Bloomberg Saudi Arabia’s state-owned oil giant has ‘mega investment’ plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s chief executive officer. The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies, including in a planned large refinery project on India’s west ...

Dubai / WAM Emirates Islamic announced the successful completion of a $200 million syndicated Murabaha term financing for Ajman Bank PJSC. Al Hilal Bank, Dubai Islamic Bank and Sharjah Islamic Bank joined the transaction as Initial Mandated Lead Arrangers & Bookrunners alongside Emirates Islamic. Emirates Islamic played a key role in coordinating the financing which carries a two year tenor. ...

AJMAN / WAM Digital Ajman Government signed a joint cooperation agreement with IBM, on the sidelines of its participation at GITEX Technology Week 2017. The agreement will see IBM providing consulting and strategic planning services and determining both the processes and the technology requirements for Ajman’s Digital Government implementations. The agreement also aims to strengthen cooperation and coordination in the ...