Tuesday 24 December 2024
 
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GCC bank

Otis Elevator wins big Saudi contract

Otis Elevator Company said its Saudi affiliate has won six contracts for supply and installation of 263 elevators, including 10 double-deck elevators, and 90 escalators to different buildings in the King Abdullah Financial District in Riyadh.

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GCC bank assets hit $1.29 trillion

GCC banks account for 65.4 per cent of the total Arab banks' assets which have reached $1.29 trillion, said a top banking official citing the latest statistics for the last year. 'The UAE banks are in the lead with total assets of

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