du launches $50 million venture fund with Shorooq to boost digital innovation across UAE

DUBAI: du, a telecom and digital services provider, on Wednesday announced the launch of du Ventures, a $50 million corporate venture fund formed in partnership with investment firm Shorooq. The fund aims to…

Muhammad ALI June 3, 2026

MENA

UAE’s EMSTEEL signs $4 bln liquefied natural gas supply deal with ADNOC Gas

ABU DHABI - Emirates Steel Arkan (ADX: EMSTEEL), one of the region's largest steel makers, has signed a 20-year liquefied natural gas supply agreement with ADNOC Gas worth between $3.5 billion…

NNR November 26, 2025

MENA

Uber launches driverless rides in Abu Dhabi with WeRide

ABU DHABI — Uber on Wednesday rolled out fully driverless rides in Abu Dhabi, marking its fourth market for autonomous vehicles and the first robotaxi service in the Middle East.…

NNR November 26, 2025

MENA

Saudi Arabia’s Tanmiah Food partners with Schneider, others to cut carbon footprint

RIYADH - Saudi Arabia's Tanmiah Food Company has signed three memorandums of understanding (MoUs) with industrial technology firm Schneider Electric and local firms Strataphy and Kayes Arabia to accelerate its…

NNR November 23, 2025

MENA

Ghanem secures $7.1M funding from Al-Romaih Group to expand fractional real estate platform

RIYADH— Ghanem, a digital real estate platform specializing in fractional ownership solutions, announced Monday it has closed a $7.1 million funding round from Al-Romaih Group, one of the Kingdom’s leading…

NNR November 17, 2025

MENA

Multiply Group acquires majority stake in Ghitha Holding from IHC

ABU DHABI: Multiply Group PJSC has completed its acquisition of a majority stake in Ghitha Holding PJSC from International Holding Company PJSC (IHC), the companies announced Thursday. The transaction follows…

NNR November 14, 2025

MENA

Abu Dhabi’s Investcorp Capital acquires U.S. firm Kanawha Scales & Systems

ABU DHABI: Investcorp Capital PLC said on Friday it had acquired Kanawha Scales & Systems (KSS), a U.S. provider of industrial weighing services, from American Equipment Holdings. The acquisition, arranged…

NNR November 14, 2025

MENA

Dubai Islamic Bank prices $1 billion debut sustainability-linked sukuk

DUBAI: Dubai Islamic Bank (DIB) announced on Nov. 14, 2025, that it has successfully priced a $1 billion debut Sustainability-Linked Sukuk. The five-year issuance carries a profit rate of 4.572%…

NNR November 14, 2025

MENA

Ajman Bank, BHM Capital partner to launch Sharia-compliant equity financing program

DUBAI: Ajman Bank and BHM Capital have signed a strategic partnership agreement to launch a Sharia-compliant Equity Financing Program aimed at expanding investor access to UAE capital markets. The initiative…

NNR November 14, 2025

MENA

Dubai Investments reports 59% surge in nine-month profit, driven by real estate and manufacturing

DUBAI: Dubai Investments, a leading diversified investment company, announced Thursday that its profit before tax surged 59% for the first nine months of 2025, citing strong performance in its real…

NNR November 14, 2025

MENA

Air Arabia posts record Q3 profit of AED 656 million, up 16%

SHARJAH — Air Arabia PJSC reported a record third-quarter net profit of AED 656 million, a 16% increase from the same period last year, driven by strong passenger demand and…

NNR November 12, 2025

MENA

BHM Capital reports 41% jump in Q3 net profit on strong client growth

DUBAI – BHM Capital Financial Services P.S.C. announced strong financial results for the third quarter of 2025, driven by balanced performance across its business lines and significant growth in its client…

NNR November 12, 2025