Friday 29 April 2016
 
»

Commercial Bank Q1 net profit hits $75m

The Commercial Bank of Qatar delivered a net profit of QR274 million ($75 million) for Q1 2016 compared to QR462 million in Q1 2015 last year. Net operating income reached QR929 million, while net profit was up 177 per cent to QR274 million as compared to previous quarter.

More…

Sidra Capital acquires first US property

Sidra Capital has announced its first foray into the US real estate market with the funding and acquisition of a newly-built office building in the prosperous Charlotte suburb of Fort Mill, South Carolina. The SR350-million ($93.26 million) property is a 23,000-sq-m office accomm

More…

Reforms will boost growth; draw capital: Aramco

Executives at state-owned oil major Saudi Aramco said the economic reform plan announced by Saudi Arabia's Deputy Crown Prince Mohammed bin Salman would fuel growth by boosting existing company initiatives and attracting new capital. The prince's Vision 2030 announced pla

More…

HUGE REFORMS: Saudi to become global investment power

Saudi Arabia Deputy Crown Prince Mohammed bin Salman unveiled ambitious economic plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power. Prince Mohammed said the world's top oil exporter expects state

More…

Boursa Kuwait starts managing KSE

Boursa Kuwait has officially assumed responsibility for the management of the Kuwait Stock Exchange’s (KSE) operations, it announced today. The hand-over follows the implementation of a detailed operational plan and strategic roadmap to ensure the smooth transition of stock marke

More…

HUGE REFORMS: Saudi to become investment powerhouse

Saudi Arabia Deputy Crown Prince Mohammed bin Salman today unveiled ambitious economic plans aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power. Prince Mohammed said Riyadh would raise the capital of its public invest

More…

Less than 5pc of Aramco to be sold in IPO

Saudi Arabia plans to sell less than 5 per cent of its state oil company Saudi Aramco through an initial public offering (IPO), Deputy Crown Prince Mohammed bin Salman said on Monday. He said in a television interview he expected Aramco, the world's biggest energy company, to

More…

Saudia appoints HSBC to arrange $1.3bn sukuk

National carrier Saudi Arabian Airlines (Saudia) has appointed HSBC as the lead arranger for a SR5 billion ($1.3 billion) sukuk issue, its director general said on Monday. The sukuk would be sold in the second half of the year, Saleh Al-Jasser told reporters. Jasse

More…

Saudi bourse rises as prince outlines reforms

Saudi Arabia's stock market recovered from early losses and rose in late trade on Monday as Deputy Crown Prince Mohammed bin Salman outlined a sweeping economic reform plan. Measures include building up the government's Public Investment Fund to become a major player in g

More…

Saudi plans military industries holding firm

Saudi Arabia plans to set up a holding company for military industries that would be fully owned by the government at first and listed later on the Saudi bourse, Deputy Crown Prince Mohammed bin Salman said on television on Monday. "We are now about to establish a holding co

More…
 < 1 2 3 4 5 > 

calendarCalendar of Events

Ads