ICD announces lower net profit on steady revenues for 2016
Investment Corporation of Dubai (ICD) announced revenues of AED 176.3 billion and a net profit of AED 22.1 billion for 2016.
Senaat revenues slightly down to AED 13.4 billion
Senaat, one of the largest industrial investment holding companies in the UAE, announced financial results for the fiscal year ended 31 December 2016.
Dubai’s Al Ghurair names Samer Alhaj as new Group CEO
Al Ghurair, a Dubai-based diversified industrial conglomerate, has announced Samer Alhaj as its new Group Chief Executive Officer.
Abu Dhabi-based KBBO Group names new CEO, CFO
KBBO Group, an Abu Dhabi-based investment firm, has appointed Yazen Abu Gulal as Chief Executive Officer and Sunil Singh as Chief Financial Officer.
Saudi Arabia, GE announce agreements worth $15 billion
Saudi Arabia and GE announce raft of MoUs and agreements worth $15 billion in industrial project development and cross-sector capacity building.
‘The world’s only Hindu sheikh’ who built cricket in Oman
The modern era of cricket in Oman began in the 1970s, spearheaded by the enthusiasm of Kanaksi Khimji, patriarch of the Khimji Ramdas business empire.
Abu Dhabi’s Al Qudra Holding to acquire Al Rayan Investment
Al Qudra Holding, an Abu Dhabi-based real estate and investment company, agreed to buy Al Rayan Investment Company for more than AED 1 billion in stock.
Al Masaood Group appoints a new chairman
The Al Masaood Group has announced that its long-time Chairman and Co-founder H.E. Abdulla Al Masaood has retired after many years in the role.
Mubadala Development releases full year 2016 results
Mubadala Development Company published its 2016 results, the last operational year before it evolves, in May 2017, into Mubadala Investment Company.