ADNOC Drilling and Alpha Dhabi launch JV to invest in energy tech

ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding have formed a joint venture (JV) to pursue global investments in energy technology and services. The JV, incorporated at Abu…

NNR January 9, 2024

MENA

2PointZero appoints Sheikh Zayed bin Hamdan as Chairman, Mariam Almheiri as CEO

ABU DHABI: 2PointZero, a subsidiary of International Holding Company (IHC), announced the appointment of H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan as Chairman of 2PointZero and H.E. Mariam…

NNR January 8, 2024

MENA

Public Investment Fund invests in Saudia Technic

JEDDAH, SAUDI ARABIA: The Public Investment Fund (PIF) announced the signing of an agreement to invest in Saudia Technic, a subsidiary of Saudia Group.Formerly known as Saudia Aerospace Engineering Industries,…

NNR January 3, 2024

MENA

Taiba Investment Co. announces new CEO and Managing Director

RIYADH: Taiba Investment Co., a leading Saudi company in the fields of real estate, hospitality, and tourism, has announced the appointment of Mr. Sultan bin Badr Al-Otaibi as its new…

NNR January 1, 2024

MENA

Petro Rabigh announces unplanned shutdown of High Olefins Fluid Catalytic Cracker

Riyadh: Due to an unexpected issue, the High Olefins Fluid Catalytic Cracker (HOFCC) at Petro Rabigh has been shut down for urgent maintenance. The company is working to fix the…

NNR December 28, 2023

MENA

Emirates Stallions Group acquires 60% stake in AFKAR Financial & Property

DUBAI: Emirates Stallions Group (ESG), a global investment, engineering, and construction solutions company and a subsidiary of International Holding Company (IHC), has announced the acquisition of a 60% stake in…

NNR December 28, 2023

MENA

Sure Global Tech signs a 100 million Riyal deal with the KSA Ministry of Investment

RIYADH: Sure Global Tech Co., a leading provider of technical solutions and services, announced that it has signed an open framework agreement with the Ministry of Investment, KSA, to develop…

NNR December 27, 2023

MENA

Phoenix Group to acquire a 25% stake in Lyvely Ltd

ABU DHABI: Phoenix INV Holdings, a wholly owned subsidiary of Phoenix Group PLC, has entered into a subscription and investment agreement dated 26th December 2023 to acquire a 25% stake…

NNR December 26, 2023

MENA

Empower and ASHRAE enter into a global partnership

DUBAI: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) met in Dubai to…

NNR December 26, 2023

MENA

GIB Saudi Arabia raises SAR 1.5 billion in debut Sukuk issuance

Gulf International Bank – Saudi Arabia (GIB KSA), a leading bank in the Kingdom, has successfully issued its first Tier 2 Sukuk worth SAR 1.5 billion under its newly established…

NNR December 25, 2023

MENA

Fitness Time Xpress opens new men-only center in Riyadh

RIYADH: Fitness Time Xpress, a brand of Leejam Sports Company, is opening a new men-only fitness center in Riyadh on Sunday, December 24, 2023. The center will offer 24-hour service,…

NNR December 25, 2023