MIC took delivery of its first rig MENAdrill I in November 2010 from Maritime Industrial Services ‘MIS’ yard in Sharjah, U.A.E. and the rig was subsequently mobilized to Mexico for operating under a contract with …Read full article » Bahrain: Thursday, March 08 - 2012 @ 12:27
The total value of the rig packages will be in excess of $400m including tools, drill pipe, construction oversight and other associated costs.
The first rig is scheduled for delivery on 30 September 2010.
Delivery of …Read full article » United Arab Emirates: Wednesday, September 24 - 2008 @ 14:16
Commenting on FEB’s results, Mr. Esam Yousif Janahi, Chairman – First Energy Bank, said: “We are extremely happy with our first half results, especially given the challenging market conditions we continue to experience in the …Read full article » Bahrain: Thursday, August 12 - 2010 @ 12:48
The project will cover a total area of approximately 375,000 square meters in Al Jubail Industrial City 2.
The project, which will be managed and developed by Cosmos Industrial Investment Corporation, a subsidiary of FEB, in …Read full article » Saudi Arabia: Tuesday, November 17 - 2009 @ 14:23
Operating profit for the period stood at $9.03m, though one-time establishment costs saw the bank enter modest net profits, in line with expectations for its inaugural year. FEB also saw a rise in its asset …Read full article » Bahrain: Thursday, July 09 - 2009 @ 13:31
Specifically, FEB’s profits rose to $14.2m, while its total revenues increased to $47.41m, and total assets rose to $1.233bn.
Esam Yousif Janahi, Chairman of First Energy Bank commented on the banks standing within the marketplace by, …Read full article » Bahrain: Tuesday, March 30 - 2010 @ 14:52
In September 2008, two construction contracts were signed with Maritime Industrial Services Co Ltd Inc (MIS) Sharjah, UAE to construct the two Super M2 jackup rigs based on a new design developed by Friede & …Read full article » Bahrain: Sunday, March 28 - 2010 @ 14:10
The appointment of Khadem Al Qubaisi falls in line with FEB’s strategic vision, and is a testament to the Board’s trust in both Al Qubaisi’s abilities and his vast experience in the banking and finance …Read full article » Bahrain: Wednesday, February 23 - 2011 @ 15:18
The Board of Directors of the First Energy Bank (the “Bank”) announced recently the appointment of Mr. Mohamed Shukri Ghanem to the position of CEO of the Bank.
In statement on this occasion the Chairman of …Read full article » : Monday, December 09 - 2013 @ 10:05
The Saudi Polysilicon Project is being sponsored and developed by Bahrain based Cosmos Industrial Investment Corporation B.S.C. (c) (Cosmos), a subsidiary of First Energy Bank (FEB), in partnership with Project Management and Development Company (PMD), …Read full article » Saudi Arabia: Sunday, January 17 - 2010 @ 14:04