Continental Investments LMD and Finance House strengthen partnership with new funding deal

Abu Dhabi, UAE: Continental Investments LMD, a leading real estate developer and a branch of Egypt’s LMD Sabbour Group, and Finance House, the UAE’s premier corporate financial services provider, have…

NNR July 5, 2023

MENA

Aldar Estates to merge with Eltizam in property and facilities management deal

ABU DHABI, UAE: Aldar Properties PJSC, International Holding Company (IHC), and ADNEC Group have announced that they will merge their jointly owned property and facilities management businesses within the Aldar…

NNR July 4, 2023

MENA

ADNOC Gas awards $1.34 billion contracts for gas pipeline expansion

ABU DHABI, UAE: ADNOC Gas, the world-class integrated gas processing company, has announced the award of $1.34 billion in contracts to Petrofac Emirates LLC and the Consortium between National Petroleum…

NNR July 3, 2023

MENA

Aramco and TotalEnergies to Construct $11 Billion Petrochemicals Complex in Saudi Arabia

RIYADH, KSA: Saudi Arabian Oil Company (Aramco) and TotalEnergies have recently joined forces in a significant partnership, signing an $11 billion contract to commence the construction of a state-of-the-art petrochemicals…

Ali Mirza June 24, 2023

MENA

Al Salam Bank acquires majority stake in Al Salam Bank Algeria

MANAMA, BAHRAIN: Al Salam Bank has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), increasing its shareholding from 37.43% to 53.13%, following the purchase of…

NNR June 22, 2023

MENA

TAQA acquires Sustainable Water Solutions Holding to expand its water portfolio

DUBAI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), an international energy and water company, has announced that it has entered into a definitive agreement to acquire Sustainable Water Solutions…

NNR June 21, 2023

MENA

Empower launches its summer campaign to reduce district cooling energy consumption

DUBAI, UNITED ARAB EMIRATES: Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, announced the launch of its annual summer campaign to reduce district cooling…

NNR June 21, 2023

MENA

Al Salam Bank Launches its “Buy Now, Pay Later” Service for its Debit Cardholders

MANAMA: Al Salam Bank announced the launch of its "Buy Now, Pay Later" service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in…

NNR June 20, 2023

MENA

TECOM group secures refinancing for existing loan facility at more favourable terms

DUBAI, UAE: TECOM Group has entered into a new five-year AED 7.6 billion unsecured loan facility replacing the existing partially utilized term loan of AED 7.6 billion. The Facility will…

NNR June 15, 2023

Australian Exchange MENA

Texel Air Australasia Launches as New Zealand’s Newest Cargo Airline

Auckland, New Zealand: Texel Air, a Bahraini cargo airline, has expanded its operations into Australasia with the launch of Texel Air Australasia, a sister airline located at Auckland International Airport.…

NNR June 13, 2023

MENA

Gulf International Bank Signs Silver Sponsorship Agreement with Al Nassr Football Club

Riyadh: Gulf International Bank – Saudi Arabia (GIB) has signed a three-year silver sponsorship agreement with Saudi Al Nassr Football Club as of 1 July 2023 as part of its…

NNR June 12, 2023

MENA

Al Ansari Exchange on track to open 15 new branches across UAE

UAE, DUBAI: Al Ansari Financial Services’ subsidiary, Al Ansari Exchange, the largest outward personal remittance and foreign exchange company in the UAE today announced, after obtaining the necessary approvals, its…

NNR June 12, 2023