Dubai Investments reports surge in profits to AED 123.8 million in Q1
DUBAI: Dubai Investments PJSC has reported a surge in Q1 2021 net profit to AED 123.8 million compared to a loss of AED 6.8 million...
Qatar listed companies report 30.74% jump in profits
DOHA: All of Qatar Stock Exchange listed companies – with the exception of Qatar General Insurance & Reinsurance Company – have disclosed their financial results...
Ooredoo extends exclusivity period with CK Hutchison to combine Indonesian businesses
DOHA, QATAR: Ooredoo Q.P.S.C. has extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) with CK Hutchison Holdings Limited in relation...
eGate Egypt becomes exclusive distributor of Lleida.net services in Egypt
CAIRO: eGate Egypt has signed an agreement with Lleida.net to distribute all the services catalogue of Lleida.net, a news release said. Through the agreement, eGate...
ADES secures contract renewals for seven offshore rigs in KSA
DUBAI, UK: ADES International Holding, leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA) has secured contract...
Drake & Scull International wins over AED376 million contracts
DUBAI: Drake & Scull International (DSI) has won contracts of over AED 376 million in Tunisia, India and Palestine, a news release said. Drake &...
Orascom adds $650 million to its backlog in Q1 2021
DUBAI: Orascom Construction PLC announces that it has added USD 650 million of new awards to its backlog in Q1 2021. These new awards mark...
Gulf International Bank wins at The Digital Banker Middle East & Africa Innovation Awards 2021
MANAMA: Gulf International Bank (GIB) has been named winner in eight key categories by The Digital Banker Middle East & Africa Innovation Awards 2021, a news release...
Dana Gas terminates agreement for sale of its Egyptian assets
SHARJAH, UAE: Dana Gas PJSC has terminated its agreement for the sale of its Egyptian assets, announced on 25th October 2020, a news release said....
Roebuck Asset Management sold Avonmouth logistics center in UK for $123 million
MANAMA, BAHRAIN: Roebuck Asset Management has concluded an off-market sale of Accolade Park to Tritax Big Box REIT Plc for $123 million, a news release...
DP World reports 10% volume growth in 1Q
DUBAI: DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with...
S&P revises Oman Insurance’s outlook to positive on improved operating performance
DUBAI: Oman Insurance Company is assigned a positive outlook by S&P Global Ratings, based on improved operating performance while affirming an A- rating, a news...