Kuwait-based Warba Bank has arranged for a $155 million syndicated financing facility for a leading oil services company in UAE.
The bank took park with a stake of $25 million in this transaction along with Noo
Dubai-based Nakheel, a major real estate developer, has signed a letter of intent with German real estate brokerage company Engel and Völkers (E&V) to create a new company specialising in selling and leasing properties in the emirate.
International oilfield services company, Expro, has announced a $2 billion order book for the first time as the company's celebrates its 40 years of operation.
Expro attributed this success to its market-leading position in de
Italian airline Alitalia is considering creating a separate company to hive off its bad debts and appease Gulf-based suitor Etihad, Il Messaggero daily said on Saturday.
The plan was discussed at a meeting in Milan on Friday betwe
National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, said its net profit increased by 15 per cent to Dh272.4 million ($74.1 million) last year, as compared to Dh236.3 million in 2012.
Germany-based BASF, a leading chemical company, has launched its ‘Master Builders Solutions’ brand in the GCC, Russia, Turkey and Kazakhstan.
The solution has already been introduced in the AsiaPacific region and will
Bahrain Industry and Commerce Minister Dr Hassan Fakhro held a key meeting with senior government officials to discuss the development of a commercial companies law, said a report.
The meeting was attended by Transportation Minist
Majid Al Futtaim Properties, a leading real estate developer, won the ‘Retail Company of the Year’ accolade at the Gulf Business Industry Awards (GBIA) held recently in Dubai.
CEO George Kostas said: “This award
Saudi Arabia’s oil-fueled prosperity, growing population and liberal health spending policies are major drivers of market growth and has generated opportunities for multinational pharmaceutical companies, said a report.
The turnover of the "Top 100" Saudi Arabian companies rose by 40 per cent to SR676 billion ($180.2 billion) this year from SR484 billion in 2009, said a report.
Their total assets too increased by 35 per cent to SR3.1 tr