Moody’s re-affirms Qatar Islamic Bank’s A1 rating with stable outlook

DOHA, QATAR: Moody’s Investors Service has reconfirmed the long-term deposit rating of Qatar Islamic Bank (QIB) at A1, with a stable outlook, a news release said. Moody’s said in its…

NNR May 30, 2021

Euronext MENA

13,000 smart LED streetlight implementation across Muscat in Oman

LEUVEN, BELGIUM: More than 13,000 smart LED lights will be implemented in the city of Muscat that are controlled by multiple IoT based smart controllers. 370 Option CloudGate IoT gateways…

NNR May 28, 2021

MENA

Abu Dhabi Ship Building to build patrol vessels for UAE Navy

ABU DHABI: Abu Dhabi Ship Building PJSC signed a dual currency contract to build four Falaj 3-class Offshore Patrol Vessels for the UAE Ministry of Defence and the UAE Navy.…

NNR May 20, 2021

MENA

Noor Al Sulaiti becomes the first female CEO in one of Ooredoo Group

DOHA: Ooredoo announced the appointment of Noor Al Sulaiti as CEO of Ooredoo Oman - the first female CEO in one of Ooredoo Group's key markets - and Bassam Yousef…

NNR May 20, 2021

MENA Wire

Abu Dhabi National Energy Company to host World Utilities Congress

ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA) will be the official host of the World Utilities Congress, a new global exhibition and conference addressing the future of low…

NNR May 19, 2021

MENA Ratings

Moody’s confirms Qatar International Islamic Bank rating at A2/Prime-1

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 credit rating agency reconfirmed QIIB’s long-term…

NNR May 16, 2021

MENA

Union Properties posts profits

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 of 2021 compared to a net…

NNR May 16, 2021

MENA

Dubai Islamic Insurance & Reinsurance Company posts 100% earnings growth

DUBAI: Dubai Islamic Insurance & Reinsurance Company (Aman), the pioneering UAE Takaful Insurance provider, announced its financial results for the first quarter of 2021. Aman reported a net profit attributable…

NNR May 16, 2021

MENA

Ithmaar Holding posts a net profit of $8.86 million in Q1

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 $8.86 million, compared to the net…

NNR May 16, 2021

MENA

Amanat Holdings reports record high profits

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 AED 41.0 million in Total Income,…

NNR May 16, 2021

MENA

Amlak Finance posts net profit of AED 6 million in Q1

DUBAI: Amlak Finance announced its financial results reporting a net profit of AED 6 million for Q1 2021, compared to AED 139 million net loss in 2020. Amlak’s Q1 2021…

NNR May 16, 2021