CEPSA to sell its upstream assets in the United Arab Emirates March 1, 2023 LONDON, UK: CEPSA has signed agreement to sell its upstream assets in the United Arab Emirates (UAE) with an effective date of January 1st,…
Al Areen Holding appoints Eng. Ahlam Zainal as CEO February 22, 2023 MANAMA, BAHRAIN: Al Areen Holding Company, a subsidiary of GFH Financial Group engaged in the development of the Al Areen desert project, announced the…
Empower and Dubai Maritime City sign district cooling services deal February 22, 2023 DUBAI, UNITED ARAB EMIRATES: Emirates Central Cooling Systems Corporation PJSC (Empower) and Dubai Maritime City (DMC), have signed an agreement to provide district cooling…
First Abu Dhabi Bank appoints Michel Longhini as Group Head of Global Private Banking February 21, 2023 ABU DHABI, UAE: First Abu Dhabi Bank (FAB) announced the appointment of Michel Longhini as Group Head of Global Private Banking and member of…
Abu Dhabi Ship Building signs Euro 1 billion defence export contract to Angolan Navy February 20, 2023 ABU DHABI, UAE: Abu Dhabi Ship Building (ADSB) has signed its largest defence export contract to date, to deliver three BR71 MKII 71-meter corvettes,…
Al Mal Capital sells 42% interest in Poinsettia Plaza in Ventura, California February 20, 2023 DUBAI, UAE: Al Mal Capital has sold its 42% interest in Poinsettia Plaza in Ventura California, US in a US$ 66.0 million deal. Acquired…
ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt February 15, 2023 ABU DHABI, UAE: ADNOC Distribution has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC. The…
e& acquires ServiceMarket, an online marketplace for household services February 15, 2023 ABU DHABI, UAE: On the 14th of February 2023, Emirates Telecommunications Group Company (e&), has completed the acquisition of Service Souk DMCC “ServiceMarket”, buying…
DEWA and ENOC sign MoU to develop and operate a joint integrated pilot project for the use of hydrogen in mobility February 14, 2023 DUBAI, UAE: In the presence of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, HE Suhail Al…
Embedding ESG into Islamic Finance – Opportunities for Innovation and Growth February 13, 2023 MANAMA: The Annual Islamic Finance Innovation Day (IFID), founded and organized by FinMark Communications, today announced that its fourth edition is set to take…