The earnings of Kuwaiti companies were flat, despite a solid performance by banks during the first half of the year, on the back of an improving operational environment and reduced provisioning, boosted overall earnings an offset weakness in oth
Oman Oil Company has appointed Isam bin Saud Al Zadjali as its new chief executive officer, said a report.
Al Zadjali comes with more than two decades of experience in the oil and gas sector, having served as senior vice president
Talks have been held on appointing a new cleaning company responsible for the entire kingdom of Bahrain.
Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa chaired a meeting yesterday, which was attended by Municipalities and Ur
Kuwait-based Warba Bank has arranged for a $155 million syndicated financing facility for a leading oil services company in UAE.
The bank took park with a stake of $25 million in this transaction along with Noo
Dubai-based Nakheel, a major real estate developer, has signed a letter of intent with German real estate brokerage company Engel and Völkers (E&V) to create a new company specialising in selling and leasing properties in the emirate.
International oilfield services company, Expro, has announced a $2 billion order book for the first time as the company's celebrates its 40 years of operation.
Expro attributed this success to its market-leading position in de
Italian airline Alitalia is considering creating a separate company to hive off its bad debts and appease Gulf-based suitor Etihad, Il Messaggero daily said on Saturday.
The plan was discussed at a meeting in Milan on Friday betwe
National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, said its net profit increased by 15 per cent to Dh272.4 million ($74.1 million) last year, as compared to Dh236.3 million in 2012.
Germany-based BASF, a leading chemical company, has launched its ‘Master Builders Solutions’ brand in the GCC, Russia, Turkey and Kazakhstan.
The solution has already been introduced in the AsiaPacific region and will