Etisalat’s chairman today addressed the Abu Dhabi Media Summit taking place at The Yas Hotel in the UAE capital and urged the industry to adopt new business models to maximize their reach across international boundaries.
He highlighted the ca
International ratings agency Moody’s has rated Qatar Islamic Insurance Company (QIIC) as one of the best Islamic insurers in the world for the second consecutive year in 2009.
Net profits of the company totalled QR51m in the year (2009). The s
Qatar Islamic Insurance Company (QIIC) is strengthening its domestic and global operations to increase its market share and efficiency of its investments.
“Our approved three-year strategic plan and goals will permit us to increase our share of i
Nawras yesterday announced its participation in the Tata Global Network (TGN) as the landing party in Oman for one of the most advanced and largest submarine cable networks in the world.
This development means that Nawras customers will be abl
Global credit rating agency Fitch yesterday affirmed Commercialbank’s (Cb) long-term issuer default rating (IDR) at ‘A’, short-term IDR at ‘F1’, individual rating at ‘C’ and support rating at ‘1’.
The support rating floor is affirmed at ‘A’ and
Kuwait Projects Co.(KIPCO) said on Monday it will launch a savings and pensions company in Bahrain, which will be the first of its kind in the Middle East.
KIPCO said in a statement it has signed a memorandum of understanding with Munich Re, on
Shareholders of Bahrain-based Sharia-compliant investment company Inovest at its annual general meeting yesterday agreed to a dividend of seven per cent in bonus shares.
Inovest earned a net profit of $11.3 million last year compared to $91.2m
The National Bank of Kuwait (NBK) yesterday announced a 4 percent increase in its annual net profit for 2009 from KD 255 million in 2008 to KD 265 million in 2009. The operational income of the bank rose by 2 percent to KD 518 million in 2009. The announc
Financial Reports