REUTERS State-run oil firm Saudi Aramco has named Ibrahim al-Buainain as chief executive officer of its trading arm, it said in an emailed statement on Tuesday in response to a Reuters query. It said Buainain started his new role earlier this month. Buainain had held the position of head of transaction development at Saudi Aramco for less than a …

  REUTERS Saudi Arabia’s Etihad Etisalat (Mobily) swung to a net profit in the second quarter, according to a statement on Tuesday, after not repeating a significant provision recorded in the corresponding quarter of last year. Mobily, which had slashed 27 months of previously-reported earnings by nearly $1 billion, made a net profit of 18.8 million riyals in the three …

  Manama / TNS New rules that make it mandatory for all commercial registration holders (CRs) to be members of the Bahrain Chamber of Commerce (BCCI), will help reduce the incidence of ‘ghost’ companies, a top official has said. BCCI second vice-chairman Abdulhameed Al Kooheji told the GDN on the sidelines of the inauguration of a new and improved Client Care …