It’s happening – you’ve thought about it, decided, and then thought about it again: you’re renting an office for your business. This is a big and important step for any company, that can lead to many exciting things. However, there are a lot of important decisions that need to be made along the way. This…
Gulf International Bank posts profits
BAHRAIN: Gulf International Bank (GIB) has announced its period ended 30th September 2021 financial results. The third quarter of 2021 witnessed a significant increase in net profit attributable to the Shareholders of the Bank, reaching $21.2 million compared to a loss of $59.9 million in the same quarter last year. The increase is driven by…
Arkan Building Materials appoints Chairman, CEO
ABU DHABI, UNITED ARAB EMIRATES: Arkan Building Materials Co. (ADX: ARKAN) has appointed the company’s Chairman, Vice Chairman, and Group CEO during its Board of Directors meeting. The strategic combination of Arkan and Emirates Steel created the UAE’s largest steel and building materials company, Arkan Building Materials Co. This follows the appointment of Arkan’s new…
MSCI Includes Yahsat in its Global Indices
ABU DHABI, UNITED ARAB EMIRATES: Al Yah Satellite Communications Company (ADX: Yahsat), the UAE’s flagship satellite solutions provider, has been included as a constituent of the MSCI Small Cap Indices, including the MSCI All Country World Index (ACWI) Small Cap Index, MSCI Emerging Markets Small Cap Index, and the MSCI UAE Small Cap Index after…
DAMAC Properties announces AED2.39 billion revenue
DUBAI, UAE: DAMAC Properties Dubai (DFM: DAMAC) announced financial results for the nine month ended September 2021, reporting Revenue of AED 2,394 million, booked sales of AED 4.1 billion and deliveries of c.4,400 units in Dubai. Gross profit of AED 707 million was 15% lower than similar period last year’s gross profit of AED 828…
Oman Insurance launches a unique Middle East medical solution
DUBAI, UAE: In a bid to drastically simplify and improve access to health insurance for companies operating in the UAE and across the Middle East, Oman Insurance Company (DFM:OIC) has launched its Regional Insurance Medical Solution (RIMS). This new service, implemented in partnership with a leading third-party administrator MedNet and with four other regional insurers,…
Cardano Price Prediction 2021 and Beyond – Will Cardano Reach $10
What is Cardano (ADA)? Cardano is a blockchain-focused network that operates its own mainnet. In addition, cryptography can do whatever the network seems to need without restrictions. Especially when developing a platform, Cardano is created by InputOutput Hong Kong (IOHK). In addition, BitShares developer and Ethereum co-founder Charles Hoskinson run the company. In addition, the…
Johnson & Johnson to spin out consumer products division
LONDON, UK: Johnson & Johnson will split into two public companies, a news release said. The pharmaceutical and medical devices divisions will be separated from the consumer products business known for Band-Aid and Tylenol, and baby shampoo. The larger pharmaceutical and medical device business will retain the Johnson & Johnson name. The divisions — which…
NEPRA notifies social investment guidelines for power sector
KARACHI, PAKISTAN: Power sector regulator has notified the code to encourage initiatives to protect the environment and to effectively mitigate adverse climate change, promote the well-being of local communities and human development in the electric power sector with the purpose to ensure that power brings prosperity. The authority has implemented NEPRA Social Investment Guidelines, 2021 that…
Höegh Autoliners intends to list on Euronext Growth Oslo
OSLO, NORWAY: Höegh Autoliners ASA announced intention to launch a private placement of new shares in the company and to list the company’s shares on Euronext Growth Oslo. Höegh Autoliners is one of the leading global providers of deep-sea RoRo transportation services, operating a fleet of around 40 Pure Car and Truck Carriers (PCTC) sailing…
Partners Group sells Pacific Bells for $18.6mn
LONDON, UK: Partners Group, the Investment Manager of Princess Private Equity Holding Limited, has agreed, to sell Pacific Bells, a leading franchisee of the Taco Bell brand in the US, to Orangewood Partners, a long-term focused private investment firm. The transaction values Princess’ stake in Pacific Bells at approximately USD 18.6 million. This compares to…
Kazatomprom signs term contracts with China
NUR-SULTAN, KAZAKHSTAN: JSC National Atomic Company (Kazatomprom) announced that the Company, represented by its Chief Commercial Officer, Askar Batyrbayev, participated virtually in the China International Import Expo 2021, held in Shanghai, China from 05-12 November 2021. During the Expo, Kazatomprom concluded two term contracts for the supply of Kazakhstani natural uranium concentrates: one with China…