Oman Insurance completes 100% acquisition of subsidiary Dubai Starr Sigorta

July 29, 2020     /

Oman Insurance completes 100% acquisition of subsidiary Dubai Starr Sigorta OIC had bought 51% stake in the company in 2012…

Egypt-listed Eastern Company targets $269.5mln net profit for 2020/2021

July 29, 2020     /

Egypt-listed Eastern Company targets $269.5mln net profit for 2020/2021 The company also targets a total revenue of $995.5mln for the…

ADX lists capital increase shares of JULPHAR

July 29, 2020     /

ADX lists capital increase shares of JULPHAR The accounts have been updated and the new shares will be tradable from…

Saudi banks may suspend dividend payouts for H1 2020

July 29, 2020     /

Saudi banks may suspend dividend payouts for H1 2020 On Sunday, rumors were rife in the market that bank dividends…

Weir Oil & Gas Dubai signs multi-year contract in Iraq

July 29, 2020     /

Weir Oil & Gas Dubai signs multi-year contract in Iraq Contract signed with a gas company in Iraq Read more…

Dubai Financial Market posts 21% rise in H1 profit; gets new CEO

July 29, 2020     /

Dubai Financial Market posts 21% rise in H1 profit; gets new CEO Hassan Al Serkal is appointed as the DFM’s…

Bahrain-based Alba ‘maintaining a stable performance’

July 29, 2020     /

Bahrain-based Alba ‘maintaining a stable performance’ For the first half of 2020, Alba has reported a loss of $28mln Read…

Lack of coronavirus vaccine will slash jet fuel demand until 2023: BofA

July 29, 2020     /

Lack of coronavirus vaccine will slash jet fuel demand until 2023: BofA Air traffic to remain restricted until end of…

Kuwait Petroleum keen on preserving public funds, CEO says

July 29, 2020     /

Kuwait Petroleum keen on preserving public funds, CEO says The Kuwaiti government announced in March a reduction in its energy…