Corporate news and announcements from the stock markets of Middle East and North Africa.
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 plan to launch 15 new branches across the UAE before…
MANAMA, BAHRAIN: Al Salam Bank has recently organized the First Shari’a Departments Forum, which took place at the Bank’s headquarters under the supervision of its Shari’a Audit Department and the support of the Executive Management team. The Forum witnessed active…
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) has received bids from ACWA Power and Masdar for the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park. Masdar has submitted the lowest bid of USD 1.62154 cents…
ABU DHABI, UAE: ADNOC Drilling Company has announced the signing of an agreement to acquire two high-specification Gusto MSC CJ46 design offshore jack-up drilling units. The acquisition, totaling $220 million, is in line with the company’s fleet expansion and growth…
Doha, Qatar: Aamal Company Q.P.S.C., one of the region’s leading diversified companies, announced that its fully owned subsidiary, Aamal Trading and Distribution, intends to start negotiations with Integrated Information Systems Company (IIS) to acquire it. Information Systems Company (IIS) is…
Dubai, UAE: du, from Emirates Integrated Telecommunication Company (EITC), has announced its commitment to achieving net zero Scope 1 and 2 emissions within its operations in the UAE by 2030 and Scope 3 by 2050. The company will be focusing…
DUBAI: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, held the first meeting with its key customers for the year, aimed at highlighting the new developments in district cooling sector and educating on Empower’s…
MANAMA: GFH Financial Group (“GFH” or “the Group”) today has been announced as a Strategic Partner of Future Investment Initiative (FII) Institute, joining the Institute’s list of world-class global partners. FII Institute is a leading nonprofit foundation with an investment…
Manama: Gulf International Bank B.S.C. (GIB) today announced that it has structured and fully underwritten a facility for Noon AD Holdings Ltd and Noon Investment Company CJSC (together with the Noon Group) to support the full acquisition of Namshi Holdings Limited from the…
Abu Dhabi, UAE: ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have announced a strategic investment project worth up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations. The project will develop a…
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in the region, has signed a strategic framework agreement and an implementation agreement with the Government of Uzbekistan to explore strategic opportunities for…
ABU DHABI, UAE: Fertiglobe, the joint venture between ADNOC and OCI Global, has reported its financial results for Q1 2023, revealing a revenue of $694 million, adjusted EBITDA of $297 million, adjusted net profit of $135 million, and free cash…