Market
ADX lists National Investor in Second Market Abu Dhabi Securities Exchange, ADX, today announced the listing of National Investor in the Exchange’s Second Market for private companies under the symbol TNI. The More...
ADNOC Distribution honours UAE national trainees for successful completion of career development programmes
ADNOC Distribution honours UAE national trainees for successful completion of career development programmes ADNOC Distribution hosted a special gathering to recognise a batch of UAE national trainees for the successful More...
NBAD renews sponsorship of Formula 1 Etihad Airways Abu Dhabi Grand Prix
NBAD renews sponsorship of Formula 1 Etihad Airways Abu Dhabi Grand Prix The National Bank of Abu Dhabi (NBAD), has renewed a multi-year agreement to be the Official Bank of the FORMULA 1 ABU DHABI GRAND PRIX. NBAD More...
NBK-Egypt posts USD 38.4mln in net profits for first nine months of 2014
NBK-Egypt posts USD 38.4mln in net profits for first nine months of 2014 The National Bank of Kuwait – Egypt, the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, has reported net profits of EGP More...
Date Palm Festival to open in Abu Dhabi
Date Palm Festival to open in Abu Dhabi Under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Chairman of the Abu Dhabi Food Control Authority More...
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...
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...
NBAD provides AED1.2 billion financing to Abu Dhabi National Hotels
NBAD provides AED1.2 billion financing to Abu Dhabi National Hotels The National Bank of Abu Dhabi, NBAD, has signed a deal to provide a 10-year Term Loan facility of AED1.2bn to Abu Dhabi National Hotels, ADNH. NBAD’s More...
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...
National Bank of Fujairah reports 28.9 percent net profit growth in first nine months of 2014
National Bank of Fujairah reports 28.9 percent net profit growth in first nine months of 2014 National Bank of Fujairah PJSC (NBF) has announced its results for the nine month period ended 30 September 2014, recording More...
NBK posts KD 203.9 mln profits for 9 months
National Bank of Kuwait (NBK) National Bank of Kuwait (NBK) reported net profits of KD 203.9 million (USD 708 million) for the first nine months of 2014 compared with KD 198.6 million (USD 689.4 million) for the More...
Development plan, new bills draw investors’ attention – NBK
Development plan, new bills draw investors’ attention – NBK Kuwait is taking positive steps toward achieving developmental goals, thanks to new laws, a medium-term development plan and the rise in the More...
National Bank of Fujairah establishes equipment finance unit
National Bank of Fujairah establishes equipment finance unit The National Bank of Fujairah (NBF) today announced the official launch of an equipment finance unit capable of supporting not just asset acquisition More...
NBK to sell its 30 pct stake in IBQ to Qatari investors
NBK to sell its 30 pct stake in IBQ to Qatari investors announced here on Thursday that it has agreed to sell its 30 percent stake in International Bank of Qatar (IBQ) to Qatari investors in a transaction worth More...
NBAD launches Shariah Dividend Fund
The National Bank of Abu Dhabi (NBAD) has launched NBAD Shariah MENA Dividend Leader Fund, which invests in select dividend-paying companies traded on the most promising MENA equities markets. The Fund is inspired More...
ADNH appoints new Chief Executive Officer
Ignace Bauwens, Abu Dhabi National Hotels, ADNH, new Chief Executive Officer. Abu Dhabi National Hotels, ADNH, has appointed Ignace Bauwens as Chief Executive Officer. Mr. Bauwens said that he strategically aims More...
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...
Russian Energy Ministry focused on engaging regional energy leaders
POWER-GEN Middle East Conference and Exhibition (PGME) A high-level delegation from the Ministry of Energy of the Russian Federation and several major Russian companies will attend the upcoming POWER-GEN Middle More...
Minister of Public Works briefed on preparations for Dubai Maritime Summit
global maritime summit Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Public Works, and Chairman of the National Transport Authority, received a briefing today from officials of the Dubai Maritime City More...
Oil prices soften further on excess supply, receding Iraq fears
oil barrel Oil prices declined for the second month in a row as markets responded to excess crude supply and receding fears over the disruption to oil supplies by the conflicts in Iraq, Libya and Ukraine, the National More...
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...
Exhibition growth marks strong first half 2014 for ADNEC
Abu Dhabi National Exhibitions Centre (ADNEC) Abu Dhabi National Exhibitions Centre (ADNEC) has recorded a significant increase in the number of exhibitions held in the year to date compared to the same period last More...
