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Saudi Arabia's Tasnee swings to Q2 net profit
Source : tradearabia  
Date : 2016-07-26
Saudi Arabia's National Industrialization Co (Tasnee) on Tuesday said it swung to a net profit in the second quarter, beating analysts' forecasts and ending a run of five straight losses....
Sinopec to develop Iran’s Yadavaran oilfield
Source : tradearabia  
Date : 2016-07-26
Sinopec Company of China will develop the second phase of the Yadavaran oilfield in Iran, a top official was quoted as saying in an Iran Daily report....
Saudi Aramco appoints head of trading unit
Source : tradearabia  
Date : 2016-07-26
State-run oil firm Saudi Aramco has named Ibrahim al-Buainain as chief executive officer of its trading arm, it said in an emailed statement on Tuesday in response to a Reuters...
Qatar's industrial sector improves by 2.5% in May
Source : The Peninsula  
Date : 2016-07-26
The general monthly Producer Price Index (PPI) of Qatar's Industrial Sector for May 2016 was estimated at 44.9 points, showing an increase of 2.5 percent compared to the PPI index...
Aamal net profit rises 23.5% to QR305.5m in H1
Source : The Peninsula  
Date : 2016-07-26
Aamal Company, one of GCC's fastest growing diversified companies, posted a net profit of QR305.5m for the first half of 2016 (H1, 16), up 23.5 percent, as compared to QR247.4m...
Potable water from Oman’s Wadi Dayqah reservoir from 2019
Source : Oman Daily Observer  
Date : 2016-07-26
Potable water from the Wadi Dayqah reservoir - the largest surface water reservoir in the Sultanate - is expected to begin flowing into the water grid supplying parts of Muscat...
Vacant homes set to drive down rents in Abu Dhabi
Source : Khaleej Times  
Date : 2016-07-26
More housing units are expected to be vacant in Abu Dhabi in Q3. This will have "a more dramatic impact" on residential rental demand, said property advisory company JLL Mena....
UAE to have over 100 new hotels in next two years
Source : Khaleej Times  
Date : 2016-07-26
The UAE will witness opening of more than 100 hotels in the next two years while 183 hotel projects with 54,000 hotel rooms in the country are in the pipeline,...
Dewa organises 'Partnership for the Future'
Source : Gulf Today  
Date : 2016-07-26
Dubai Electricity and Water Authority (Dewa) has organised a Creativity Lab workshop, with the theme 'Partnership for the Future,' which was attended by strategic partners....
Invest bank records profit of Dhs169m
Source : Gulf Today  
Date : 2016-07-26
Invest bank posted a net profit of Dhs169 million by the end of the second quarter of 2016 compared with Dhs193 million in the corresponding period last year....
Aldar sees Al Ain as key growth market
Source : Gulf Today  
Date : 2016-07-26
Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, views Al Ain as a key expansion market for its retail portfolio, driven by its significant local population...
The last chance for telecom Saudization
Source : Saudi Gazette  
Date : 2016-07-26
Is it possible that the drive to Saudize telecommunication shops has failed? I will not rush things, but I observe signs of grumbling and complaints about services provided at such...
Keeping our fingers crossed
Source : Arab News  
Date : 2016-07-26
When the 2016 budget was announced, we were optimistic that it will be the beginning of a realistic financial concept. The budget was announced amid general circumstances at home and...
Saudi Cement posts SR249m net profit
Source : Arab News  
Date : 2016-07-26
Saudi Cement met analysts' estimates as it reported a 2 percent decline in second-quarter net profit on Monday due to a drop in sales and rising power costs....
Sukuk issuance in key markets up 11% in H1
Source : Arab News  
Date : 2016-07-26
Sukuk issuance from key markets in H1, 2016 rose 11 percent compared to a year earlier, according to Fitch Ratings' analysis, underlining our expectation for gradually increasing issuance over the...
Banking stocks drag Tadawul index down
Source : Arab News  
Date : 2016-07-26
Gulf stock markets diverged on Monday, with the two main bourses in the United Arab Emirates recovering from losses in the previous session, while banks weighed on Saudi Arabia's index....
Iran insists that Boeing, Airbus deals will go ahead
Source : Tehran Times  
Date : 2016-07-26
The Iran Civil Aviation Organization (ICAO) has insisted that recently announced deals with the world’s two big aircraft manufacturers, Boeing and Airbus, can still go ahead, despite strong opposition to...
Strategic investments 'key for oil sector growth'
Source : tradearabia  
Date : 2016-07-26
Making strategic long-term investments, and pooling knowledge and resources from within the oil and gas industry is central to energy sector progress, said senior officials and world representatives at a...
First Mena standardisation conference held
Source : Gulf Today  
Date : 2016-07-26
du, the region's first full member operator of the Global Certification Forum (GCF), welcomed regional and global telcos to the first Mena standardisation conference in association with GCF....
Dubai's future looks bright, with or without oil
Source : Khaleej Times  
Date : 2016-07-26
Welcome to the UAE, a country amidst an oil-rich region, with minimum reliance on oil export revenues, a futuristic infrastructure and a solid economic outlook....
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