IHIG Pakistan expands its portfolio to build shopping malls

As part of its commitment to invest US$ 118 million in Pakistan, IHIG Pakistan has made significant investments across Pakistan and offers business investment opportunities to Pakistani investors KARACHI: International…

NNR July 24, 2020

USDOT unveils guidance document for regulation of hyperloop in the United States

WASHINGTON: Today, US Department of Transportation (USDOT) Secretary Elaine Chao and the Non-Traditional and Emerging Transportation Technology (NETT) Council unveiled the guidance document on a clear regulatory framework for hyperloop…

NNR July 24, 2020

Bahrain Bourse commences subscription in BHD 150 million issue of Government Development Bond

BAHRAIN: Bahrain Bourse (BHB) announced that as of Thursday, 23rd of July 2020, Bahraini and Non-Bahraini investors could directly subscribe through the primary market of BHB in the Government Development…

NNR July 22, 2020

Emirates Integrated Telecommunications posts net income of AED 570

DUBAI: Emirates Integrated Telecommunications Company (EITC) reported revenues of AED 5.66 billion and a net income of AED 570 million for the first half of the year (H1 2020). The…

NNR July 22, 2020

Al Salam Bank partners Bahrain Bourse and Central Bank of Bahrain on new Shari’a-compliant asset-trading framework

MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative new Shari’a-compliant brokerage service, which…

NNR July 22, 2020

Target Engineering gets SAR 200 million contract from Saudi Aramco

DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary, Target Engineering Construction Company, has been awarded around SAR 200 million contract by…

NNR July 21, 2020

Emirates NBD reports 45% decline in net profit to AED 4.1 billion

Commenting on the Group’s performance, Shayne Nelson, Group Chief Executive Officer said: “As the economy re-opens we are seeing business volumes improving although they are expected to remain below pre-Covid…

NNR July 20, 2020

Emirates Islamic posts net profit of AED 12mn for the first half of 2020

Salah Mohammed Amin, Chief Executive Officer of Emirates Islamic commented: “Our financial results for H1 2020 reflect our measured and cautious approach as the UAE eases lockdown restrictions and begins…

NNR July 20, 2020

Qatar Electricity and Water posts profit of QR 661 million

DOHA: Qatar Electricity and Water (QEWC) posted a net profit of QR 661 Million (net of non-controlling interests) for the half-year ended June 30, 2020 against QR 620 million for…

NNR July 19, 2020

Huawei remains focused on 5G advancements in the Middle East

DUBAI: As nations across the Middle East are rapidly leveraging technological advancements to re-ignite growth following the COVID-19 pandemic, Huawei's regional leadership sees clear opportunities to support local government, societies,…

NNR July 17, 2020

Bahrain Bourse in collaboration with HSBC holds Virtual Roadshow

MANAMA, BAHRAIN: As part of its efforts to attract international investments, Bahrain Bourse in collaboration with HSBC held a virtual roadshow last week with the participation from a number of…

NNR July 15, 2020

5G networks to boost Pakistan economy during COVID-19 recovery

Tania Aidrus, Special Assistant to the Prime Minister, Digital Pakistan, added: “We have to really think of the internet as one of the most democratizing forces. How do we ensure…

NNR July 10, 2020