PJSC

Aramco in Talks with Russia’s Biggest Petrochemical Producer

Riyadh - Muslimchronicle

Saudi Arabian Oil Co. Aramco is in talks with Sibur Holding PJSC, Russia’s largest petrochemical producer, about forming a joint venture in the kingdom. Saudi Aramco and Sibur are expected to sign a memorandum of understanding for the project next month when Saudi King Salman Bin Abdulaziz visits Russia. This would be the second rubber-producing venture with a foreign firm.Read more

New foreign listing at SCA

Abu Dhabi - Musimchronicle

The Securities and Commodities Authority has approved listing of Kuwait's Zima Holding Company under the category of Foreign Public Joint Stock Companies (PJSC). The newcomer brings to 127 the number of PJSCs listed at SCA, 111 of which are local and 16 foreign entities, according to an SCA statement.Read more

Olivier Harnisch becomes new CEO of Emaar Hospitality Group

Dubai - Arab Today

Emaar Properties PJSC Tuesday announced the appointment of Olivier Harnisch as the CEO of Emaar Hospitality Group, its hospitality and leisure business. Harnisch brings to Emaar over 30 years of international experience in the hotel and tourism industry. He joins Emaar from Carlson Rezidor Hotel Group in Brussels, where he was chief operating officer responsible for a portfolio of overRead more

DFM Company posts net profit of AED 139.6 Million during first half of 2016

Dubai - WAM

Dubai Financial Market (PJSC) today announced its financial results for the first half of the year ending 30 June 2016, recording a net profit of AED 139.6 Million, compared to AED 200 Million during the corresponding period of 2015, a 30% decrease. The net profit of the second quarter of 2016 reached AED 53.5 Million, a 60% decrease compared toRead more

Abu Dhabi stocks surge most since 2014 on Mideast mega bank deal

Abu Dhabi - Arab Today

Abu Dhabi stocks climbed the most in 18 months as two of the emirate’s biggest banks said they’re in talks to merge in a deal that would form one of the Middle East’s largest lenders by assets. The ADX General Index advanced 4.7 percent to close at 4,524.41, the strongest level in almost two months. National Bank of Abu DhabiRead more