TSFE and EFG Hermes acquire 76% of the capital of Arab Investment Bank May 20, 2021 CAIRO: The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding have executed agreements to acquire 76% of the capital of Arab Investment Bank,…
Noor Al Sulaiti becomes the first female CEO in one of Ooredoo Group May 20, 2021 DOHA: Ooredoo announced the appointment of Noor Al Sulaiti as CEO of Ooredoo Oman – the first female CEO in one of Ooredoo Group’s…
Abu Dhabi National Energy Company to host World Utilities Congress May 19, 2021 ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA) will be the official host of the World Utilities Congress, a new global exhibition and…
Moody’s confirms Qatar International Islamic Bank rating at A2/Prime-1 May 16, 2021 QATAR: Qatar International Islamic Bank (QIIB) has announced that Moody’s has confirmed the credit rating at A2 / Prime-1 with a stable outlook. Moody’s…
Union Properties posts profits May 16, 2021 DUBAI: Union Properties, the iconic property developer with a portfolio of diversified subsidiaries, announced 5.6 million Dirhams in net profit for the first quarter…
Dubai Islamic Insurance & Reinsurance Company posts 100% earnings growth May 16, 2021 DUBAI: Dubai Islamic Insurance & Reinsurance Company (Aman), the pioneering UAE Takaful Insurance provider, announced its financial results for the first quarter of 2021….
Ithmaar Holding posts a net profit of $8.86 million in Q1 May 16, 2021 BAHRAIN: Ithmaar Holding announced its financial results for the three-month period ended 31 March 2021 reporting a net profit attributable to equity holders of…
Amanat Holdings reports record high profits May 16, 2021 DUBAI: Amanat Holdings, the GCC’s largest healthcare and education investment company, reports record-high profitability for the first quarter ended 31 March 2021. Amanat records…
Gulf Navigation reports net profit of AED 79 million in Q1 2021 May 16, 2021 DUBAI: Gulf Navigation Holding announced its financial results for the period ended 31 March 2021, reporting a net profit of AED 79 million compared…
Amlak Finance posts net profit of AED 6 million in Q1 May 16, 2021 DUBAI: Amlak Finance announced its financial results reporting a net profit of AED 6 million for Q1 2021, compared to AED 139 million net…