Qatar’s Masraf Al Rayan and Al Khaliji agree to merge
Masraf Al Rayan and Al Khalij Commercial Bank (Al Khaliji) have announced that they have entered into a merger agreement on January 7th 2021.
Qatar names a new Chief of Amiri Diwan
The new Chief of Amiri Diwan, H.E. Sheikh Saoud bin Abdulrahman bin Hassan bin Ali Al Thani, was Assistant Chief of the Diwan since September 2019.
Qatar Airways reports QAR 7 billion net loss for 2019-2020
Qatar Airways has published its Annual Report for 2019-20, highlighting the airline group’s resilience in the face of the most challenging period in global aviation’s history.
Saudi Aramco Energy Ventures taps Mahdi Aladel as CEO
Saudi Aramco appointed Mahdi Aladel as new CEO to run its $500 million venture capital and investments arm, according to Bloomberg.
Dar Group appoints Catherine Tobiasinsky as CGO
Catherine Tobiasinsky held a variety of senior management roles at Arcadis, the global design and consultancy firm, where she worked for over 13 years.
Salaam Al Shaksy to oversee OAB-Alizz integration
Salaam Al Shaksy, former CEO of Alizz Islamic Bank, has been named Chief Integration Officer of Oman Arab Bank.
Taqa consortium to build the world’s largest solar plant
Taqa and Masdar said their consortium with partners French group EDF and China’s JinkoPower will develop the world’s largest solar plant.
AMMROC to become wholly owned by EDGE Group
EDGE Group acquires the remaining 40 per cent stake currently held by Lockheed Martin Corporation and Sikorsky in AMMROC.
Nesma, Almabani awarded airport contract
Red Sea Development Company has awarded its largest value contract to date to Nesma and Almabani for airside infrastructure works.