TECOM Group shareholders approve AED 200 million cash dividend for H2 2022

DUBAI, UAE: TECOM Group, the creator of specialised business districts and vibrant communities, held its inaugural Annual General Assembly Meeting at one of its major business parks, Dubai Internet City.…

NNR March 15, 2023

MENA

Aramco posts record 46.5% growth in profits to $161.1 billion in 2022

Saudi Arabia’s oil giant Aramco reported a record net income of $161.1 billion for 2022 (46.5% higher than previous year’s $110 billion), the largest annual profit ever achieved by an…

NNR March 12, 2023

MENA

ADNOC Drilling recommends a final dividend of $341.25 million for 2022

ABU DHABI, UAE: ADNOC Drilling Company Board of Directors have recommended a final dividend payment of $341.25 million for 2022, subject to shareholder approval at the upcoming Annual General Meeting.…

NNR March 7, 2023

MENA

SAUDIA launches “Your Ticket Your Visa” Service

RIYADH, KSA: SAUDIA, the national flag carrier of Saudi Arabia, has announced the launch of "Your Ticket Your Visa". The first-of-its-kind service provides guests with even easier access to the…

NNR March 6, 2023

MENA

Aramco to invest in a new powertrain technology setup by Geely and Renault

DAHRAN, SAUDI ARABIA: Aramco has signed a letter of intent to become a potential minority stakeholder in a new powertrain technology company (PWT), to be established by Geely Holding Group,…

NNR March 2, 2023

MENA

Al Areen Holding appoints Eng. Ahlam Zainal as CEO

MANAMA, BAHRAIN: Al Areen Holding Company, a subsidiary of GFH Financial Group engaged in the development of the Al Areen desert project, announced the appointment of Eng. Ahlam Zainal as…

NNR February 22, 2023

MENA

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 to the DMC project with…

NNR February 22, 2023

MENA

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 company’s Executive Committee. In this…

NNR February 21, 2023

MENA

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 with a number of its…

NNR February 20, 2023

MENA

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 2016 in partnership with IRA…

NNR February 20, 2023

MENA

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 of this landmark transaction, which…

NNR February 15, 2023

MENA

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% of shareholding of the online…

NNR February 15, 2023