Ras Al Khaimah Cement buys IHC’s Apex Holding for AED3.05bn January 13, 2022 ABU DHABI, UAE: Ras Al Khaimah Cement Investment (RAKCIC) has agreed to buy entire shares of International Holding Company (IHC) and Chimera Investments in…
Ooredoo Group announces new executive appointments January 6, 2022 DOHA, QATAR: Ooredoo Q.P.S.C. announced the appointment of Mr. Ahmad Al-Neama as Group Regional CEO, Mr. Bilal Kazmi as Group Chief Commercial Officer, effective…
Raslaffan to acquire 40% shares in Nebras Power for $530mn January 5, 2022 DOHA, QATAR: Raslaffan Operating Company has signed a share sale and purchase agreement with Qatar Holding LLC (QH), to purchase 40% of the share…
Alpha Dhabi Holding raises stake in Aldar Properties to 30% January 3, 2022 ABU DHABI, UAE: UAE based conglomerate, Alpha Dhabi Holding has acquired an additional 17% shareholding of Aldar Properties PJSC, one of the UAE’s leading…
Multiply to invest $75mn in Getty Images ahead of NYSE IPO December 29, 2021 ABU DHABI, UAE: Abu Dhabi based Multiply Group has signed a binding commitment to invest AED 275 million (US$75 million) in global visual content…
Doha Bank signs $762.5 million term loan facility December 27, 2021 DOHA, QATAR: Doha Bank has successfully completed the signing of a 3-year syndicated term loan facility on 20 December 2021. The loan proceeds will…
EFG Hermes & MNHD sign EGP 750mn housing and development deal December 26, 2021 CAIRO, EGYPT: EFG Hermes has signed a sale and leaseback agreement amounting to EGP 750 million with real estate development firm Madinet Nasr for…
TAQA & ADNOC announce $3.6bn to power, decarbonize offshore operations December 22, 2021 ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA) and Abu Dhabi National Oil Company (ADNOC) announced a $3.6 billion strategic project to…
International Finance Corporation acquires 25% stake in Tabreed India December 20, 2021 ABU DHABI, UAE: National Central Cooling Company (Tabreed) has finalised a significant strategic partnership with the International Finance Corporation (IFC), under which ownership of…
Rolls-Royce, Qatar Investment Authority agree to invest in nuclear power business December 20, 2021 LONDON, UK: Rolls-Royce Group has reached agreement with Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, to invest GBP…