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EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

Qatar’s Islamic lender buys 5% stake in Al Rayan

  • The Islamic lender’s shareholding in Al Rayan rises to 75 percent
  • This represents a purchase of 5,000,000 ordinary shares of GBP1 par value

Masraf Al Rayan, Qatar’s Islamic lender, has bought an additional 5 percent stake in Al Rayan (UK) from Qatar Holding LLC.

This represents a purchase of 5,000,000 ordinary shares of GBP1 par value.  As a result of the purchase, Masraf Al Rayan shareholding in Al Rayan (UK) Ltd has increased from 70 percent to 75 percent, the bank said in a statement on the Qatar Stock Exchange on Monday.  Al Rayan (UK) Ltd holds 98.34 percent of Al Rayan Bank PLC.

Masraf Al Rayan is in talks with Khalij Commercial Bank over a potential merger, which will lead to the creation of one of the largest Sharia-compliant banks in Qatar and the Middle East.