Doha: Geopolitics and oil are key for GCC banks for 2019-2020. The GCC banks’ financial profiles should remain stable for the remainder of these years, absent any unexpected geopolitical shock or significant drop in oil prices, S&P’s Midyear 2019 banking outlook noted.

The banks’ lending growth should stabilise at 4 percent-6 percent as public investments support growth. Returns on assets and net interest margins are to benefit"...

Manama, July 9 (BNA): Electricity and Water Affairs Minister Dr. Abdulhussain Mirza received a delegation from Standard Chartered Bank, Bahrain, headed by its new Chief Executive Officer, Abdulla Abdul Razzaq Bukhwa. Senior advisor to the bank Abdul Rahman Buhaji and a number of officials were present.

Dr."...

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management, the Company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will provide the offshore rigs and supply vessels"...

Manama, June 22 (BNA): Chief Executive Officer of the Electricity and Water Authority (EWA) Shaikh Nawaf bin Ibrahim Al Khalifa visited Al-Dur Electricity and Water Company to inspect the main power grid and the private electricity and water production stations.

The visit came as part of preparations of the EWA and private plants to meet the growing demand for electricity"...