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Category: MENA

Corporate news and announcements from the stock markets of Middle East and North Africa.

NOVONIX and TAQAT to setup battery material facility in Saudi Arabia

March 30, 2023

RIYADH/SYDNEY: NOVONIX Limited has agreed to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy…

Empower approves distributing AED 425 million dividends to shareholders

March 30, 2023

DUBAI – UNITED ARAB EMIRATES: The General Assembly of Emirates Central Cooling Systems Corporation PJSC (Empower), in a meeting convened with a quorum of…

Standard Chartered to sell its Jordanian business to Arab Jordan Investment Bank

March 26, 2023

DUBAI, UAE: Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), as the bank presses ahead with plans to…

Al Baraka Group wins big at the Islamic Finance News ceremony

March 26, 2023

MANAMA, BAHRAIN: The Bahrain based Al Baraka Group B.S.C (“ABG” / the “Group”) has announced two of its Units won the prestigious Islamic Finance…

Dubai Islamic Bank shareholders approve 30% dividend for 2022

March 16, 2023

DUBAI, UAE: Dubai Islamic Bank (DIB) concluded its Annual General Assembly (AGM) with the approval of the bank’s 2022 financial statements and other tabled…

TECOM Group shareholders approve AED 200 million cash dividend for H2 2022

March 15, 2023

DUBAI, UAE: TECOM Group, the creator of specialised business districts and vibrant communities, held its inaugural Annual General Assembly Meeting at one of its…

Aramco posts record 46.5% growth in profits to $161.1 billion in 2022

March 12, 2023

Saudi Arabia’s oil giant Aramco reported a record net income of $161.1 billion for 2022 (46.5% higher than previous year’s $110 billion), the largest…

ADNOC Drilling recommends a final dividend of $341.25 million for 2022

March 7, 2023

ABU DHABI, UAE: ADNOC Drilling Company Board of Directors have recommended a final dividend payment of $341.25 million for 2022, subject to shareholder approval…

SAUDIA launches “Your Ticket Your Visa” Service

March 6, 2023

RIYADH, KSA: SAUDIA, the national flag carrier of Saudi Arabia, has announced the launch of “Your Ticket Your Visa”. The first-of-its-kind service provides guests…

Aramco to invest in a new powertrain technology setup by Geely and Renault

March 2, 2023

DAHRAN, SAUDI ARABIA: Aramco has signed a letter of intent to become a potential minority stakeholder in a new powertrain technology company (PWT), to…

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All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

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