Empower and Dubai Maritime City sign district cooling services deal
DUBAI, UNITED ARAB EMIRATES: Emirates Central Cooling Systems Corporation PJSC (Empower) and Dubai Maritime City (DMC), have signed an agreement to provide district cooling services...
First Abu Dhabi Bank appoints Michel Longhini as Group Head of Global Private Banking
ABU DHABI, UAE: First Abu Dhabi Bank (FAB) announced the appointment of Michel Longhini as Group Head of Global Private Banking and member of the...
Abu Dhabi Ship Building signs Euro 1 billion defence export contract to Angolan Navy
ABU DHABI, UAE: Abu Dhabi Ship Building (ADSB) has signed its largest defence export contract to date, to deliver three BR71 MKII 71-meter corvettes, along...
Al Mal Capital sells 42% interest in Poinsettia Plaza in Ventura, California
DUBAI, UAE: Al Mal Capital has sold its 42% interest in Poinsettia Plaza in Ventura California, US in a US$ 66.0 million deal. Acquired in...
ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt
ABU DHABI, UAE: ADNOC Distribution has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC. The closing...
e& acquires ServiceMarket, an online marketplace for household services
ABU DHABI, UAE: On the 14th of February 2023, Emirates Telecommunications Group Company (e&), has completed the acquisition of Service Souk DMCC “ServiceMarket”, buying 100%...
DEWA and ENOC sign MoU to develop and operate a joint integrated pilot project for the use of hydrogen in mobility
DUBAI, UAE: In the presence of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, HE Suhail Al Mazrouei,...
Embedding ESG into Islamic Finance – Opportunities for Innovation and Growth
MANAMA: The Annual Islamic Finance Innovation Day (IFID), founded and organized by FinMark Communications, today announced that its fourth edition is set to take place...
Al Salam Bank’s mobile app brings a new era of payday with salary advance launch
MANAMA, BAHRAIN: Al Salam Bank announced the launch of its latest app feature, “Advanced Salary”, enabling clients who receive their salaries through the Bank 15...
BHM Capital obtains a new license from SCA as a financial advisor
UAE, DUBAI: BHM Capital Financial Services, one of the leading companies in the UAE’s financial markets, has been granted the license to become a Financial...
KIPCO signs $525 million medium-term credit facility
KUWAIT CITY: KIPCO – the Kuwait Projects Company (Holding) announced that it has signed a US$ 525 million (KD 160.4 million equivalent) credit facility with...
Dubai Financial Market 41.7% jump in net profit for 2022
DUBAI, UAE: Dubai Financial Market Company announced its consolidated results for the fiscal year ending on 31st December 2022, registering a jump of 41.7% in...