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

MENA

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, Minister of Energy and Infrastructure,…

NNR February 14, 2023

MENA

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 on 30 May 2023 at…

NNR February 13, 2023

MENA

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 days in advance. New clients…

NNR February 13, 2023

MENA

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 Advisor (Issuance Manager) from the…

NNR February 13, 2023

MENA

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 a group of nine regional…

NNR February 7, 2023

MENA

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 net profit to AED 147.1…

NNR January 31, 2023

MENA

World Aquatics announces Centre of Excellence at the University of Technology Bahrain

MANAMA, BAHRAIN: World Aquatics and the Bahrain Olympic Committee today announced plans to create a centre of excellence and regional office for aquatic sports in the Kingdom of Bahrain, in…

NNR January 31, 2023

MENA

Dubai Investments acquires 9.0% stake in Monument Bank, UK based Digital Bank

DUBAI, UAE: Dubai Investments [DIC] has acquired 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation…

NNR January 26, 2023

MENA

Venture debt funding in MENA crosses $260 million across 18 deals in 2022

DUBAI, UNITED ARAB EMIRATES: The 2022 MENA Venture Debt Investment Report shows that venture debt funding grew 18x between 2020 and 2021, revealing a growing appetite for the funding tool…

NNR January 24, 2023

MENA

ADNOC and TAQA to jointly establish electric vehicle infrastructure in UAE

ABU DHABI, UAE: ADNOC Distributionhas agreed with Abu Dhabi National Energy Company (TAQA) to jointly establish a mobility joint venture, E2GO, to build and operate electric vehicle (EV) infrastructure in…

NNR January 19, 2023

MENA

EM Normandie French Business School inaugurates 1st campus at Dubai Knowledge Park

DUBAI, UAE: The EM Normandie French Business School has inaugurated its first regional campus at Dubai Knowledge Park, a member of TECOM Group PJSC. A significant addition to Dubai’s higher…

NNR January 19, 2023