Corporate news and announcements from the stock markets of Middle East and North Africa.
DUBAI, UAE: Aleph Group, Inc, a digital advertising company, has announced its partnership with UNESCO’s Global Education Coalition, a multi-sector initiative to ensure the continuity and transformation of learning during and after the COVID-19 pandemic. Aleph’s social initiative, Digital Ad…
RIYADH, SAUDI ARABIA: Safanad, a global holding company combining investment and operational excellence, announced the expansion of its leadership team with three new Senior Partners – Saleh Romeih, Faisal Rehman, and Christopher Fazekas – to further enhance its investment and…
MANAMA: Gulf International Bank B.S.C. (GIB) today announced that it has become a signatory to the Women’s Empowerment Principles (WEPs). Established by UN Women and UN Global Compact, WEPs are a set of principles offering guidance to businesses on how…
UNITED ARAB EMIRATES: National Bank of Umm Al Quwain (NBQ) has reported a net profit of AED 385 million for the 9-months period ended on 30 Sep 2023, reflecting a 48% increase compared to the AED 260 million for the…
ABU DHABI, UAE: Al Seer Marine (ADX: ASM), a prominent global player across multiple marine sectors and a subsidiary of Abu Dhabi-based International Holding Company (ADX: IHC), has announced the takeover of the very large gas carrier (VLGC) North Gas….
DUBAI : Saudi Aramco is in talks to buy a 10 per cent stake in Shandong Yulong Petrochemical Co, it said on Wednesday. Shandon Yulong is building a refinery complex that can process 400,000 barrels of crude a day in…
DUBAI, UAE: GFH Partners, a subsidiary of GFH Financial Group, has acquired a diversified logistics and industrial portfolio worth $150 million in Saudi Arabia and the UAE. The portfolio includes light industrial and cold storage facilities, distribution centers, and warehousing…
JEDDAH, KSA: Saudia, the national flag carrier of Saudi Arabia, revealed its new brand identity and livery during a milestone event in Jeddah, in the presence of Royal Highnesses, Excellencies and leaders from both the public and private sectors, as…
ABU DHABI, UAE: AD Ports Group announced that Noatum, which now leads its Logistics Cluster operations, has signed the agreement for the acquisition of the 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo…
DUBAI, UAE: Gulf Navigation Holding (GULFNAV) has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (BPGIC) from Brooge Energy Limited (BEL), a Leading Oil Refinery & Storage Company Listed on NASDAQ. GULFNAV stated that this…
ABU DHABI, UAE: Fertiglobe, a joint venture between ADNOC and OCI Global, is the world’s biggest exporter and producer of urea and ammonia, which are used as fertilizers. It also makes green ammonia, which is a clean fuel. Fertiglobe has…
DUBAI, UAE: TOKO FZE a leading innovator in the FinTech sector, born out of global law firm DLA Piper, announces a transformative strategic partnership with Virtuzone, a pioneer in business solutions and corporate services for the region. The establishment of…