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…