QNB Acquires a 12.5% Stake in Ecobank Transnational Incorporated, the Leading Pan-African Bank
QNB Acquires a 12.5% Stake in Ecobank Transnational Incorporated, the Leading Pan-African Bank Qatar National Bank (QNB Group) announced on Thursday the acquisition of a 12.5%1 stake (both ordinary and convertible More...
QNB Launch 7 New Products to Support SME Sector
Hamad Al-Jamali, QNB acting head of SMEs QNB has announced the launch of seven new product offerings in support of the important small- and medium-sized enterprises (SME) sector in Qatar. The new package of measures More...
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...
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...
Corporate profits wane in 1st half of 2014
Kuwait Aggregate profits of listed Kuwaiti companies during the first half of the year were unimpressive, despite the strong growth in bottom lines seen by banks, said a report published here on Wednesday by the More...
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...
QNB: Declining Food Prices Increase the Risk of Global Deflation
QNB International food prices have been declining in recent months, reflecting record harvests and weak global demand. Declining food prices have in turn contributed to lower inflation in the Eurozone, the United More...
Real estate sector performance in July affected by seasonality
Kuwait Kuwait’s real estate sector saw a modest performance in July as sales totaled KD 268 million, said a report issued on Friday by the National Bank of Kuwait (NBK). Sales dropped by 37% year-on-year (y/y) More...
Etihad Airways’ new schedule provides more choice to and from South Africa
Etihad Airways announced changes to its schedule between Abu Dhabi and Johannesburg, South Africa Etihad Airways, the national airline of the United Arab Emirates (U.A.E.), today announced changes to its schedule More...
NBAD MENA Income and Growth Fund delivers 2.40% Semi Annual Dividend
The National Bank of Abu Dhabi ”NBAD”, Head Office The National Bank of Abu Dhabi (NBAD) distributed 2.40% dividend to NBAD MENA Income and Growth Fund investors with the option to reinvest the dividend More...
Kuwait’s credit growth in June hit five-year high
Credit was strong in June, with year-on-year (y/y) growth accelerating to its fastest pace since 2009 and putting two months of weakness behind it, a specialized economic report stated Wednesday. The report, by More...
NBAD Subsidiary in Americas Renamed, Strong Service Continues
The National Bank of Abu Dhabi ”NBAD”, Head Office The National Bank of Abu Dhabi (NBAD) has renamed its wholly-owned subsidiary in the Americas toNBAD Americas N.V. NBAD established the subsidiary in More...
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...
NIND gains KD 8 million of profits in Q1 2014
National Industries Group Holding (NIND) The National Industries Group Holding (NIND) announced gaining KD eight million of profits with six fils per share in the first six months of 2014, compared to profits More...
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...
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...
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...
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...
Etihad Airways acquires 49 per cent of Alitalia
Etihad Airways , Alitalia The recapitalised Italian national airline will now be able to invest in a comprehensive strategic business plan which will see new long-haul routes from Rome and Milan, a revitalized brand, More...
Al-Bahar passes away after prominent achievements
Mohammad Abdulrahman Al-Bahar , the deceased Chairman of the National Bank of Kuwait (NBK) The deceased Chairman of the National Bank of Kuwait (NBK) and prominent business man Mohammad Abdulrahman Al-Bahar was More...
NBAD First to select new NCR Branch Transformation Technology in the Middle East
The National Bank of Abu Dhabi (NBAD) The National Bank of Abu Dhabi (NBAD), is the first financial institution in the Middle East to select NCR SelfServ 91, a new hardware platform that will help NBAD transform More...
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...
His Highness the Amir sends cable of congratulations to Swiss pres.
Switzerland, national day His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Friday congratulated president Didier Burkhalter on the national day of Switzerland. In the cable, His Highness the Amir wished More...
His Highness the Amir congratulates Macedonia on nat’l day
Macedonia His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Friday sent a cable of congratulations to President of the Republic of Macedonia George Ivanov on the occasion of his country’s national More...
QNB Group: MENA Needs Subsidy Reform for Sustainable Development
QNB Global spending on energy subsidies totaled USD492bn in 2011. Middle East and North Africa (MENA) countries alone accounted for nearly half of that amount, making the burden of subsidies on public resources More...
NBAD Sukuk Income Fund Delivers 5.83% DividendAnnualised
The National Bank of Abu Dhabi ”NBAD” The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87%of the net asset value (NAV) ofUS$5.2532, More...
