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

MENA

Al Salam Bank Organizes First Shari’a Departments Forum

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…

NNR June 8, 2023

MENA

Masdar submits lowest bid for 1,800MW Phase of Mohammed bin Rashid Al Maktoum Solar Park

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.…

NNR June 8, 2023

MENA

ADNOC Drilling expands offshore jack-up rig fleet with acquisition of two premium units

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,…

NNR June 6, 2023

MENA

Aamal Trading & Distribution to acquire Integrated Information Systems Company

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…

NNR June 4, 2023

MENA

du announces net zero carbon emissions targets by 2030 and 2050

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…

NNR June 1, 2023

MENA

Empower meets its key customers to discuss the new developments in the district cooling sector.

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…

NNR May 29, 2023

MENA

GFH Signs Strategic Partnership with FII Institute

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.…

NNR May 29, 2023

MENA

Gulf International Bank partners with Noon to support the acquisition of Namshi

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…

NNR May 24, 2023

MENA

ADNOC and TAQA partner to develop $2.4 billion sustainable water project

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…

NNR May 24, 2023

MENA

TAQA to invest in Uzbekistan’s power sector in partnership with the government

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…

NNR May 22, 2023

MENA

Fertiglobe reports lower revenue amid European gas prices and shipment deferrals

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…

NNR May 9, 2023