Challenging quarter impacts Shell Pakistan’s results

KARACHI: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the second quarter results for the company on 21stAugust. The company posted an after tax loss of PKR 3,540…

NNR August 21, 2020

Islamic Insurance signs agreement with Allianz for cooperation in health insurance

DOHA: Qatar Islamic Insurance Group (QIIG) and Allianz International and its associates in insurance operations celebrated the signing and inauguration of the exclusive agreement in health insurance cooperation. The agreement…

NNR August 19, 2020

Launch of mobile banking app marks new chapter in Al Salam Bank’s digitization journey

MANAMA: Al Salam Bank-Bahrain last week marked the beginning of an exciting new chapter in its ongoing journey towards digitization with the launch of its new mobile banking app. The…

NNR August 19, 2020

Avon Rubber gets NATO supply contract

LONDON: Avon Rubber is pleased to announce that Avon Protection has been awarded a 10-year contract by the NATO Support & Procurement Agency to supply FM50 mask systems, powered and…

NNR August 19, 2020

SALAMA announces AED11.5 million surplus distribution to Takaful policyholders

DUBAI: Islamic Arab Insurance Company (SALAMA), the UAE’s largest and oldest Shari'a compliant Takaful solutions provider, today announced a payment of surplus (cash returns) of AED11.5 million to eligible group…

NNR August 18, 2020

Profits of QSE listed companies decline 19.68% in the H12020

DOHA: All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the period ended June 30, 2020. The results show a net profit of QR 15.8…

NNR August 16, 2020

Juwai IQI and Maymar sign MoU for development of real estate sector in Pakistan

HONG KONG: Juwai IQI Holdings and Maymar Housing Services have signed a memorandum of understanding (MoU) to collaborate on a potential joint venture to bring the Juwai and IQI brands…

NNR August 14, 2020

Mazaya to partner Aariane to develop part of the Ariane City located in Mesaimeer

DOHA: Mazaya Real Estate Development is considering a strategic partnership with Ariane Real Estate to develop part of the Ariane City project located in Mesaimeer, where the Company had reached…

NNR August 13, 2020

Deyaar posts net profit of AED 8.5 million for 1H2020

DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first half of 2020. The company reported revenues of…

NNR August 13, 2020

DAMAC reports loss of AED 387 million for 1H 2020 due to Covid 19 and adverse business conditions

DUBAI: DAMAC Properties Dubai Co. announced financial results for the first half of 2020, reporting total revenue of AED 2.4bn vs AED 1.9bn in 1H 2019. Booked sales for the…

NNR August 13, 2020

Net Income attributable to Al Baraka Banking Group’s shareholders reaches $47mn

This decrease came as a result of the Group's allocating of a significant increase in precautionary provisions to offset the expected damages resulting from the negative economic impact of the…

NNR August 11, 2020

Seef Properties reports net profit of BD 2.71 million for the period ended 30 June 2020

MANAMA: Seef Properties B.S.C., announced its financial results for the six-month period ended 30 June 2020. The Company reported net profits and total comprehensive income attributable to the parent of…

NNR August 11, 2020