News and events

Kuwait's Gulf Bank posts 4% rise in 2013 net profit

03/25/2014, 06:30PM From arabianbusiness.com

Kuwait's Gulf Bank reported a 4 percent rise in 2013 net profit on Tuesday and said it would pay a dividend of 5 percent through an issue of bonus shares....

See more

Ashghal awards $3.45 billion deals to boost road network

03/24/2014, 09:30PM From ifpinfo.com

The road network development in Qatar has received yet another boost with the country’s premier infrastructure building agency, Public Works Authority (Ashghal) awarding Expressway contracts to the tune of QR12.6bn ($3.45 billion)....

See more

Saudi Arabia to develop five integrated medical cities

03/24/2014, 09:30PM From ifpinfo.com

The Kingdom of Saudi Arabia is developing five integrated medical cities intended to offer high quality healthcare services for the populace of the Kingdom to address the rapidly increasing demand for health services, a Kuwait Finance House (KFH) report showed....

See more

Saudi Arabia approves a $533 million fund to invest in manufacturing

03/24/2014, 09:30PM From ifpinfo.com

Saudi Arabia's cabinet has approved the creation of a new company to invest in manufacturing industries as the world's top oil exporter tries to diversify its economy and generate jobs, state news agency SPA said....

See more

Projects in Qatar register second highest growth rate in GCC by 26%

03/23/2014, 06:45PM From ifpinfo.com

Qatar’s projects market grew 26 per cent last year, the second highest growth rate in the GCC, where project awards increased overall by 21 per cent between 2012 and 2013, according to recent statistics....

See more

$186 million dividend for GPIC shareholders

03/23/2014, 06:30PM From gulf-daily-news.com

PIC made $186 million in net profits in 2013 in addition to other achievements and records enabling it to win several prestigious awards during the year, company chairman and adviser to His Royal Highness the Prime Minister for industrial and oil affairs Shaikh Isa bin Ali Al Khalifa announced in a statement following the 35th annual general meeting. Read More ...

See more

Intertek plans oil and gas lab in Abu Dhabi

03/21/2014, 06:45PM From ifpinfo.com

Intertek, a global provider of quality and safety services worldwide, has announced plans to set up a new oil and gas laboratory in Abu Dhabi at an investment of Dh8.5 million ($2.3 million). ...

See more

Qatar issues tender for Doha Metro trains and tracks

03/21/2014, 06:45PM From ifpinfo.com

Qatar has issued a new tender for phase one of its Doha Metro, a key infrastructure project in the Gulf country as it prepares to host the 2022 World Cup. ...

See more

Omani firm to deliver five offshore oil platforms to Abu Dhabi

03/21/2014, 06:45PM From theenergyinfo.com

Delivering on the vision of diversifying the local economy, and bringing employment opportunities and benefits to the citizens of Oman, the Sohar-based L&T Modular Fabrication Yard (MFY) has placed a keen focus on developing In-Country Value (ICV). ...

See more

Qatar spending jumps 33% in first half of 2013/14 fiscal year to $25.6 billion

03/21/2014, 06:45PM From ifpinfo.com

Qatar's government spending rose nearly 33 percent to 93.2 billion riyals or $25.6 billion in the first half of this fiscal year, speeding up after a slow start to soccer World Cup 2022 projects, data showed....

See more

Pages