ADNOC Gas signs $450-550 million LNG supply agreement with PetroChina International Co.

ABU DHABI, UAE: ADNOC Gas plc, a world-class integrated gas processing company, today announced an agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), to supply Liquefied…

NNR September 7, 2023

MENA

Multiply Group acquires majority stake in Media 247 for AED 225 million

Abu Dhabi, UAE: Multiply Group, an Abu Dhabi-based investment holding company, has completed its acquisition of a 55% majority stake in Media 247, a leading outdoor advertising firm in the…

NNR September 6, 2023

MENA

Empower’s summer campaign succeeds in rationalizing energy consumption, reducing bills

DUBAI: Empower, the world’s largest district cooling services provider, announced the success of its summer campaign ‘Set and Save 24°C’ to reduce energy consumption and bills. The campaign, which runs…

NNR September 5, 2023

MENA

Farid Al Mulla named as the new Chief Executive Officer of Emirates Islamic

DUBAI, UAE: Farid Al Mulla has been named as the new Chief Executive Officer of Emirates Islamic, one of the UAE’s leading Islamic financial institutions. He will take over from…

NNR September 5, 2023

MENA

SABIC sells steel subsidiary Hadeed to PIF for $3.33 billion

DUBAI, UAE: SABIC, a global petrochemical giant, announced on Sunday that it had reached an agreement to sell its steel-making subsidiary Hadeed to the Public Investment Fund (PIF), Saudi Arabia’s…

NNR September 3, 2023

MENA

Al Ansari Exchange partners with Fazaa to improve customer experience and social impact

DUBAI: Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE, has partnered with Fazaa, a social initiative that aims to develop social interdependence and solidarity within…

NNR August 30, 2023

MENA

VCBank exits from The World investment and prepares for merger with Esterad

BAHRAIN: Venture Capital Bank, a Bahrain-based Islamic wholesale bank, has announced that it has sold its stake in The World Development Company, which owns an island plot in The World,…

NNR August 29, 2023

MENA

Drake & Scull reports AED 5 million gross profit in Q2 2023

DUBAI, UAE: Drake & Scull International PJSC (DSI), a regional market leader in integrated design, engineering, and development in the MEP, Water and Power and Oil and Gas sectors, has…

NNR August 15, 2023

MENA

SALAMA reports AED 12.26 million net profit in H1 2023

DUBAI, UAE: SALAMA, UAE’s largest Takaful solutions provider, has announced a net profit of AED 12.26 million for the first half of 2023, driven by the development of digital capabilities,…

NNR August 15, 2023

MENA

AMAN Insurance posts AED 4 million net profit in Q2 2023

DUBAI, UAE: AMAN Insurance Company, a Dubai-based Islamic insurance and reinsurance provider, has announced a net profit of AED 4 million for the second quarter of 2023, a 179% increase…

NNR August 15, 2023

MENA

Air Arabia reports record second quarter and first half 2023 results

SHARJAH, UAE: Air Arabia (PJSC), the Middle East & North Africa’s first and largest low-cost carrier operator, today reported a record second quarter and first half 2023 financial and operational…

NNR August 14, 2023

MENA

Eshraq Investments appoints Mohamed Al Hashimi as new CEO

ABU DHABI, UAE: Eshraq Investments PJSC (Eshraq), a leading investment company in the UAE, announced today the appointment of Mohamed Al Hashimi as its new chief executive officer. Al Hashimi…

NNR August 14, 2023