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- UAE firms step up sustainability investment, outpace global peers: HSBC
- Mashreq launches fully digital home loan pre-approval for UAE buyers
- France eyes win-win partnerships with Kuwait as bilateral ties grow
- QSE sees advent of Qatar's first sustainability-compliant banking bond
- Real estate activity hits QR1.99bn across 456 deals in December
- European stocks open higher
- Geopolitical concerns drag QSE down 143 points; M-cap erodes QR7.66bn
- Continued strength and stability of the Omani economy: IMF
- Bahri, Hadeed in talks on maritime transport collaboration
- IHC, US DFC enter major deal to mobilise capital to invest in key sectors
22/08/2013 08:58 AST
Kuwait's Combined Group Contracting Co on Wednesday denied a local newspaper report that it was involved in merger negotiations with Dubai builder Arabtec Holdings.
Kuwaiti newspaper Al-Qabas said Arabtec, part-owned by Abu Dhabi state investment firm Aabar, was in merger talks with Combined Group and Saudi Arabia's Saudi Oger. It cited unnamed sources.
"We are not related to this issue at all...We did not approach anyone and no one from Arabtec offered anything...There is not even an intention in this regard," an executive at the company said, declining to be named.
Saudi Oger officials were not available for comment.
Arabtec Holdings is considering a merger with the largest contractors in Saudi Arabia and Kuwait to create a pan-Gulf construction firm, the firm's chief executive told CNBC's Arabic news channel without specifying company names.
Reuters
02/12/2025
Kuwait-based Combined Group Contracting (CGC) has announced that it has been awarded two key projects worth KD59.7 million ($194 million) by Kuwait Oil Company (KOC) at its refinery facilities in in
Trade Arabia
04/06/2025
Kuwait-based Combined Group Contracting (CGC), a leading player in the Arab Gulf's contracting sector, has announced that it key subsidiaries have secured contracts worth $338.3 million from across t
Trade Arabia
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16/01/2026
Mashreq has launched an instant, fully digital home loan pre-approval service aimed at speeding up and simplifying the mortgage process for homebuyers in the UAE. The new offering allows eligible exp
Gulfnews
16/01/2026
The National Shipping Company of Saudi Arabia (Bahri) and the Saudi Iron & Steel Company (Hadeed) have signed a Letter of Intent (LOI) to explore potential cooperation in maritime transport to meet H
Trade Arabia
16/01/2026
IHC, a global investment company focused on building dynamic value networks, has announced a strategic framework with the US International Development Finance Corporation (DFC) to mobilise transforma
Trade Arabia
16/01/2026
stc group enabled a seamless digital experience for more than 12 million Riyadh Season visitors through smart networks, high-speed connectivity, and real-time performance monitoring
Advanc
Saudi Gazette
15/01/2026
Qatar Islamic Bank (QIB) reported a net profit of QR4.83bn in the fiscal year ended December 31, 2025, registering a 5% year-on-year (y-o-y) increase from QR4.60bn.
Basic earnings per share
Gulf Times
Financial Information Co.
Saudi Arabia