Monday 14 July 2014
 
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Warba arranges $155m loan for UAE oil firm

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

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Nakheel, E&V to launch new real estate company

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.

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Expro announces $2bn order book

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

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Alitalia looking to create new company to woo Etihad

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

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Tabreed net profit up 15pc

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.

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BASF launches ‘Master Builders Solutions’

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

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Bahrain mulls commercial companies law

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

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MAF Properties wins top award

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

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Saudi big market for pharma groups

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

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Saudi 'Top 100' turnover surges 40pc

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

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